Question

Which of the following definitions accurately describes a "Member" as per FEMA?

A A person appointed by the Reserve Bank of India Correct Answer Incorrect Answer
B A person serving on the Board of Directors of a financial institution Correct Answer Incorrect Answer
C A person who holds office in the Supreme Court of India Correct Answer Incorrect Answer
D A person who is part of the Appellate Tribunal, including the Chairperson Correct Answer Incorrect Answer
E A person who chairs meetings in government committees Correct Answer Incorrect Answer

Solution

Explanation: Section 2 Definitions (s) “Member” means a Member of the Appellate Tribunal and includes the Chairperson thereof.

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