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Source: https://swaritadvisors.com/learning/sebi-decides-to-relax-timelines-for-comp...
The circular regarding the relaxation of timelines was issued by SEBI under the provisions of section 11 (1) of the SEBI Act 1992 and section 19 of the Depositories Act 1996. Also, the same aims to protect the interest of investors in securities and to promote the development and regulation of the financial market.
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