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        SEBI

        Regulation 45 - Power to remove difficulties

        Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
        Chapter VII
        POWER TO REMOVE DIFFICULTIES

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        Merchant banker regulations permit circulars to clarify applicability and interpretation and remove operational difficulties. Regulation 45 authorises the Board to remove difficulties by issuing clarifications or guidelines as circulars to address the applicability and interpretation of the Merchant Bankers Regulations, enabling the regulator to resolve ambiguities and promote uniform application of the regulatory framework.
                        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.

                              Merchant banker regulations permit circulars to clarify applicability and interpretation and remove operational difficulties.

                              Regulation 45 authorises the Board to remove difficulties by issuing clarifications or guidelines as circulars to address the applicability and interpretation of the Merchant Bankers Regulations, enabling the regulator to resolve ambiguities and promote uniform application of the regulatory framework.


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