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    Question

    As per the International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020 if a Global In-House Centre fails to fulfil the conditions subject to which the registration has been granted, the Authority may withdraw the registration, after giving an opportunity of ______________________ to the Global In-House Centre to make its submissions, if any

    A Thirty days Correct Answer Incorrect Answer
    B Sixty days Correct Answer Incorrect Answer
    C Forty-five days Correct Answer Incorrect Answer
    D Ninety days Correct Answer Incorrect Answer
    E One hundred and twenty days Correct Answer Incorrect Answer

    Solution

    Rule 11 Action in case of default: (1) If a Global In-House Centre fails to fulfil the conditions subject to which the registration under regulation 5 has been granted, the Authority may withdraw the registration, after giving an opportunity of thirty days to the Global In-House Centre to make its submissions, if any.

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