Section 28: Directorate of Inspection and Monitoring.

(1) Directorate of Inspection and Monitoring shall-
(a) monitor compliance with auditing, accounting, actuarial and valuation standards and guidelines reviewed and adopted by the Council;
(b) recommend through the Technical and Oversight Committee, sanctions as may be necessary for the Council's approval; and
(c) implement sanctions and fines as approved by the Council in subsection (1) (b) of this section;
(2) The Council shall appoint such number of inspectors as it may deem fit under the circumstances.
(3) In exercise of its powers under sub-section (1) (a) of this section, the Council may appoint consultants.
(4) Any inspector appointed under sub-section (2) of this section shall have powers to :
(a) make such examinations and inquiry as may be necessary to ascertain whether or not the provisions of this Act or any rule or regulation made thereunder are complied with; and
(b) by notice in writing require any person to furnish in such form as may be directed any information on such matters as may be specified in the notice and such person shall comply.