Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Board inspection powers enable examination of records and systems to ensure compliance and investor protection. The Board may appoint inspecting officers to examine books of account, records, documents, infrastructure, systems and procedures, or investigate the affairs of a depository, participant, beneficial owner, issuer or its agent to verify maintenance of books, examine complaints, assess compliance with the Act, the Depositories Act, bye laws, agreements and regulations, evaluate adequacy of systems and safeguards, and to conduct suo motu inquiries to ensure affairs are conducted in the interest of investors and market integrity.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Board inspection powers enable examination of records and systems to ensure compliance and investor protection.
The Board may appoint inspecting officers to examine books of account, records, documents, infrastructure, systems and procedures, or investigate the affairs of a depository, participant, beneficial owner, issuer or its agent to verify maintenance of books, examine complaints, assess compliance with the Act, the Depositories Act, bye laws, agreements and regulations, evaluate adequacy of systems and safeguards, and to conduct suo motu inquiries to ensure affairs are conducted in the interest of investors and market integrity.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
