Compliance officer requirement: custodians must monitor regulatory compliance and immediately report any non-compliance to the Board. Every custodian must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or Central Government and for redressal of investors' grievances; the compliance officer must immediately and independently report any observed non-compliance to the Board.
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.
Compliance officer requirement: custodians must monitor regulatory compliance and immediately report any non-compliance to the Board.
Every custodian must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or Central Government and for redressal of investors' grievances; the compliance officer must immediately and independently report any observed non-compliance to the Board.
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