Auditor appointment empowers scrutiny of portfolio managers' accounts and affairs, with inspection powers and corresponding compliance obligations. The Board may appoint a qualified auditor, in addition to an inspecting authority, to inspect or investigate a portfolio manager's books of account or ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
Auditor appointment empowers scrutiny of portfolio managers' accounts and affairs, with inspection powers and corresponding compliance obligations.
The Board may appoint a qualified auditor, in addition to an inspecting authority, to inspect or investigate a portfolio manager's books of account or affairs. The appointed auditor exercises the powers of the inspecting authority, and the portfolio manager must comply with the applicable inspection-related obligations.
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