alleryStart learning →Under s.16(1), Adjudicating Authorities are appointed by
AThe Reserve Bank
BThe Central Government
CThe Chief Justice
DThe Tribunal Chairperson
Answer & Solution
Correct answer: B. The Central Government
Section 16(1) lets the Central Government, by Gazette order, appoint officers as Adjudicating Authorities.
Keep practising Foreign Exchange Management Act 1999
Browse all Foreign Exchange Management Act 1999 questions for CA Final, or explore more Law topics.
Related questions
Notifications suspending the Act's operation are laid before Parliament for a total periodFEMA repealed which earlier Act?For s.42, a director in relation to a firm meansUnder s.42, he escapes liability if he proves no knowledge orUnder s.42, a person in charge of a company at the time of contravention isWho gives general directions to RBI under FEMA?Under s.37(3), enforcement officers exercise powers like those ofUnder s.37, investigation of a s.13 contravention is by officers not below