Municipal Bonds Development Committee

#	Members Details	Capacity
1	Shri. Sujit Prasad Executive Director, SEBI	Chairperson
2	Ms. Asha Shetty Chief General Manager, SEBI	Member
3	Ms. D Thara Joint Secretary, Ministry of Housing and Urban Affairs	Member
4	Shri. G. Mathi Vathanan Prinicipal Secretary, Housing and Urban Development Department, Govt. of Odisha, Bhubaneshwar	Member
5	Shri. Shekhar Gaikwad Municipal Commissioner, Pune Municipal Corporation	Member
6	Shri. Ravi Varanasi Chief Business Officer, NSE	Member
7	Shri. Girish Joshi Chief Trading operations and Listing cell, BSE	Member
8	Shri. Cyril Shroff Managing Director, Cyril Amarchand Mangaldas	Member
9	Shri. Sudhir Bassi Executive Director, Khaitan and Company	Member
10	Shri. Rakesh Joshi Head Capital Market, SBI Capital Markets Limited	Member
11	Shri. Mukund Manohar Chitale Partner, Mukund M. Chitale & Co.	Member
12	Shri. Gurpreet Chhatwal President, CRISIL Ratings	Member
13	Ms. Richa Goel Agarwal Deputy General Manager, SEBI	Member Secretary

Terms of reference of the Committee:

a. To advise SEBI on issues related to regulation and development of primary and secondary market of municipal debt securities.

b. To advise SEBI on matters required to be taken up for changes in legal framework to introduce simplification and transparency in systems and procedures in the primary and secondary market.

c. To advise SEBI on matters relating to regulation of intermediaries for ensuring investor protection in the primary and secondary market.

d. To recommend SEBI on measures to facilitate issuers (i.e. municipalities) for issuance of municipal debt securities.