Clause 66

The principal Act is amended by inserting, immediately after section 239A, the following section:“Modification of provisions to certain offers239B. The Authority may, if it thinks it necessary in the interest of the public or a section of the public or for the protection of investors, by regulations modify or adapt the provisions of this Division in their application to such offer of securities as may be prescribed, and the provisions of this Division shall apply to such offer subject to such modifications or adaptations.”.