TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... cial 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 exchange for the purpose ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 cons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h the Companies Act, 2013 applies, 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall have the same meanings respectively assigned to them in the Act 2 [****] or Securities Contracts (Regulation) Act, 1956 or the Depositories Act, 1996 or the Rules and the Regulations made thereunder or any statutory modification or re-enactment thereto. ********** NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/40 dated 27-09-2019 before it was read as (d) corporate municipal entity means a company as defined under Companies Act, 2013, which is a subsidiary of a municipality and which is set up for the purpose of raising funds for a specific municipality or group of municipalities; (e) debt securities means a non-convertible debt securities wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to a select group of persons by a municipality through issue of a private placement offer letter to not more than two hundred persons, which shall not intend to result in, directly or indirectly, the debt securities becoming available for subscription or purchase by persons other than those receiving the offer or invitation: Provided that for a corporate municipal entity, 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 private placement offer letter; (m) public issue means an offer or invitation by an issuer to public to subscribe to the debt securities, which is not in the nature of a private placement; (n) revenue bonds means debt s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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