Appointment of compliance officer ensures monitoring of regulatory compliance and independent reporting of non compliance to the board. Every banker to an issue must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, ... Summary
Appointment of compliance officer ensures monitoring of regulatory compliance and independent reporting of non compliance to the board.
Every banker to an issue must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or the Central Government and for redressal of investors' grievances. The compliance officer shall immediately and independently report to the Board any non compliance observed by him.
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