Central Government has power to remove any difficulty arising in giving effect to the provisions of SEBI Act. What is the maximum period up to which such order can be passed?
Section 34 of SEBI Act - Power to remove difficulties —(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty: Provided that no order shall be made under this section after the expiry of five years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament. Similar section is present in Depository Act. In case of Depository Act, Section 29 deals with this provision and maximum period is two years. Removal of difficulties — (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as appear to it to be necessary or expedient for removing the difficulty: Provided that no order shall be made under this section after the expiry of a period of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.
A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2445.3, find the sum.
Meera deposited Rs. ‘W’ in a bank offering compound interest of 9% p.a. compounded annually. After 3 years, she invested the amount received from th...
The difference between compound and simple interest on a sum of money for 2 years at 5% per annum is Rs. 724. The sum is:
What is the principal amount?
Statement I: The Simple Interest after 2 years on a certain sum at 10% p.a is Rs. 1200.
Statement II : T...
The difference between the simple interest for two years and the compound interest for one year on a sum of money is Rs.273. In which compound interest ...
The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 626. The sum is:
Rahul invested Rs. 2450 at a 40% per annum simple interest rate for 'y' years, and this investment yielded a total amount of Rs. 4410. Find the interest...
The interest received by investing Rs. 4000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
Suresh earned an interest of Rs. 516 on principal amount of Rs. 1600 at some rate of compound interest in 2 years. How much more/less interest would he ...
Rs. ‘P’ was invested in scheme A at the rate of 30% per annum on compound interest for 3 years. Rs. (P+9875) was invested in scheme B at the rate of...
