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        SEBI

        Regulation 31A - Exemption from enforcement of the regulations in special cases

        Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
        Chapter V-A
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox exemptions allow temporary relief from specified takeover regulations subject to Board imposed conditions and continuous compliance. The Board may exempt any person or class from specified provisions for up to twelve months to enable testing of new products, processes, services or business models in a live regulatory sandbox deployed to a limited set of eligible customers. Exemptions are subject to conditions specified by the Board and to continuous compliance with those conditions; the regulatory sandbox is a time limited live testing environment for furthering innovation in 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.

                                Regulatory sandbox exemptions allow temporary relief from specified takeover regulations subject to Board imposed conditions and continuous compliance.

                                The Board may exempt any person or class from specified provisions for up to twelve months to enable testing of new products, processes, services or business models in a live regulatory sandbox deployed to a limited set of eligible customers. Exemptions are subject to conditions specified by the Board and to continuous compliance with those conditions; the regulatory sandbox is a time limited live testing environment for furthering innovation in the securities market.


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