Power to relax strict enforcement of the regulations

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..... visions 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 3[a] 4[self-attested] application with the Board, 2[****] giving details and the grounds on which such relaxation has been sought. 1[ .....

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..... 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." 2. Omitted vide F. No. SEBI/LAD-NRO/GN/2024/212 dated 28-11-2024 before it was read as, "supported by a duly sworn a .....

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