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INSPECTION OR INVESTIGATION

INSPECTION OR INVESTIGATION :

SEBI may, suo moto or upon receipt of information or complaint, cause an inspection or investigation to be made in respect of conduct and affairs of any foreign venture capital investor by an Officer whom SEBI considers fit:

(i) to ensure that the books of account, records and documents are being maintained by the foreign venture capital investor in the manner specified in these regulations and to inspect or investigate into complaints received from investors, clients or any other person, on any matter having a bearing on the activities of the foreign venture capital investor;

(ii) to ascertain whether the provisions of the Act and these regulations are being complied with by the foreign venture capital investor and to inspect or investigate suo moto into the affairs of a foreign venture capital investor in the interest of the securities market or in the interest of investors.

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