Regulation 42 - Obligations of special purpose distinct entities on inspection
Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter VIII INSPECTION AND DISCIPLINARY PROCEEDINGS
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Inspection obligations: directors and agents must produce records and grant reasonable access and assistance during regulatory inspections. Regulation 42 requires directors, trustees, officers, employees, servicers and other agents of a special purpose distinct entity to produce books, records and statements on regulated activities to the inspecting authority within specified times, permit reasonable access to premises, and facilitate examination of books, records, documents, computer systems and data including providing copies deemed relevant. The inspecting authority may examine or record statements of principal officers, directors, partners, proprietors and employees, and all persons inspected must provide reasonable assistance to the inspecting authority.
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 obligations: directors and agents must produce records and grant reasonable access and assistance during regulatory inspections.
Regulation 42 requires directors, trustees, officers, employees, servicers and other agents of a special purpose distinct entity to produce books, records and statements on regulated activities to the inspecting authority within specified times, permit reasonable access to premises, and facilitate examination of books, records, documents, computer systems and data including providing copies deemed relevant. The inspecting authority may examine or record statements of principal officers, directors, partners, proprietors and employees, and all persons inspected must provide reasonable assistance to the inspecting authority.
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