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    Question

    The Central Government may pass orders to remove difficulties under IFSCA Act within a period of ………….. from the commencement of this Act

    A 2 years Correct Answer Incorrect Answer
    B 3 years Correct Answer Incorrect Answer
    C 5 years Correct Answer Incorrect Answer
    D 7 years Correct Answer Incorrect Answer
    E 10 years Correct Answer Incorrect Answer

    Solution

    Power of Central Government   ·                     To make rules with respect to the composition and the manner of constitution of the Selection Committee, salaries, allowances and other terms and conditions of service of Members; other functions to be performed by the Authority; form in which accounts are to be maintained and annual statements, returns to be published etc ·                     To modify provisions of other enactments in relation to International Financial Services Centres ·                     To remove difficulties by passing orders . Such order cannot be passed after the expiry of 5 years from the commencement of this Act

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