Regulation 20 - Right of Board to inspect - Securities and Exchange Board of India (Vault Managers) Regulations, 2021

CHAPTER V INSPECTION AND AUDIT Right of Board to inspect 20. The Board may appoint one or more persons as inspecting officer(s) to undertake inspection of the books of accounts, records, documents and deposits of gold of the Vault Manager for any purpose, including the following, namely: (a) to ensure that the books of account, records and documents are being maintained by the Vault Manager, in the manner specified in these regulations; (b) to examine the complaints, if any, received from investors or any other person on a matter having a bearing on the activities of the Vault Manager; (c) to ascertain whether the provisions of the Act, these regulations and circulars and guidelines issued thereunder are being complied with by the Vault Manager; (d) to inspect into the affairs of the Vault Manager in the interest of the securities market or in the interest of investors.