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        SEBI

        Regulation 13 - Underwriting.

        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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        Underwriting of municipal debt securities must be by registered underwriters, with underwriting arrangements disclosed in the offer document. Underwriting of municipal debt securities for a public issue is permitted only where the underwriter is registered with the Board and, in such cases, the offer document must disclose adequate details regarding the underwriting arrangements.
                        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.

                              Underwriting of municipal debt securities must be by registered underwriters, with underwriting arrangements disclosed in the offer document.

                              Underwriting of municipal debt securities for a public issue is permitted only where the underwriter is registered with the Board and, in such cases, the offer document must disclose adequate details regarding the underwriting arrangements.


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