Power to relax enforcement: Board may permit departures from strict compliance where procedural, irrelevant disclosure, or uncontrollable non compliance. The Board has discretionary power to relax strict enforcement when a requirement is procedural, a disclosure is irrelevant to a class of industry or issuer, or non compliance arose from factors beyond the issuer's control. Relief requires filing an application setting out grounds and payment of the prescribed non refundable fee by the modes specified by the Board.