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<h1>SEBI Amends Custodian Regulations: New Audit Powers and Cost Recovery Measures Introduced under Regulations 25A and 25B.</h1> The Securities and Exchange Board of India (SEBI) has amended the Custodian of Securities Regulations, 1996, effective upon publication in the Official Gazette. The amendments introduce Regulation 25A, empowering SEBI to appoint auditors to inspect or investigate the accounts, records, and affairs of applicants or custodians. These auditors will possess the same authority as inspecting officers under Regulation 21, and the parties involved must comply with obligations outlined in Regulation 23. Regulation 25B allows SEBI to recover expenses, including auditor fees, from the custodian or applicant for inspection-related activities.