Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual funds: regulator may appoint inspectors to examine books, systems, compliance, complaints, and unitholder interest. The Board may appoint inspecting officers to inspect books of account, records, documents, infrastructure, systems and procedures, or to investigate the affairs of a mutual fund, the trustees and the asset management company to verify prescribed maintenance of books, ascertain compliance with the Act and these regulations, assess adequacy of systems and safeguards, investigate investor or other complaints, and conduct suo motu examinations as to whether affairs are conducted in the interest of unitholders or the securities market.
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.
Mutual funds: regulator may appoint inspectors to examine books, systems, compliance, complaints, and unitholder interest.
The Board may appoint inspecting officers to inspect books of account, records, documents, infrastructure, systems and procedures, or to investigate the affairs of a mutual fund, the trustees and the asset management company to verify prescribed maintenance of books, ascertain compliance with the Act and these regulations, assess adequacy of systems and safeguards, investigate investor or other complaints, and conduct suo motu examinations as to whether affairs are conducted in the interest of unitholders or the securities market.
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