Regulation 11 - Power to remove difficulties - Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

Power to remove difficulties. 11. 1 [ (1) ] 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. 2 [ (2) For the purpose of Chapter IIIA, the Board may,- i. by circular, specify procedures and processes for carrying out the purposes of these regulations; ii remove any difficulty in the interpretation or application or implementation of the provisions of these regulations, by issuing clarifications and specifying procedures through circulars or guidelines. ] ************ NOTES:- 1. Numbered vide Notification No. SEBI/LAD-NRO/GN/2019/32 dated 17-09-2019 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2019/32 dated 17-09-2019