Who gives general directions to RBI under FEMA?
AThe SEBI chairperson
BThe Central Government
CThe Appellate Tribunal
DThe Enforcement Director
Answer & Solution
Correct answer: B. The Central Government
The Central Government may give the Reserve Bank general or special directions, which the Bank must comply with.
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Notifications suspending the Act's operation are laid before Parliament for a total periodFEMA repealed which earlier Act?For s.42, a director in relation to a firm meansUnder s.42, he escapes liability if he proves no knowledge orUnder s.42, a person in charge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 isUnder s.37(3), enforcement officers exercise powers like those ofUnder s.37, investigation of a s.13 contravention is by officers not belowUnder s.36, the Central Government establishes the