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        SEBI

        Regulation 24 - Appointment of Auditor

        Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993
        Chapter IV
        INSPECTION AND DISCIPLINARY PROCEEDINGS

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        Appointment of auditor empowers the Board to commission a qualified auditor with inspection powers over debenture trustees. Regulation 24 empowers the Board to appoint a qualified auditor to investigate a debenture trustee's records or affairs; the auditor holds the same inspection powers as the inspecting authority in regulation 19 and the investigation is subject to the debenture trustee's obligations under regulation 21, with 'qualified auditor' defined by the Companies Act provision.
                      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 auditor empowers the Board to commission a qualified auditor with inspection powers over debenture trustees.

                            Regulation 24 empowers the Board to appoint a qualified auditor to investigate a debenture trustee's records or affairs; the auditor holds the same inspection powers as the inspecting authority in regulation 19 and the investigation is subject to the debenture trustee's obligations under regulation 21, with "qualified auditor" defined by the Companies Act provision.


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