Regulation 33 - Power to remove difficulties - Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Power to remove difficulties. 33. In order to remove any difficulties in the interpretation or application of the provisions of these regulations, the Board 1 [may issue clarifications or guidelines from time to time]: 2 [. ] ****************** NOTES:- 1 Substituted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2018, w.e.f. 11-09-2018. Prior to this, it read as shall have the power to issue directions through guidance notes or circulars . 2 Omitted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2018, w.e.f. 11-09-2018. Prior to its omission, it read as 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 .