ISSUANCE AND LISTING OF NON-EQUITY REGULATORY CAPITAL INSTRUMENTS BY BANKS - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
ISSUANCE AND LISTING OF NON-EQUITY REGULATORY CAPITAL INSTRUMENTS BY BANKS - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
Power to remove difficulty: SEBI may issue clarifications or relax procedural requirements when justified to prevent undue hardship. Regulation 27 empowers the Board to issue clarifications or grant relaxations from application requirements or conditions after recording reasons. The ... Summary
Power to remove difficulty: SEBI may issue clarifications or relax procedural requirements when justified to prevent undue hardship.
Regulation 27 empowers the Board to issue clarifications or grant relaxations from application requirements or conditions after recording reasons. The Board may relax procedural or technical requirements, or strict enforcement, on application where requirements are procedural/technical, cause undue hardship to certain issuers, benefit a substantial number of investors, or serve the interest of the securities market.
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