Section 22A in Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
22A. [ Day count convention. [Inserted by Notification No. SEBI/LAD-NRO/GN/2019/40, dated 27.9.2019 (w.e.f. 15.7.2015).]
- The day count convention for calculation of interest payments for municipal debt securities shall be Actual/Actual and shall be calculated in manner as specified by the Board.
