TaxTMI 
TaxTMI 
Definitions
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....tronic media or social media, radio, 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 exchang....
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....elopment Fund Scheme of the Government of India or a body corporate to whom the Companies Act, 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 consti....
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....lies, it shall mean an offer or invitation made in terms of section 42 of the Companies Act, 2013 and the rules made thereunder, 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 hav....
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.... the Reserve Bank of India.] ^4[(zb) "working day" means all days on which commercial banks in the city, as specified in the offer document, are open for business; Explanation: For the purpose of this definition, in respect of - (i) Announcement of bid /issue period: working day shall mean all days, excluding Saturdays, Sundays and public holidays, on which commercial banks in the city as notified in the offer document are open for business; (ii) the time period between the bid/ issue closing date and the listing of the nonconvertible securities on the stock exchanges: working day shall mean all trading days of the stock exchanges for non-convertible securities, excluding Sat....
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....oceeds of the municipality. (h) "issuer" means any municipality or a corporate municipal entity, which makes or proposes to make an issue of debt securities in accordance with these regulations or which has its securities listed on a recognised stock exchange or which seeks to list its debt securities on a recognised stock exchange; (i) "municipality" means an institution of self-government constituted under Article 243Q of the Constitution of India; (j) "national municipal accounts manual" means the municipal accounting manual formulated by the Ministry of Urban Development; (k) "offer document" means prospectus or shelf prospectus and includes any such document or advertisement whereby the subscription ....