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          <h1>Securities Board can inspect custodians without notice for investor protection, overriding the usual 10-day notice requirement.</h1> Regulation 22 of the Securities and Exchange Board of India (Custodian) Regulations, 1996, mandates that the Board must provide a minimum of ten days' notice to a custodian before initiating an inspection under regulation 21. However, if the Board deems it necessary for investor protection, it can order an inspection without prior notice. During the inspection, the custodian must fulfill obligations outlined in regulation 23. The term 'custodian' was updated in a 2019 notification, replacing the previous term 'custodian of securities.'

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