Obligations of Portfolio Manager on inspection

(1) Duty to produce documents and furnish information: It shall be the duty of every director, partner, officer and employee of the portfolio manager who is being inspected to provide to the inspecting authority such books, accounts and other documents in his custody or control and furnish him with the statements and information relating to its activities as a portfolio manager within such time as the inspecting authority may require. (2) Access to premises and records: The portfolio manager shall allow the inspecting authority to have a reasonable access to the premises occupied by such portfolio manager 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 portfolio manager or any such other person and also provide copies of documents or other material which in the opinion of the inspecting authority are relevant for the purposes of the inspection. (3) Examination and recording of statement: The inspecting authority, during the course of inspection, shall be entitled to examine or record statements of any principal officer, director, partner and employee of the portfolio manager. (4) Duty to provide assistance: It shall be the duty of every director, partner, officer or employee of the portfolio manager to give to the inspecting authority all assistance in connection with the inspection which the portfolio manager may reasonably be expected to give.