Exempt Issuer

An issuer which can issue securities that are exempt from certain statutory, regulatory reporting requirements is known as an Exempt Issuer. As per law, all companies or businesses which are listed on recognised stock exchanges, have to comply with certain reporting and disclosure requirements as stated by the Securities and Exchange Board of India. However, an Exempt Issuer will have some level of flexibility and will not be subject to reporting all or certain parameters will be relaxed for such issuers.
For Example: Government/state government/municipality issued tax free securities or similar securities issued by banks/depository institutions and authorized insurance companies, railways, public utilities/service companies or specific non-profit organizations.