Regulation 27A - Exemption from enforcement of the regulations in special cases
Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 Chapter III-A POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
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Regulatory sandbox exemptions allow time limited relief from securities regulations to test new products under Board specified conditions. The Board may grant time limited exemptions from provisions of the Share Based Employee Benefits Regulations to any person or class to enable testing of ... Summary
Regulatory sandbox exemptions allow time limited relief from securities regulations to test new products under Board specified conditions.
The Board may grant time limited exemptions from provisions of the Share Based Employee Benefits Regulations to any person or class to enable testing of new products, processes, services or business models in a regulatory sandbox. Exemptions are for a specified period not exceeding twelve months and are subject to conditions specified by the Board, including continuous compliance. A regulatory sandbox is a live testing environment where innovations may be deployed to a limited set of eligible customers for a specified period under Board specified conditions.
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