https://www.taxtmi.com/acts?id=37824 Proceeds of municipal debt securities must be used only for purposes stated in the offer document or placement memorandum; proceeds earmarked for defined projects require prior approvals where applicable. Issuers must transfer proceeds into a designated bank account immediately after issue closure and use them only for the indicated projects. The offer document or placement memorandum must include a tabular schedule of implementation, and in private placements the merchant banker must confirm completion of formalities to enable release of funds or refunds. en-us Mon, 30 Sep 2019 18:15:55 +0530 Mon, 12 Aug 2024 16:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37824 Proceeds of municipal debt securities must be used only for purposes stated in the offer document or placement memorandum; proceeds earmarked for defined projects require prior approvals where applicable. Issuers must transfer proceeds into a designated bank account immediately after issue closure and use them only for the indicated projects. The offer document or placement memorandum must include a tabular schedule of implementation, and in private placements the merchant banker must confirm completion of formalities to enable release of funds or refunds. Act-Rules SEBI Mon, 30 Sep 2019 18:15:55 +0530 https://www.taxtmi.com/acts?id=37824