Power to relax compliance: board may grant regulatory relief on application or suo motu, subject to conditions protecting investors. The Board may grant relaxation from strict compliance suo motu or on company application for reasons recorded in writing, imposing conditions it deems fit in the interests of investors and the securities market; applicants must pay a non refundable fee of one lakh, with payment modes amended to allow specified electronic credit methods alongside traditional bank instruments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to relax compliance: board may grant regulatory relief on application or suo motu, subject to conditions protecting investors.
The Board may grant relaxation from strict compliance suo motu or on company application for reasons recorded in writing, imposing conditions it deems fit in the interests of investors and the securities market; applicants must pay a non refundable fee of one lakh, with payment modes amended to allow specified electronic credit methods alongside traditional bank instruments.
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