Regulation 43 - Exemption from enforcement of the regulations in other cases.
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Chapter V POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
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Power to relax enforcement: Board may permit regulatory relief subject to investor-protective conditions and procedural fee. The Board may, suo motu or on company application with reasons recorded in writing, relax strict compliance with these regulations subject to conditions it deems fit to protect investors and the securities market. An applying company must pay a non-refundable fee of one lakh by direct credit into the Board's specified bank account via NEFT/RTGS/IMPS or other Reserve Bank-permitted modes.
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 relax enforcement: Board may permit regulatory relief subject to investor-protective conditions and procedural fee.
The Board may, suo motu or on company application with reasons recorded in writing, relax strict compliance with these regulations subject to conditions it deems fit to protect investors and the securities market. An applying company must pay a non-refundable fee of one lakh by direct credit into the Board's specified bank account via NEFT/RTGS/IMPS or other Reserve Bank-permitted modes.
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