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        SEBI

        Regulation 4C - Dematerialisation

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

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        Dematerialisation requirement: issuers must use a registered depository to effect municipal debt securities issuance and holdings. Issuance of municipal debt securities must occur in dematerialised form: the issuer is required to enter into an arrangement with a depository that is registered with the securities regulator to effect dematerialisation in accordance with applicable depository law and its rules and regulations.
                        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.

                              Dematerialisation requirement: issuers must use a registered depository to effect municipal debt securities issuance and holdings.

                              Issuance of municipal debt securities must occur in dematerialised form: the issuer is required to enter into an arrangement with a depository that is registered with the securities regulator to effect dematerialisation in accordance with applicable depository law and its rules and regulations.


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