Section 15: Powers to enter and search the premises.⸻ (1) The Regulator or any officer authorized

15. Powers to enter and search the premises.⸻ (1) The Regulator or any officer authorized in this behalf may, for the purpose of making any investigation, enter any premises, where the Regulator or such authorized officer, as the case may be, has reasons to believe that any article, books of account, computer hardware or software, data recording devices or other document relating to the subject matter of investigation may be found and may— (a) search such premises and inspect any article, books of account, computer hardware or software, data recording devices or other document; (b) take extracts or copies of such articles, books of account or any software data; (c) impound or seal such books of account, computer hardware or software, data recording devices or other documents; and (d) make inventory of such articles, books of account, computer hardware or software, data recording devices or other documents found in such premises. (2) All searches made under sub­section (1) shall be carried out, mutatis mutandis, in accordance with provisions of the Code of Criminal Procedure, 1898 (Act V of 1898). (3) Before taking any action under this section, the Regulator shall submit to the 1[secretary of the division to which business of this Act stands allocated] in writing the evidence and reasons for taking the said action.

Effective date: 2013-01-01

Related sections