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        SEBI

        Regulation 22 - Notice before inspection

        Securities and Exchange Board of India (Custodian) Regulations, 1996
        Chapter IV
        INSPECTION AND AUDIT

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        Inspection notice requirement can be waived to protect investors; custodians must comply with inspection obligations. The Board must give advance notice to the custodian before ordering an inspection, but may waive that notice when immediate action is required in the interests of investors; during inspection the custodian is required to fulfil its duties and cooperate with the inspection process, and the term for the regulated entity is confirmed as 'custodian.'
                        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.

                              Inspection notice requirement can be waived to protect investors; custodians must comply with inspection obligations.

                              The Board must give advance notice to the custodian before ordering an inspection, but may waive that notice when immediate action is required in the interests of investors; during inspection the custodian is required to fulfil its duties and cooperate with the inspection process, and the term for the regulated entity is confirmed as "custodian."


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