OBLIGATIONS OF DESIGNATED DEPOSITORY PARTICIPANTS IN INSPECTION :

– It shall be the duty of the designated depository participants whose affairs are being inspected, and of every director, officer and employee thereof :-

– to produce such books, securities, accounts, records and other documents in its custody or control to the inspecting officer and

– furnish such statements and information relating to its activities, as the inspecting officer may require, within such reasonable period as the inspecting officer may specify.

– The designated depository participants shall allow

– the inspecting officer to have reasonable access to the premises occupied by such designated depository participant or by any other person on its behalf and

– also extend reasonable facility for examining any books, records, documents and computer data in the possession of the designated depository participants or such other person and Lesson

– provide copies of documents or other materials which in the opinion of the inspecting officer are relevant for the purposes of the inspection.

– The inspecting officer, in the course of inspection, shall be entitled to examine or to record the statements of any director, officer or employee of the designated depository participants.

– It shall be the duty of every director, officer or employee of the designated depository participants to give to the inspecting officer all assistance in connection with the inspection, which the inspecting officer may  reasonably require.