Regulation 16 - Electronic issuance - Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015

CHAPTER V REQUIREMENTS FOR BOTH PUBLIC ISSUES AND PRIVATE PLACEMENT 1 [ Electronic issuance 16. An issuer proposing to issue municipal debt securities may make the same through the on-line system and shall comply with the relevant requirements as may be specified by the Board. ] ************* NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/40 dated 27-09-2019 before it was read as, Asset cover. 16. An issuer, proposing to issue debt securities shall maintain 100% asset cover sufficient to discharge the principal amount at all times for the debt securities issued.