9911796707
TMI BlogSubmission of accounts for debt securities issued under the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... ts for debt securities issued under the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 1. Regulation 15 (1) (b) of the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 (SEBI ILDM regulations) requires that an issuer making issue of debt securities under these regulations, on a private placement basis, shall submit its accounts prepar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6-17, the accounts would be required to be submitted for the FY 2013-14, 2014-15 and 2015-16. In such a case, the municipalities would be able to submit the audited accounts only for the FY 2013-14 and 2014-15. However, for the FY 2015-16, the audited accounts would not be available before the month of June/July 2017. In view of the above operational procedures followed by municipalities, it woul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i.e. FY 2016-17, the issuers shall submit the half yearly financial statements, as available (audited or unaudited) as on September 2016. However, the audited accounts for the said FY i.e 2016-17 shall be submitted within one year from the end of that FY (i.e. by March 31, 2018) to the recognized stock exchanges, where the debt securities have been listed. Such audited accounts shall be displaye ..... X X X X Extracts X X X X X X X X Extracts X X X X
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