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      Question

      As per the International Financial Services Centres

      Authority (Global In-House Centres) Regulations, 2020 if a Global In-House Centre fails to fulfil the conditions subject to which the registration has been granted, the Authority may withdraw the registration, after giving an opportunity of ______________________ to the Global In-House Centre to make its submissions, if any
      A Thirty days Correct Answer Incorrect Answer
      B Sixty days Correct Answer Incorrect Answer
      C Forty-five days Correct Answer Incorrect Answer
      D Ninety days Correct Answer Incorrect Answer
      E One hundred and twenty days Correct Answer Incorrect Answer

      Solution

      Rule 11 Action in case of default: (1) If a Global In-House Centre fails to fulfil the conditions subject to which the registration under regulation 5 has been granted, the Authority may withdraw the registration, after giving an opportunity of thirty days to the Global In-House Centre to make its submissions, if any.

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