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of <h1>Regulation 20 allows surprise inspections of stock brokers if prior notice harms investors' or public interest.</h1> Regulation 20 of the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 outlines the procedure for inspecting stock brokers. The Board must generally provide reasonable notice before conducting an inspection. However, if the Board believes that notifying the stock broker would not serve the investors' or public interest, it can order an inspection without prior notice. Once authorized, the inspecting authority will proceed with the inspection, and the stock broker is required to fulfill their obligations as specified in regulation 21.
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