https://www.taxtmi.com/circulars?id=63172 Amendments under the ILDM Regulations require listed municipal debt issuers to submit half-yearly unaudited and annual audited financial results within prescribed timelines with comparative information and governance body sign-off, disclose financial ratios and any material adverse changes affecting debt servicing, certify timely payment of interest or principal to stock exchanges, implement an escrow payment mechanism with specified accounts monitored by a debenture trustee, disclose quarterly escrow balances and transfer notes, permit defined investments of escrow and interim proceeds with a trustee lien, and ensure annual credit rating review and prompt dissemination of rating changes. en-us Wed, 13 Nov 2019 00:00:00 +0530 Wed, 13 Nov 2019 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63172 Amendments under the ILDM Regulations require listed municipal debt issuers to submit half-yearly unaudited and annual audited financial results within prescribed timelines with comparative information and governance body sign-off, disclose financial ratios and any material adverse changes affecting debt servicing, certify timely payment of interest or principal to stock exchanges, implement an escrow payment mechanism with specified accounts monitored by a debenture trustee, disclose quarterly escrow balances and transfer notes, permit defined investments of escrow and interim proceeds with a trustee lien, and ensure annual credit rating review and prompt dissemination of rating changes. Circulars SEBI Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63172