TaxTMI 
TaxTMI 
Applicable in case of Special Purpose Vehicle, which is set up for the purpose of raising funds for a person for performing one or more functions entrusted under Article 243W of the Constitution of India
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.... the offer document /placement memorandum, as applicable, with the Registrar of Companies or filing the same with the recognised stock exchanges. (c) Plain English shall be used to enable easy understanding of the contents. Technical terms, if any, used in explaining the business of the issuer shall be clarified in simple terms. (d) Wherever it is mentioned that details are given elsewhere in the document, the same shall be adequately cross-referenced by indicating the paragraph heading and page number. (e) There shall be no forward-looking statements that cannot be substantiated. (f) Consistency shall be ensured in the style of disclosures. If the first person is used, the same may be used throughout. All sentences that contain a combination of first and third persons may be avoided. (g) For presentation currency, only one standard financial unit shall be used. 2. Applicability: An issuer making a public issue or private placement of municipal debt securities that are intended to be listed shall make the disclosures as specified in this Schedule. 3. General information: (....
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....ssuer, if applicable. (c) Details of the management structure of the issuer. (d) Shareholding pattern of the issuer along with top 10 shareholders of the issuer, if applicable. (e) Resolution authorizing the borrowing of the Issuer and each constituent Municipality along with the list of authorized signatories of the Issuer. (f) Details of necessary Resolution(s) for the allotment of municipal debt securities of the issuer. (g) Memorandum and Articles of Association in case the issuer is a body corporate incorporated under Companies Act, 2013, if applicable. (h) Details of any Reorganization or Reconstruction of management in the last 1 year of the issuer. (i) Capital structure relating to projects for which funds are proposed to be mobilized. (j) Capital grant for the proposed project(s) and the amount received in this regard. 5. Objects of the issue: (a) The proceeds of the proposed issue shall be clearly earmarked for a defined project or a set of projects along with the location of the project(s) and plant and machinery, technology, process, etc. (b) Where the issuer proposes to underta....
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....ue)/ credit rating letter issued (not older than one month on the date of opening of the issue) by the rating agencies shall be disclosed. Names of all the credit rating agencies from which credit rating including unaccepted rating has been obtained. (c) Credit Enhancement Mechanisms if any, with complete details, if any. (d) Names of all the recognised stock exchanges where the debt securities are proposed to be listed clearly indicating the designated stock exchange. (e) Additional interest to be paid, above the Coupon Rate, in case of default in payment of Interest and/or principal redemption on the due dates. (f) Penal interest payable by the issuer in case of delay in listing of debt securities from the deemed date of allotment. (g) Debenture Redemption Reserve and such other reserve creation - relevant regulations as applicable. (h) Application process. (i) Procedure for deciding and adjusting payment dates (in response to days when payment cannot be made due to any reason such as sudden bank holiday. (j) 'Terms of payments' and procedure and time schedule f....
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.... Capital expense Capital surplus Overall surplus Deposits and Advances (net) Initial Cash / Bank balance Change in Cash / Bank balance Final Cash / Bank balance Loan repayment from sinking fund Initial Sinking fund balance Change in sinking fund Final sinking fund balance Total debt Ratio of Total Expenditure /Total Revenue Cash surplus / total revenue ....
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....nd Series Tenor/ Period of Maturity Coupon Amount Date of Allotment Redemption Date/ Schedule Credit Rating Secured/ Unsecured Security d. List of the Top ten Debenture Holders (as on ......) Sr. No. Name of Debenture Holders Amount Note: Top ten holders' (in value terms, on cumulative basis for all outstanding debentures issues) details should be provided. e. Details of Commercial Paper:- The total Face Value of Commercial Papers Outstanding as on the latest quarter end to be provided and its breakup in following table:- Maturity Date Amount Outstanding f. Details of Rest of Borrowings. g. Details of any outstanding borrowings and debt securities issued for consideration other than cash, whether in whole or part, at a premium or discount, or in pursuance....
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....elopments since the date of the last balance sheet of the issuer shall be incorporated separately in the offer document or placement memorandum. e. Statement containing particulars of dates of, and parties to all material contracts and agreements of the issuer: Provided that a recognized stock exchange may call for such further particulars or documents as it deems appropriate. f. Any material event/ development or change having implications on the financials/credit quality of the issuer (e.g. any material regulatory proceedings against the Issuer, resulting in material liabilities, restructuring event, etc.) at the time of the issue which may affect the issue or the investor's decision to invest/ continue to invest in the municipal debt securities. g. Details of non-payment of statutory dues of the Issuer and constituent Municipalities, if any. h. Details of all default/s and/or delay in payments of interest and principal of any kind of term loans, debt securities and other financial instrument issued by the Issuer, in the past 3 years. 10. Government approvals: a. Investment approvals, letter of intent or industrial license ....