Board inspection power to appoint officers for investigating venture capital funds to ensure compliance and protect investors. Board may appoint one or more inspecting or investigating officers suo motu or upon receipt of information or complaint to examine books of account, records and documents of a venture capital fund to ensure prescribed maintenance of records, investigate investor or other complaints, verify compliance with the Act and Regulations, and to act in the interest of the securities market or investors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Board inspection power to appoint officers for investigating venture capital funds to ensure compliance and protect investors.
Board may appoint one or more inspecting or investigating officers suo motu or upon receipt of information or complaint to examine books of account, records and documents of a venture capital fund to ensure prescribed maintenance of records, investigate investor or other complaints, verify compliance with the Act and Regulations, and to act in the interest of the securities market or investors.
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