Power to relax strict enforcement of the regulations

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..... cept the provisions incorporated from the Companies Act, if the Board is satisfied that: (a) the requirement is procedural in nature; or (b) the requirement may cause undue hardship to investors; (ii) For seeking relaxation under sub-regulation (i), the company shall file an application with the Board, supported by a duly sworn affidavit, giving details and the grounds on which such relax .....

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..... s, (iii) The company shall along with the application referred to under sub-regulation (ii), pay a non-refundable fee of rupees fifty thousand, by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or by way of a banker s cheque or demand draft payable in Mumbai in favour of the Board. - - statute, statutory provisions legislation, law, en .....

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