Qualified auditor investigations may use equivalent inspection powers while merchant banker obligations govern regulatory examination. SEBI may appoint a qualified auditor to investigate a merchant banker's books of account or affairs. The appointed auditor exercises the powers available ... Summary
Qualified auditor investigations may use equivalent inspection powers while merchant banker obligations govern regulatory examination.
SEBI may appoint a qualified auditor to investigate a merchant banker's books of account or affairs. The appointed auditor exercises the powers available to the inspecting authority under regulation 29, and the merchant banker must comply with the obligations applicable to inspection under regulation 31. A qualified auditor has the meaning assigned under section 141 of the Companies Act, 2013.
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