Section 53

the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017Central Regulations · 1992

(1) Before ordering an inspection under regulation 52 the Board shall givenot less than ten days notice to the Collective Investment ManagementCompany or trustee as the case may be.

(2) Notwithstanding anything contained in sub-regulation (1), where the Boardis satisfied that in the interest of the investors no such notice is required to begiven, it may, by an order in writing direct that such inspection or investigationbe taken up immediately without any notice.

(3) During the course of inspection or investigation, the trustee or CollectiveInvestment Management Company against whom the inspection orinvestigation is being carried out shall be bound to discharge his obligationsas provided in regulation 54.

Obligations during inspection and investigation

Where this provision sits

Act	the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017
Section	53
Jurisdiction	Central
Status	In force as published by the source

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