Regulation 21 - Board's right to inspect - Securities and Exchange Board of India (Custodian) Regulations, 1996

CHAPTER IV INSPECTION AND AUDIT Board's right to inspect. 21. (1) The Board may appoint one or more persons as inspecting officer to undertake inspection of the hooks of account, records and documents of the 1 [ custodian ] for any of the following purposes, namely:─ (a) to ensure that the books of account, records and documents are being maintained by the 1 [ custodian ] in the manner specified in these regulations; (b) to investigate into complaints received from investors, clients or any other person, on any matter having a bearing on the activities of the 1 [ custodian ] ; (c) to ascertain whether the provisions of the Act and these regulations are being complied with by the 1 [ custodian ] ; and (d) to investigate suo motu into the affairs of the 1 [ custodian ] in the interest of the securities market or in the interest of investors. *************** NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities