Board inspection powers over mutual funds to ensure compliance, system adequacy and investigation of investor complaints. Regulation 61 empowers the Board to appoint inspecting officers to inspect books, records, documents, infrastructure, systems and procedures or to investigate the affairs of a mutual fund, its trustees and asset management company. Inspections and investigations serve to verify required maintenance of accounts, ascertain compliance with the Act and these regulations, assess adequacy of systems and safeguards, determine any violations, probe investor complaints, and conduct suo motu inquiries to ensure affairs are run in the interest of investors and the securities market.