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        SEBI

        Regulation 15 - Minimum subscription

        Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
        Chapter IV
        MUNICIPAL DEBT SECURITIES ISSUED ON PRIVATE PLACEMENT BASIS

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        Minimum subscription requirement for municipal private-placement debt securities set at a reduced per-investor threshold effective immediately. Regulation 15 fixes a minimum subscription amount per investor for municipal debt securities issued on a private placement basis at Rupees ten lakh, serving as the operative per-investor subscription threshold for such privately placed municipal bonds.
                      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 requirement for municipal private-placement debt securities set at a reduced per-investor threshold effective immediately.

                            Regulation 15 fixes a minimum subscription amount per investor for municipal debt securities issued on a private placement basis at Rupees ten lakh, serving as the operative per-investor subscription threshold for such privately placed municipal bonds.


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