Notice before inspection: prior notice is required but may be waived to protect investor interests; duties continue during inspection. Regulation 24 requires the Board to give prior notice to an investment adviser before ordering an inspection, but allows the Board by written order to ... Summary
Securities and Exchange Board of India (Investment Advisers) Regulations 2013
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Notice before inspection: prior notice is required but may be waived to protect investor interests; duties continue during inspection.
Regulation 24 requires the Board to give prior notice to an investment adviser before ordering an inspection, but allows the Board by written order to waive that notice where immediate action is necessary in the interest of investors; it also requires the investment adviser subject to inspection to discharge its obligations during the inspection process.
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