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    <title>Power to relax the strict enforcement of the regulations</title>
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    <description>The Board may relax strict compliance with the Depositories and Participants Regulations suo motu or on application by a depository, for reasons recorded in writing, where non compliance is due to factors beyond the entity&#039;s control or is procedural or technical in nature; such relaxation may be subject to conditions in the interests of investors and the securities market, and applicants must pay a prescribed non refundable application fee via prescribed electronic modes.</description>
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      <description>The Board may relax strict compliance with the Depositories and Participants Regulations suo motu or on application by a depository, for reasons recorded in writing, where non compliance is due to factors beyond the entity&#039;s control or is procedural or technical in nature; such relaxation may be subject to conditions in the interests of investors and the securities market, and applicants must pay a prescribed non refundable application fee via prescribed electronic modes.</description>
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