law: The Pension Fund Regulatory and Development Authority Act, 2013
  16.
  
     Power
  
  of investigation.
  1.  
  
    Where
  
  the Authority has a reasonable ground to believe that-
  a.   the activities of the
  
  pension fund are being conducted in a manner detrimental to the interest of the
  
  subscriber; or
  b.   any intermediary or
  
  any person associated with the schemes of the pension fund has violated any of
  
  the provisions of this Act or the rules or the regulations made or directions
  
  issued by the Authority there under, it may, at any time, by order in writing,
  
  direct any person (hereafter in this section referred to as the Investigating
  
  Authority) specified in the order to investigate the affairs of such
  
  intermediary or persons associated with the pension fund and to report thereon
  
  to the Authority.
  1.  
  
  
  2.  Without
  
  prejudice to the provisions contained in sections 235 to 241 of the Companies
  
  Act, 1956, it shall be the duty of every manager, managing director, officer
  
  and other employee of the company, in case of a company and every intermediary
  
  or persons or entity referred to in section 27 or every person associated with
  
  the pension fund to preserve and to produce to the Investigating Authority or
  
  any person authorised by him in this behalf, all the books, registers, other
  
  documents and record of, or relating to, the company or, as the case may be, of
  
  or relating to, the intermediary or such person, which are in their custody or
  
  power.
  3.  The
  
  Investigating Authority may require any intermediary or any person or entity
  
  associated with the pension fund in any manner to furnish such information to,
  
  or produce such books, or other documents, or record before him or any person
  
  authorised by him in this behalf as he may consider necessary if the furnishing
  
  of such information or the production of such books, or register, or other
  
  documents, or record is relevant or necessary for the purposes of its
  
  investigation.
  4.  
  
    The
  
  Investigating Authority may keep in its custody any books, registers, other
  
  documents and record produced under sub-section ( 2) or sub-section (3) for six
  
  months and thereafter shall return the same to any intermediary or any person
  
  associated or entity with the pension fund by whom or on whose behalf the
  
  books, registers, other documents and record are produced:
  Provided that the
  
  Investigating Authority may call for any book, register, other documents and
  
  record if they are required again:
  Provided further that
  
  if the person on whose behalf the books, registers, other documents and record
  
  are produced requires certified copies of the books, registers, other documents
  
  or record produced before the Investigating Authority, it shall give certified
  
  copies of such books, registers, other documents or, as the case may be, record
  
  to such person or on whose behalf the books, registers, other documents and
  
  record were produced.
  1.  
  2.  
  3.  
  4.  
  5.   Any person, directed
  
  to make an investigation under sub-section ( 1 ), may examine on oath any
  
  intermediary or any person associated with the pension fund in any manner, in
  
  relation to the affairs of his business and may administer an oath accordingly
  
  and for that purpose may require any of those persons to appear before him
  
  personally.
  6.   Notes of any
  
  examination under sub-section ( 5 ) shall be taken down in writing and
  
  shall be read over to, or by, and signed by, the person examined, and may
  
  thereafter be used in evidence against him.
  7.   If any person fails
  
  without reasonable cause or refuses-
  a.  
  
    to
  
  produce to an Investigating Authority or any person authorised by him in this
  
  behalf any book, register, other document or record which it is his duty under
  
  subsection ( 2 ) or sub-section ( 3 ) to furnish; or
  b.  
  
    to
  
  furnish any information which it is his duty under sub-section ( 3 ) to
  
  furnish; or
  c.  
  
    to
  
  appear before the Investigating Authority personally when required to do so
  
  under sub-section ( 5 ) or to answer any question which is put to him by
  
  the Investigating Authority in pursuance of that sub-section; or
  d.  
  
    to
  
  sign the notes of any examination referred to in sub-section ( 6 ), he
  
  shall be punishable with imprisonment for a term which may extend to one year,
  
  or with fine, which may extend to twenty-five crore rupees, or with both, and
  
  also with a further fine which may extend to ten lakh rupees for every day
  
  after the first day during which the failure or refusal continues.