Power to relax strict enforcement of the regulations on the basis of application

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Full Text of the Document

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....ither suo moto or upon receipt of an application made in this regard, in the interest of investors and securities market and for the development and regulation of securities market, relax the strict enforcement of any requirements of these regulations, if the Board is satisfied that: (a) the requirement may cause undue hardships to investors; or (b) the requirement is procedural ....