Power to relax strict enforcement of the regulations

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....ions except the provisions incorporated from the Companies Act, if the Board is satisfied that: (a) the requirement is procedural in nature; or (b) the requirement may cause undue hardship to investors; (ii) For seeking relaxation under sub-regulation (i), the company shall file^ 3[a] ^4[self-attested] application with the Board, ^2[****] giving details and the grounds on....

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....fore it was read as, "(iii) The company shall along with the application referred to under sub-regulation (ii), pay a non-refundable fee of rupees fifty thousand, by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or by way of a banker's cheque or demand draft payable in Mumbai in favour of the Board." 2.  Omitted vide F. No. ....