Question
As per FEMA what is the timeframe within which the
Adjudicating Authority should endeavor to dispose of a complaint received by it?Solution
Section 16. Appointment of Adjudicating Authority.— (6) Every Adjudicating Authority shall deal with the complaint under sub-section (2) as expeditiously as possible and endeavour shall be made to dispose of the complaint finally within one year from the date of receipt of the complaint: Provided that where the complaint cannot be disposed of within the said period, the Adjudicating Authority shall record periodically the reasons in writing for not disposing of the complaint within the said period. Â
Which of the following statements is correct for the monopolist?
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