Board's right to inspect enables regulatory inspection of AIF records to ensure compliance and protect investors. The Board may appoint Inspecting Authorities, suo motu or on receipt of information or complaint, to inspect the books of account, records and documents of an Alternative Investment Fund to ensure recordkeeping as specified, inspect investor or other complaints bearing on fund activities, ascertain compliance with the Act and these regulations, and undertake suo motu inspections 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.
Board's right to inspect enables regulatory inspection of AIF records to ensure compliance and protect investors.
The Board may appoint Inspecting Authorities, suo motu or on receipt of information or complaint, to inspect the books of account, records and documents of an Alternative Investment Fund to ensure recordkeeping as specified, inspect investor or other complaints bearing on fund activities, ascertain compliance with the Act and these regulations, and undertake suo motu inspections in the interest of the securities market or investors.
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