SEBI Updates Relaxation from compliance with certain provisions of the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015 (ILDM Regulations) and certain SEBI Circulars due to the CoVID -19 virus pandemic

SEBI, vide circular dated March 23, 2020, had granted extension of timelines for certain requirements for issuers of Municipal Debt Securities.

 It has been decided to partially modify clause 7 of the circular (dealing with investor grievance report, financial results and Accounts maintained by issuers under ILDM Regulations) and further extend the timelines for submission to July 31, 2020.

This circular shall come into force with immediate effect.