Inspection notice requirement: prior notice is required for KRA inspections unless investor interest permits unannounced inspection. The Board must ordinarily give not less than ten days' notice before inspecting a KYC Registration Agency; however, the Board may order an inspection ... Summary
Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011
Inspection notice requirement: prior notice is required for KRA inspections unless investor interest permits unannounced inspection.
The Board must ordinarily give not less than ten days' notice before inspecting a KYC Registration Agency; however, the Board may order an inspection without notice if investor interest demands. Once empowered, the inspecting authority shall undertake the inspection and the KRA under inspection is required to discharge its obligations and cooperate with ensuing regulatory processes.
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