Board's inspection power ensures underwriter records are examined to secure compliance and address investor complaints. Board may appoint one or more inspecting authorities to examine an underwriter's books of account, records and documents to ensure required maintenance of ... Summary
Referred In :
Securities and Exchange Board of India (Underwriters) Regulations, 1993
Board's inspection power ensures underwriter records are examined to secure compliance and address investor complaints.
Board may appoint one or more inspecting authorities to examine an underwriter's books of account, records and documents to ensure required maintenance of books, compliance with the Act, rules and regulations, to investigate complaints from investors or other persons about the underwriter's activities, and to conduct suo motu investigations in the interest of securities business or investor protection.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.