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<h1>SEBI Empowers Inspectors Under Regulation 21 of 1996 Custodian Regulations to Ensure Compliance and Protect Investors' Interests</h1> The Securities and Exchange Board of India (SEBI) under Regulation 21 of the 1996 Custodian Regulations grants the Board authority to appoint inspecting officers to review the books, records, and documents of custodians. This inspection aims to ensure compliance with regulations, investigate complaints from investors or other parties, verify adherence to legal provisions, and conduct investigations in the interest of the securities market or investors. The regulation ensures custodians maintain proper documentation and operate within the legal framework to protect market integrity and investor interests.