Stock broker inspection: Board-appointed inspectors review recordkeeping and compliance; joint inspections with market entities are permitted. Regulation 27 empowers the Board to appoint inspecting authorities to inspect a stock broker's books of account and other records to ensure proper maintenance of records and compliance with the Act, the Securities Contracts (Regulation) Act, 1956, and related rules, regulations and circulars; it also permits the Board to carry out joint inspections with a recognised stock exchange, clearing corporation or depository in a manner as may be specified.
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Provisions expressly mentioned in the judgment/order text.
Stock broker inspection: Board-appointed inspectors review recordkeeping and compliance; joint inspections with market entities are permitted.
Regulation 27 empowers the Board to appoint inspecting authorities to inspect a stock broker's books of account and other records to ensure proper maintenance of records and compliance with the Act, the Securities Contracts (Regulation) Act, 1956, and related rules, regulations and circulars; it also permits the Board to carry out joint inspections with a recognised stock exchange, clearing corporation or depository in a manner as may be specified.
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