Question

Under Section 58 of the RBI Act, 1934, every regulation made by the Central Board must be laid before each House of Parliament for a total period of how many days?

Q: Answer-Under Section 58 of the RBI Act, 1934, every regulation made by the Central Board must be laid befor...

Section 581 empowers the Central Board, with the previous sanction of the Central Government and by notification in the Official Gazette, to make regulations consistent with the Act. Under Section 584, every regulation must be laid before each House of Parliament for a total period of thirty days, which may be comprised in one session or two or more successive sessions. Parliament may modify or annul the regulation within that period. The laying period is thirty days.