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<h1>SEBI Can Appoint Auditor Under Section 226 of Companies Act to Investigate Registrar and Share Transfer Agent</h1> The Securities and Exchange Board of India (SEBI) is authorized to appoint an auditor, qualified under section 226 of the Companies Act, 1956, to investigate the books of account or affairs of a registrar to an issue and share transfer agent. The appointed auditor will possess the same powers as the inspecting authority as outlined in regulation 16, and the registrar's obligations under regulation 18 will apply to the investigation.