Board's inspection and investigation powers: permit suo moto or complaint based probes to ensure FVCI compliance and investor protection The Board may, suo-moto or on receipt of information or complaint, cause an inspection or investigation of any foreign venture capital investor by an Officer appointed by the Board to ensure books of account, records and documents are maintained as required, to investigate complaints affecting the investor's activities, to ascertain compliance with the Act and these regulations, and to act where inspection or investigation is necessary 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 inspection and investigation powers: permit suo moto or complaint based probes to ensure FVCI compliance and investor protection
The Board may, suo-moto or on receipt of information or complaint, cause an inspection or investigation of any foreign venture capital investor by an Officer appointed by the Board to ensure books of account, records and documents are maintained as required, to investigate complaints affecting the investor's activities, to ascertain compliance with the Act and these regulations, and to act where inspection or investigation is necessary in the interest of the securities market or investors.
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