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Section 20

the Securities and Exchange Board of India (Underwriters) Regulations, 1993. Last amended on March 6, 2017Central Regulations · 1992

(1) Before undertaking an inspection under regulation 19, the Board shall give a reasonable notice to the underwriter, for that purpose.

(2) Notwithstanding anything contained in sub-regulation (1), where the Board is satisfied that in the interest of the investors or in the public interest no such notice should be given, it may by an order in writing direct that the inspection of the affairs of the underwriter be taken up without such notice.

(3) On being empowered by the Board, the inspecting authority shall undertake the inspection and the underwriter against whom an inspection is being carried out shall be bound to discharge his obligations as provided under regulation 21.

Obligations of underwriter on inspection by the Board.

Where this provision sits

Actthe Securities and Exchange Board of India (Underwriters) Regulations, 1993. Last amended on March 6, 2017
Section20
JurisdictionCentral
StatusIn force as published by the source

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