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        SEBI

        Regulation 4A - In-principle approval

        Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
        Chapter II
        ELIGIBILITY AND CONDITIONS

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        Listing application requirement: issuers must apply to recognised stock exchanges and designate one as primary exchange. Issuers of municipal debt securities must apply to one or more recognised stock exchanges for listing and, if applying to multiple exchanges, choose one as the designated stock exchange; for subsequent issues the issuer may choose a different designated stock exchange subject to the regulation's requirements.
                        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.

                              Listing application requirement: issuers must apply to recognised stock exchanges and designate one as primary exchange.

                              Issuers of municipal debt securities must apply to one or more recognised stock exchanges for listing and, if applying to multiple exchanges, choose one as the designated stock exchange; for subsequent issues the issuer may choose a different designated stock exchange subject to the regulation's requirements.


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