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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Amendment to SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015

11-Aug-2026 | HO/17/11/24(1)2026-DDHS-POD1/l/18526/2026

SEBI has introduced amendments and operational changes to the regulatory framework governing municipal debt securities. The changes apply to issuers proposing to list or already having listed municipal debt securities, along with relevant stock exchanges, depositories and registered merchant bankers. Key updates: 1. Face Value: For privately placed municipal debt securities, the face value of each security shall be ₹1,00,000 or ₹10,000, as considered appropriate. Securities with a ₹10,000 face value must have a fixed maturity and no structured obligations. 2. Trading Lot: The trading lot of a privately placed listed municipal debt security traded on a stock exchange must always be equal to its face value. 3. Two-Step Escrow Mechanism: Where the issuer is a pooled finance vehicle/SPV established under the Government of India's Pooled Finance Development Fund Scheme, constituent municipalities must maintain the prescribed accounts, etc.

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Corporate Laws

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Amendment to Property Tax Rates and Taxation System under the Haryana Municipal Act, 1973

01-Sep-2026 | No. 4/56/2026-4C-I

The Haryana Government, Urban Local Bodies Department, has amended its notification dated 30 July 2026 regarding the new system of property

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