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        SEBI

        Regulation 29 - Appointment of Auditor

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

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        Appointment of auditor allows board to order qualified auditor to investigate portfolio manager books with inspection powers. Board may appoint a qualified auditor to investigate a portfolio manager's books and affairs; the auditor exercises the same inspection powers as the inspecting authority under regulation 24 and investigations are subject to the portfolio manager and employees' obligations under regulation 26. The term 'qualified auditor' is defined consistently with the statutory definition referenced in the regulation.
                      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 allows board to order qualified auditor to investigate portfolio manager books with inspection powers.

                            Board may appoint a qualified auditor to investigate a portfolio manager's books and affairs; the auditor exercises the same inspection powers as the inspecting authority under regulation 24 and investigations are subject to the portfolio manager and employees' obligations under regulation 26. The term "qualified auditor" is defined consistently with the statutory definition referenced in the regulation.


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