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        SEBI

        Regulation 42 - Board to recover the expenses

        Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
        Chapter VII
        INSPECTION

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        Recovery of inspection expenses: regulator may recover inspection and auditor costs from designated depository participants or applicants. The Board is authorised to recover from designated depository participants or applicants expenses, including fees paid to auditors, incurred for inspecting or investigating books of account, records, documents, infrastructure, systems, procedures or the affairs of those designated depository participants or applicants.
                          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.

                                Recovery of inspection expenses: regulator may recover inspection and auditor costs from designated depository participants or applicants.

                                The Board is authorised to recover from designated depository participants or applicants expenses, including fees paid to auditors, incurred for inspecting or investigating books of account, records, documents, infrastructure, systems, procedures or the affairs of those designated depository participants or applicants.


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