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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 18 mandates complete and truthful disclosures in municipal debt securities documents to prevent misleading investors.</h1> Regulation 18 of the Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 mandates that offer documents, term sheets, or placement memoranda must not omit material facts that could render them misleading. These documents, along with any related advertisements, must be free from false or misleading statements. Additionally, they must include all material disclosures that are true, correct, and sufficient to allow applicants to make informed investment decisions. This regulation applies to both public issues and private placements of debt securities.
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