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        SEBI

        Regulation 20 - Appointment of auditor

        Securities and Exchange Board of India (Self Regulatory Organisations) Regulations, 2004
        Chapter IV
        INSPECTION AND AUDIT

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        Appointment of auditor empowers the board to order inspections of SRO accounts and recover audit expenses. The Board may appoint a qualified auditor to inspect an SRO's books of account and affairs with the same powers as the inspecting authority, and the SRO's inspection-related obligations apply to such audits; the Board may recover from the SRO the expenses incurred for the audit or inspection, including auditors' fees.
                        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.

                              Appointment of auditor empowers the board to order inspections of SRO accounts and recover audit expenses.

                              The Board may appoint a qualified auditor to inspect an SRO's books of account and affairs with the same powers as the inspecting authority, and the SRO's inspection-related obligations apply to such audits; the Board may recover from the SRO the expenses incurred for the audit or inspection, including auditors' fees.


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