New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    As per FEMA what is the timeframe within which the Adjudicating Authority should endeavor to dispose of a complaint received by it?

    A Within one year Correct Answer Incorrect Answer
    B Within two years Correct Answer Incorrect Answer
    C Within six months Correct Answer Incorrect Answer
    D Within three months Correct Answer Incorrect Answer
    E Within five years Correct Answer Incorrect Answer

    Solution

    Section 16. Appointment of Adjudicating Authority.— (6) Every Adjudicating Authority shall deal with the complaint under sub-section (2) as expeditiously as possible and endeavour shall be made to dispose of the complaint finally within one year from the date of receipt of the complaint: Provided that where the complaint cannot be disposed of within the said period, the Adjudicating Authority shall record periodically the reasons in writing for not disposing of the complaint within the said period.  

    Practice Next
    ×
    ×