Inspection authority: Board may appoint inspectors to review merchant bankers' books and investigate compliance or complaints. The Board may appoint one or more persons as an inspecting authority to inspect a merchant banker's books, records and documents. Inspections serve to ... Summary
Referred In :
Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
Inspection authority: Board may appoint inspectors to review merchant bankers' books and investigate compliance or complaints.
The Board may appoint one or more persons as an inspecting authority to inspect a merchant banker's books, records and documents. Inspections serve to ensure proper maintenance of books, verify compliance with the Act, rules and regulations, investigate complaints from investors or others about the merchant banker's activities, and to undertake suo motu investigations in the interest of securities business or investor protection.
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