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of <h1>SEBI Updates: Minimum Subscription for Municipal Debt Securities via Private Placement Reduced to 10 Lakh from 25 Lakh.</h1> The Securities and Exchange Board of India (SEBI) regulations concerning municipal debt securities issued on a private placement basis stipulate that the minimum subscription amount per investor is set at Rupees ten lakh. This regulation was updated in 2019, replacing the previous condition which required a minimum subscription of Rupees twenty-five lakh. The earlier conditions also included compliance with the Companies Act, adherence to specific accounting standards, and obtaining a credit rating from a registered agency, among other requirements for listing such securities on a recognized stock exchange.
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