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        SEBI

        Regulation 28A - Exemption from enforcement of the regulations in special cases

        Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
        Chapter VII-A
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox exemption allows temporary relief from regulations to test innovations under specified conditions and continuous compliance required. Regulation 28A authorises the Board to exempt any person or class from specified provisions of the delisting regulations for up to twelve months to enable live testing of innovations in a regulatory sandbox. Exemptions are subject to conditions prescribed by the Board, including ongoing compliance obligations. A regulatory sandbox is defined as a controlled live environment allowing deployment of new products, processes, services or business models to a limited set of eligible customers for a specified period under Board-specified conditions.
                          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.

                                Regulatory sandbox exemption allows temporary relief from regulations to test innovations under specified conditions and continuous compliance required.

                                Regulation 28A authorises the Board to exempt any person or class from specified provisions of the delisting regulations for up to twelve months to enable live testing of innovations in a regulatory sandbox. Exemptions are subject to conditions prescribed by the Board, including ongoing compliance obligations. A regulatory sandbox is defined as a controlled live environment allowing deployment of new products, processes, services or business models to a limited set of eligible customers for a specified period under Board-specified conditions.


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