Inspection authority: Board may appoint inspectors to examine depository participants' books and compliance on receipt of information or complaint. The Board may suo motu or upon receipt of information or complaint appoint one or more persons as inspecting authority to inspect the books of account, records and documents of a designated depository participant to ensure maintenance of records, ascertain fitness or eligibility, inquire into complaints, verify compliance with securities laws and directions, assess adequacy of systems, procedures and safeguards, and investigate affairs in the interest of the securities market or investors.
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.
Inspection authority: Board may appoint inspectors to examine depository participants' books and compliance on receipt of information or complaint.
The Board may suo motu or upon receipt of information or complaint appoint one or more persons as inspecting authority to inspect the books of account, records and documents of a designated depository participant to ensure maintenance of records, ascertain fitness or eligibility, inquire into complaints, verify compliance with securities laws and directions, assess adequacy of systems, procedures and safeguards, and investigate affairs in the interest of the securities market or investors.
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