Securities And Exchange Board Of India - Subsection
Section 2(1)(z) in Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
(z)"specified" includes specified by regulations or by a general or special order or circular issued by the Board;(za)"wilful defaulter" shall mean a person or an issuer who or which is categorized as a wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or a consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.]