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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Securities Board Can Initiate Immediate Inspections for Investor Protection Without Notice Under Regulation 53, Despite 10-Day Rule.</h1> Regulation 53 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, mandates that the Board must provide a minimum of ten days' notice to a Collective Investment Management Company or trustee before initiating an inspection under regulation 52. However, if the Board deems it necessary for investor protection, it can order an immediate inspection or investigation without prior notice. During such proceedings, the involved trustee or company is obligated to fulfill their duties as outlined in regulation 54.
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