A rule or regulation under FEMA is laid before each House of Parliament for a total period of:
A60 days
B21 days
C30 days
D14 days
Answer & Solution
Correct answer: C. 30 days
Section 48 requires laying for thirty days, which may span one session or successive sessions.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Inter, or explore more Law topics.
Related questions
Who may regulate a non-resident's setting up of a branch office in India?FEMA borrows the meaning of chartered accountant from:Contraventions under FEMA are treated as:Under FERA, an accused was presumed:FEMA aims at promoting orderly development and maintenance of the:A company receiving FDI files which annual FEMA return?Which of these falls within the meaning of currency in FEMA?Under FEMA, import means bringing into India: