the Securities and Exchange Board of India KYC (Know Your Client) REGISTRATION AGENCY Regulations, 2011.(last amended on March 6, 2017)Central Regulations · 1992
(1) The Board shall, after consideration of the inspection report, communicate the findings ofthe inspecting authority to the KRA, seek its comments on the same and if required, give itan opportunity of being heard.
(2) On receipt of the reply, if any, from the KRA, the Board may call upon him to take suchmeasures, as the Board may deem fit, in the interest of the securities market and for duecompliance with the provisions of the Act, and these regulations.
Action on inspection report
23. The Board shall after consideration of the inspection report take such action as providedunder Chapter V of the Intermediaries Regulations and in terms of the Act.
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