April 2015

Issue of Debt Securities by Municipalities

SEBI, in its Board Meeting dated 22 March, 2015 approved the SEBI (Issue and Listing of Debt Securities by Municipality) Regulations, 2015, thereby providing a regulatory structure for public issuance of debt securities, and listing of debt securities issued through public issue or privately placed bonds by Municipalities. A Municipality is a self-government institution constituted…

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