Regulation 52 - Board’s right to inspect and investigate - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

CHAPTER VII INSPECTION AND AUDIT Board s right to inspect and investigate 52. (1) The Board may appoint one or more persons as Inspecting Officer to undertake the inspection of the books of account, records, documents and infrastructure, systems and procedures or to investigate the affairs of the trustee and Collective Investment Management Company for any of the following purposes, namely: (a) to ensure that the books of account are being maintained by the Collective Investment Management Company in the manner specified in these regulations; (b) to ascertain whether the provisions of the Act and these regulations are being complied with by the trustee and Collective Investment Management Company; (c) to ascertain whether the systems, procedures and safeguards followed by the Collective Investment Management Company are adequate; (d) to investigate into the complaints received from the investors or any other person on any matter having a bearing on the activities of the trustee and Collective Investment Management Company.