Board inspection powers: regulators may appoint inspectors to examine custodians' books for compliance and complaint investigations. Regulation 21 empowers the Board to appoint inspecting officers to inspect a custodian's books of account, records and documents to ensure records are maintained as required, investigate investor or client complaints and ascertain compliance with the Act and regulations, and to conduct suo motu inquiries in the interest of the securities market or investors; the term 'custodian' substitutes the earlier phrase 'custodian of securities.'
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 inspection powers: regulators may appoint inspectors to examine custodians' books for compliance and complaint investigations.
Regulation 21 empowers the Board to appoint inspecting officers to inspect a custodian's books of account, records and documents to ensure records are maintained as required, investigate investor or client complaints and ascertain compliance with the Act and regulations, and to conduct suo motu inquiries in the interest of the securities market or investors; the term "custodian" substitutes the earlier phrase "custodian of securities."
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