law: Foreign Exchange Management Act, 1999 
  12. Power of Reserve Bank to inspect authorized person 
  (1) The Reserve Bank may, at any time, cause an inspection to be
  
  made, by any officer of the Reserve Bank specially authorized in writing by the
  
  Reserve Bank in this behalf, of the business of any authorized person as may
  
  appear to it to be necessary or expedient for the purpose of- 
  1. verifying the
  
  correctness of any statement, information or particulars furnished to the
  
  Reserve Bank;
  2. obtaining any
  
  information or particulars which such authorized person has failed to furnish
  
  on being called upon to do so;
  3. securing compliance
  
  with the provisions of this Act or of any rules, regulations, directions or
  
  orders made thereunder .
  (2) It shall be the duty of every authorized person, and where
  
  such person is a company or a firm, every director, partner or other officer of
  
  such company or firm, as the case may be, to produce to any officer making an
  
  inspection under sub-section (1), such books, accounts and other documents in
  
  his custody or power and to furnish any statement or information relating to
  
  the affairs of such person, company or firm as the said officer may require
  
  within such time and in such manner as the said officer may direct.