(1) For the purpose of carrying out regulation and monitoring pursuant to Section 84, the Board may, on its own or by delegating any of the powers conferred to it to any one else, as required, make, or cause to be made, inspection or inquiry in relation to whether or not the stock exchanges, securities business persons, formal agents of securities business persons and bodies corporate which have listed their securities have complied
to this Act or the Rules, Bye-laws and directives framed under this Act or orders or directives issued thereunder, in the course of carrying out activities relating to securities.
(2) In making inspection and inquiry pursuant to subsection (1), the Board or the authorized person may inspect and inquire into any information, data, documents, records and statements held by the concerned stock
exchanges, securities business persons, formal agents of securities business persons and bodies corporate which have listed their securities or inquire into any concerned persons or record their statements.
(3) After making inspection and inquiry pursuant to subsection (2), the Board shall prepare and retain a report thereof. Where inspection and inquiry has been made by a person authorized by the Board, such a person shall prepare a report of such an inspection and inquiry and submit it to the Board.
(4) The procedures to be followed in making inspection and inquiry pursuant to Sub-section (1) and the manner to be followed in preparing a report  to be submitted after such inspection and inquiry shall be as prescribed.