Regulation 38 - Board’s right to investigate. - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997

CHAPTER V INVESTIGATION AND ACTION BY THE BOARD Board s right to investigate. 38. The Board may appoint one or more persons as investigating officer to undertake investigation for any of the following purposes, namely:- (a) to investigate into the complaints received from the investors, the intermediaries or any other person on any matter having a bearing on the allegations of substantial acquisition of shares and takeovers ; (b) to investigate suo motu upon its own knowledge or information, in the interest of the securities market or investors interest, for any breach of the regulations ; (c) to ascertain whether the provisions of the Act and the regulations are being complied with for any breach of the regulations.