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of <h1>SEBI Can Relax Procedural Rules Under Regulation 32 for Issuers Facing Hardship or Benefiting Investors</h1> Regulation 32 of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, grants the Board the authority to address difficulties in applying or interpreting the regulations. The Board can issue clarifications or relax requirements after providing reasons. Upon application by an issuer, the Board may relax procedural requirements if they are technical, cause undue hardship, or if relaxation benefits a substantial number of investors or the securities market.
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