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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Relaxation of compliance requirements for asset management companies and mutual funds for procedural or beyond-control breaches; ?1 lakh application fee</h1> SEBI may relax strict enforcement of any requirement of these regulations where it is satisfied that the relaxation sought is procedural or technical, non-compliance arose from factors beyond the control of the asset management company or mutual fund, or the requirement would cause undue hardship to unitholders, thereby permitting dispensation from compliance in such circumstances. Applications for such relaxation must be filed with the Board stating details and grounds and be accompanied by a non-refundable fee of rupees one lakh payable by NEFT/RTGS/IMPS, SEBI Payment Gateway or other modes specified by the Board, thereby making receipt of the application and fee a prerequisite for consideration.
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