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        SEBI

        Regulation 8 - Mode of disclosure of offer document.

        Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
        Chapter III
        REQUIREMENTS FOR PUBLIC ISSUE

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        Minimum subscription period for municipal debt issues mandates brief open periods with extension for force majeure disruptions. Regulation 8 requires public issues of municipal debt securities to remain open for a minimum of three working days and permits the issuer to extend the disclosed bidding period, in cases of force majeure, banking strikes or similar circumstances, for a minimum additional period of three working days.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Minimum subscription period for municipal debt issues mandates brief open periods with extension for force majeure disruptions.

                              Regulation 8 requires public issues of municipal debt securities to remain open for a minimum of three working days and permits the issuer to extend the disclosed bidding period, in cases of force majeure, banking strikes or similar circumstances, for a minimum additional period of three working days.


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