Regulation 29 - Power to remove difficulties - Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015

Power to remove difficulties. 29. 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.