Board inspection powers enable regulators to examine depository participant records and probe compliance to protect investors. Board's right to inspect empowers the Securities and Exchange Board to appoint inspecting authorities, suo moto or on complaints, to examine books, telephone and electronic records and documents of a designated depository participant to verify maintenance of records, compliance with securities laws and directions, adequacy of systems, procedures and safeguards, and to assess fitness, investigate complaints and conduct suo moto inquiries in the interest of market integrity and investor protection.
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 powers enable regulators to examine depository participant records and probe compliance to protect investors.
Board's right to inspect empowers the Securities and Exchange Board to appoint inspecting authorities, suo moto or on complaints, to examine books, telephone and electronic records and documents of a designated depository participant to verify maintenance of records, compliance with securities laws and directions, adequacy of systems, procedures and safeguards, and to assess fitness, investigate complaints and conduct suo moto inquiries in the interest of market integrity and investor protection.
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