Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI power to inspect mutual funds, trustees and AMCs for books, systems and investor protection, enabling enforcement</h1> SEBI may appoint one or more inspecting officers to inspect or investigate the books of account, records, documents, infrastructure, systems and procedures, or the affairs of a mutual fund, its trustees and its asset management company; this empowers verification that books are maintained as prescribed. The officers may ascertain compliance with the Act and these regulations, enabling enforcement of statutory obligations. They may assess adequacy of systems, procedures and safeguards, enabling identification of operational deficiencies. They may investigate investor or other complaints, enabling remedial action, and may suo-motu examine conduct to ensure activities are in the interest of unitholders and the securities market.
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