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        SEBI

        Regulation 33 - Power to remove difficulties

        Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
        Chapter VI
        MISCELLANEOUS

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        Power to remove difficulties: Board may issue clarifications or guidelines to resolve interpretive and application issues. Regulation 33 empowers the Board to remove difficulties in interpretation or application of these regulations by issuing clarifications or guidelines to aid consistent interpretation and application; amendments replaced prior phrasing about directions through guidance notes or circulars and omitted a proviso that had required a reasonable opportunity to be heard and recording reasons when issuing case-specific directions.
                        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 difficulties: Board may issue clarifications or guidelines to resolve interpretive and application issues.

                              Regulation 33 empowers the Board to remove difficulties in interpretation or application of these regulations by issuing clarifications or guidelines to aid consistent interpretation and application; amendments replaced prior phrasing about directions through guidance notes or circulars and omitted a proviso that had required a reasonable opportunity to be heard and recording reasons when issuing case-specific directions.


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