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        SEBI

        Regulation 32 - Power to remove difficulty

        Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
        Chapter VII
        MISCELLANEOUS

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        Power to remove difficulty: regulator may issue clarifications or relax procedural requirements to ease market access and protect investors. Regulation 32 empowers the Board to remove difficulties in application or interpretation by issuing clarifications or granting relaxations after recording reasons; the Board may relax procedural requirements, conditions or strict enforcement if the requirement is procedural or technical, causes undue hardship to a class of industry or issuers accessing the securities market, benefits a substantial number of investors, or is in 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: regulator may issue clarifications or relax procedural requirements to ease market access and protect investors.

                                Regulation 32 empowers the Board to remove difficulties in application or interpretation by issuing clarifications or granting relaxations after recording reasons; the Board may relax procedural requirements, conditions or strict enforcement if the requirement is procedural or technical, causes undue hardship to a class of industry or issuers accessing the securities market, benefits a substantial number of investors, or is in the interest of the securities market.


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