Ch.3 · Custodian and RTA Functions · medium
What is the 'inspection' power of SEBI over mutual funds?
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EXPLANATION
SEBI has broad inspection powers under the SEBI Act — it can inspect books, accounts, records, and documents of AMCs, trustees, custodians, RTAs, and distributors to verify regulatory compliance. SEBI can conduct inspections suo motu (on its own initiative) or based on complaints, and can investigate potential violations.
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