Amendment status not verified — confirm the current text below against the official source.
Modification of Regulatory Sandbox.-(1) The Authority may, by notification in the Official Gazette, upon its own motion, or upon the recommendation of the Sandbox Operator, modify any of the exemptions or modifications of law provided in the notification made under section 13, in so far as it applies to any participant. (2) The Authority may, upon the recommendation of the Sandbox Operator, by notification in the Official Gazette, modify any of the terms and conditions imposed under section 12, insofar as it applies to any participant. (3)Authority may on application by the Sandbox operator, may modify the terms and conditions of Sandbox permission to such extent and in such manner as it deems fit. (4) Every notification issued under this section shall be laid before each house of the State Legislature. (5) Any modifications, made under sub-sections (1) and (2), shall not affect the validity of anything previously done by any applicant or participant under this Act.