Power to relax enforcement allows regulatory authority to permit deviations subject to application and recorded reasons. The Authority may relax strict enforcement of any requirement of these regulations in the interest of development and regulation of the IFSC market. Applicants must file an application stating details and grounds and pay a non refundable fee as specified; the Authority shall process a complete application within thirty days and record reasons for acceptance or refusal of the relaxation.
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 allows regulatory authority to permit deviations subject to application and recorded reasons.
The Authority may relax strict enforcement of any requirement of these regulations in the interest of development and regulation of the IFSC market. Applicants must file an application stating details and grounds and pay a non refundable fee as specified; the Authority shall process a complete application within thirty days and record reasons for acceptance or refusal of the relaxation.
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