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of <h1>Municipal Debt Issuers Must Comply with SEBI Schedule V for Transparency; Corporate Boards Need One-Third Independent Directors</h1> Issuers of municipal debt securities must adhere to listing conditions outlined in Schedule V of the SEBI regulations, including continuous disclosure obligations. For corporate issuers under the Companies Act, 2013, one-third of the board must be independent directors. Any changes in credit ratings must be promptly communicated as determined by the stock exchange. Issuers, debenture trustees, and stock exchanges are required to make all information and compliance reports about municipal debt securities accessible to investors and the public via their websites. These provisions ensure transparency and accountability in the trading of municipal debt securities.
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