Submission of municipal accounts: relaxation allows audited prior years and interim statements for the latest year, with audited accounts follow. SEBI relaxes the documentation requirement for private placement municipal debt by allowing information memoranda to include audited accounts for the three earlier financial years and available half yearly financial statements (audited or unaudited) for the immediately preceding year, with a mandate that the audited accounts for that preceding year be submitted to recognized stock exchanges within one year from the end of that year and displayed on the exchange and issuer websites and provided to investors on request.
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Submission of municipal accounts: relaxation allows audited prior years and interim statements for the latest year, with audited accounts follow.
SEBI relaxes the documentation requirement for private placement municipal debt by allowing information memoranda to include audited accounts for the three earlier financial years and available half yearly financial statements (audited or unaudited) for the immediately preceding year, with a mandate that the audited accounts for that preceding year be submitted to recognized stock exchanges within one year from the end of that year and displayed on the exchange and issuer websites and provided to investors on request.
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