Power to relax strict enforcement of the regulations

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Full Text of the Document

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....f these regulations, if the Board is satisfied that: (a) requirement is procedural or technical in nature; or (b) requirement causes undue hardship to a particular class of industry or a particular issuer or a class of issuers from accessing the securities market; or (c) relaxation is in the interest of substantial number of investors; or (d) such relaxation will be in the interest of secu....