New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    If at any time the Central Government is of opinion that

    Board unable to perform its functions, it may by notification, supersede the Board for such period, not exceeding ________________ as per the SEBI Act
    A One year Correct Answer Incorrect Answer
    B Six months Correct Answer Incorrect Answer
    C Two months Correct Answer Incorrect Answer
    D Three months Correct Answer Incorrect Answer

    Solution

    Section 17. Power of Central Government to supersede the Board—(1) If at any time the Central Government is of opinion— (c) that circumstances exist which render it necessary in the public interest so to do, the Central Government may, by notification, supersede the Board for such period, not exceeding six months, as may be specified in the notification.

    Practice Next