Notice before inspection permits inspections with reasonable notice but allows no-notice inspections when investor interest requires. Notice before inspection requires the Board to provide reasonable notice to a portfolio manager before undertaking an inspection, but the Board may order ... Summary
Securities And Exchange Board of India (Portfolio Managers) Regulations, 2020
Notice before inspection permits inspections with reasonable notice but allows no-notice inspections when investor interest requires.
Notice before inspection requires the Board to provide reasonable notice to a portfolio manager before undertaking an inspection, but the Board may order an inspection without notice if it is satisfied that doing so is necessary in the interest of investors; the portfolio manager under inspection must discharge the obligations applicable to inspections under the relevant regulatory provision.
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