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of <h1>SEBI Can Relax Procedural Rules Under Regulation 28 for Investor Interests or to Prevent Hardship; Application Fee 50,000</h1> Regulation 28 of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 grants SEBI the authority to relax strict enforcement of procedural requirements if it serves the interests of investors or prevents undue hardship. Companies seeking such relaxation must submit a self-attested application, detailing the grounds for the request, and pay a non-refundable fee of fifty thousand rupees. SEBI will consider the application and issue a reasoned order granting or rejecting the request after providing the applicant an opportunity to be heard.
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