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Question

According to the International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020 the relocation of employees from an existing entity in the domestic area in India shall be permissible with respect to supervisory personnel only, which may be allowed with prior approval of the Authority up to a _________.

A Maximum of twenty percent of the strength in such category Correct Answer Incorrect Answer
B Minimum of twenty percent of the strength in such category Correct Answer Incorrect Answer
C Maximum of twenty-five percent of the strength in such category Correct Answer Incorrect Answer
D Maximum of thirty percent of the strength in such category Correct Answer Incorrect Answer
E Minimum of two percent of the strength in such category Correct Answer Incorrect Answer

Solution

Maximum of twenty percent of the strength in such category, Explanation: Rule 6 Permissible services and activities: (2) Relocation of employees from an existing entity in the domestic area in India shall be permissible with respect to supervisory personnel only, which may be allowed with prior approval of the Authority up to a maximum of twenty percent of the strength in such category.

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