https://www.taxtmi.com/circulars?id=70766 Privately placed municipal debt securities may have a face value of Rs. One Lakh or Rs. Ten Thousand; lower-face-value securities require fixed maturity and cannot have structured obligations. Pooled finance vehicles and special purpose vehicles must maintain a two-step escrow arrangement, including interest payment and sinking fund accounts, and retain one year's interest obligation in the interest payment account. Listed municipalities must submit half-yearly unaudited results within sixty days and annual audited results with the audit report within ninety days. en-us Tue, 11 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 18:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70766 Privately placed municipal debt securities may have a face value of Rs. One Lakh or Rs. Ten Thousand; lower-face-value securities require fixed maturity and cannot have structured obligations. Pooled finance vehicles and special purpose vehicles must maintain a two-step escrow arrangement, including interest payment and sinking fund accounts, and retain one year's interest obligation in the interest payment account. Listed municipalities must submit half-yearly unaudited results within sixty days and annual audited results with the audit report within ninety days. Circulars SEBI Tue, 11 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70766