Right of inspection enables Board-appointed inspectors to examine intermediary records to ensure regulatory compliance and investor protection. The Board may appoint inspecting authorities to examine the books, accounts, records including telephone and electronic records and documents of an intermediary to verify required maintenance of records, assess adequacy and operation of internal control systems, determine fitness or eligibility, ensure compliance with securities laws and related directions, investigate investor or client complaints, and conduct suo motu inquiries in the interest of investors or the securities market.
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.
Right of inspection enables Board-appointed inspectors to examine intermediary records to ensure regulatory compliance and investor protection.
The Board may appoint inspecting authorities to examine the books, accounts, records including telephone and electronic records and documents of an intermediary to verify required maintenance of records, assess adequacy and operation of internal control systems, determine fitness or eligibility, ensure compliance with securities laws and related directions, investigate investor or client complaints, and conduct suo motu inquiries in the interest of investors or the securities market.
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