Board's right to inspect: authority to appoint inspecting officers to examine records and ensure compliance and investor protection. Board may appoint inspecting officers to examine books, records, documents, infrastructure, systems and procedures, and to investigate the affairs of a ... Summary
Board's right to inspect: authority to appoint inspecting officers to examine records and ensure compliance and investor protection.
Board may appoint inspecting officers to examine books, records, documents, infrastructure, systems and procedures, and to investigate the affairs of a depository, participant, beneficial owner, issuer or its agent to ensure books are maintained as required, to assess adequacy of systems and safeguards, to investigate complaints, to ascertain compliance with the Act, the Depositories Act, bye laws, agreements and regulations, and to act suo motu to protect investors and the securities market.
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