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.
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 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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