Consider the following statements with reference to the IFSCA Act:
1)The IFSCA Act provides for the establishment of an IFSC Authority Fund, which will be used to meet the expenses of the IFSCA.
2)The IFSCA Act has provisions for the establishment of a dispute resolution panel for resolving disputes arising from financial transactions in IFSCs.
3)The Fund will be maintained by the Gujarat government.
Select the correct answer using the code given below:
The IFSCA Act provides for the establishment of an IFSC Authority Fund, which will be used to meet the expenses of the IFSCA. The Fund will be maintained by the Central Government and will receive grants from the Government, fees and charges collected by the IFSCA, and other sources. The IFSCA Act also has provisions for the establishment of a dispute resolution panel for resolving disputes arising from financial transactions in IFSCs. The panel will consist of a chairperson and two members, and will have the power to determine the dispute in accordance with the law and practice applicable in IFSCs. Therefore, both statements 1 and 2 are correct.
On which date National Farmers’ Day is celebrated?
HyderabadDLabs at the Indian School of Business (ISB) has launched ‘Build for Billions in association with Reserve Bank Innovation Hub (RBIH) a st...
Which Russian bank has become the first Russian bank to to register with the SEBI as a foreign portfolio investor (FPI) according to the information...
According to the Tamil Nadu School Education Department's guidelines, what is the main goal of the Guidelines for the Elimination of Corporal Punishment...
What was the main feature of the logo designed by Shri Shaurya Pratap Singh for the IHRC?
Consider the following statements:
I. Thomas cup is related to Football.
II.India has recently become the champion for Thomas cup 2022.
India's share in millet production in Asia is 80% and ____% in world. The ___ declared 2023 as “the International year of Milltes” at the in...
Which film emerged victorious at the ALT Environment Film Festival?
Which company became the first Indian firm to surpass ₹10 lakh crore in annual revenue?
The former Indian ambassador from Odisha, Abasar Beuria passed away at the age of 80, he was also a famous ______?