Periodic disclosures by issuers required to report material changes and servicing metrics and investor redressal for municipal bonds. Schedule V requires issuers of municipal debt securities to disclose material adverse changes affecting ability to service bonds; proposals for pre payment and bond valuation for transfers before maturity; key financial and servicing ratios including debt-equity, debt service coverage and interest service coverage; and half yearly returns on bond servicing, credit enhancement facilities, asset cover maintenance and investor grievance redressal, with disclosures made to the stock exchange and debenture trustee where applicable.
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.
Periodic disclosures by issuers required to report material changes and servicing metrics and investor redressal for municipal bonds.
Schedule V requires issuers of municipal debt securities to disclose material adverse changes affecting ability to service bonds; proposals for pre payment and bond valuation for transfers before maturity; key financial and servicing ratios including debt-equity, debt service coverage and interest service coverage; and half yearly returns on bond servicing, credit enhancement facilities, asset cover maintenance and investor grievance redressal, with disclosures made to the stock exchange and debenture trustee where applicable.
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