TaxTMI 
TaxTMI 
Definitions
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....io, television programme; (c) "Board" means the Securities and Exchange Board of India established under section 3 of the Act; 1[(d) "constitution document" shall mean the Central or State Act, Rules, Regulations or charter under which the issuer has been established or incorporated or notified; (e) "credit enhancement" shall mean any arrangement including subordination, insurance, letter of credit, over-collateralization, undertakings, guarantees, letter of comfort etc.; (f) "designated stock exchange" shall mean a recognized stock exchange in which securities of an issuer are listed or proposed to be listed and which is chosen by the issuer as a designated stock exchange for the purpose of a particular issue of municip....
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.... 2013 applies, which offers or proposes to offer municipal debt securities in accordance with these regulations shall also be deemed to be an issuer subject to condition that it is set up by the State Government(s) or Central Government for the purpose of raising funds for a person performing one or more functions entrusted under Article 243W of the Constitution of India. (m) "municipal debt securities" shall mean non-convertible debt securities which create or acknowledge indebtedness, and include debenture, bonds and such other securities of an issuer; (n) "municipality" shall mean an institution of self-government constituted under Article 243Q of the Constitution of India; (o) "national municipal accounts manual&....
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....er, through issue of a placement memorandum; ii. any offer or invitation made to qualified institutional buyers shall not be considered while calculating the limit of two hundred persons; (t) "preliminary placement memorandum" shall mean the placement memorandum filed with the Board and the stock exchange(s) in relation to a private placement under these regulations; (u) "public issue" shall mean an offer or invitation by an issuer to public to subscribe to the municipal debt securities, which is not in the nature of a private placement; (v) "qualified institutional buyer" shall have the same meaning as assigned to it under Securities and Exchange Board of India (Issue of Capital And Disclosure Requirements) Regulations), 2018; ....
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....enactment thereto. ************* NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/40 dated 27-09-2019 before it was read as, "(d) "corporate municipal entity" means a company as defined under Companies Act, 2013, which is a subsidiary of a municipality and which is set up for the purpose of raising funds for a specific municipality or group of municipalities; (e) "debt securities" means a non-convertible debt securities which create or acknowledge indebtedness, and include debenture, bonds and such other securities of a municipality, or a corporate municipal entity, whether constituting a charge on the assets of such body or not; (f) "designated stock exchange" means a recognised stock exchange in which securiti....