TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Amends Rules for Municipal Debt Securities; Requires Surplus Income, No Defaults, and Non-Negative Net Worth.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the regulations concerning the issuance and listing of debt securities by municipalities. Effective upon publication in the Official Gazette, these amendments modify the 2015 regulations. Key changes include the requirement for municipalities to demonstrate surplus income in any of the preceding three financial years or meet other criteria specified by SEBI. Additionally, municipalities must not have defaulted on debt securities or loans in the past year. Corporate municipal entities must maintain a non-negative net worth over the same period.
TaxTMI 
TaxTMI 
