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<h1>Securities Board Can Inspect SROs Without Notice if Public or Investor Interest Requires Immediate Action, Regulation 17</h1> Regulation 17 of the Securities and Exchange Board of India (Self Regulatory Organisations) Regulations, 2004, outlines the procedure for inspection. The Board must typically provide reasonable notice to a Self Regulatory Organization before conducting an inspection. However, if the Board determines that investor or public interest necessitates immediate action, it can order an inspection without prior notice. Once authorized, the inspecting authority conducts the inspection, and the Self Regulatory Organization is required to fulfill its obligations as specified in regulation 18.