Appointment of compliance officer ensures monitoring of regulatory compliance and independent reporting of non compliance to the board. Every banker to an issue must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or the Central Government and for redressal of investors' grievances. The compliance officer shall immediately and independently report to the Board any non compliance observed by him.
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.
Appointment of compliance officer ensures monitoring of regulatory compliance and independent reporting of non compliance to the board.
Every banker to an issue must appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or the Central Government and for redressal of investors' grievances. The compliance officer shall immediately and independently report to the Board any non compliance observed by him.
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