Section 29 in Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
29. Power to remove difficulties.
- In order to remove any difficulties in the interpretation or application of the provisions of these regulations, the Board shall have the power to issue directions through guidance notes or circulars:Provided that where any direction is issued by the Board in a specific case relating to interpretation or application of any provision of these regulations, it shall be done only after affording a reasonable opportunity of being heard to the concerned persons and after recording reasons for the direction.
