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of <h1>SEBI Can Appoint Investigators Under Regulation 38 for Complaints on Share Acquisition and Takeovers to Protect Investors</h1> The Securities and Exchange Board of India (SEBI) under Regulation 38 of the Substantial Acquisition of Shares and Takeovers Regulations, 1997, has the authority to appoint investigating officers to conduct investigations. These investigations can be initiated based on complaints from investors, intermediaries, or others concerning substantial acquisition of shares and takeovers, or they can be conducted suo motu by SEBI to protect the securities market or investors' interests. Additionally, investigations aim to ensure compliance with the Act and regulations, addressing any breaches that may occur.
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