Auditor appointment: SEBI may appoint a qualified auditor to inspect merchant bankers, with inspection powers and compliance duties. SEBI may appoint a qualified auditor to investigate the books of account and affairs of merchant bankers; the auditor has the same inspection powers as the inspecting authority and the investigation is subject to the merchant banker's regulatory obligations. 'Qualified auditor' is defined by reference to the Companies Act, 2013.
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Provisions expressly mentioned in the judgment/order text.
Auditor appointment: SEBI may appoint a qualified auditor to inspect merchant bankers, with inspection powers and compliance duties.
SEBI may appoint a qualified auditor to investigate the books of account and affairs of merchant bankers; the auditor has the same inspection powers as the inspecting authority and the investigation is subject to the merchant banker's regulatory obligations. "Qualified auditor" is defined by reference to the Companies Act, 2013.
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