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          <h1>Regulation 6 mandates true, fair, and material disclosures in municipal debt securities offer documents for informed investment decisions.</h1> Regulation 6 of the Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 mandates that draft offer documents and offer documents for municipal debt securities must include true, fair, and material disclosures necessary for informed investment decisions. Issuers and lead managers must ensure compliance with specified disclosures in Schedule I and IA, and additional disclosures as required by SEBI. For corporate entities under the Companies Act, 2013, compliance with related disclosure mandates is also required. Lead managers must exercise due diligence in verifying the accuracy and adequacy of these disclosures.

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