Question

Under Section 45-IA(7) of the RBI Act, 1934, a company aggrieved by rejection of its application for registration or cancellation of its certificate may prefer an appeal to the Central Government within what period?

Q: Answer-Under Section 45-IA(7) of the RBI Act, 1934, a company aggrieved by rejection of its application for...

Section 45-IA7 provides that a company aggrieved by the order of rejection of an application for registration or cancellation of a certificate of registration may prefer an appeal to the Central Government within a period of thirty days from the date on which such order is communicated to it. The decision of the Central Government on appeal, or of the Bank where no appeal is preferred, shall be final. The appeal must be filed within thirty days.