New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    If an order is passed by the central government to amend

    the rules of any recognized stock exchange, it has to be complied within a period of
    A 15 days Correct Answer Incorrect Answer
    B 30 days Correct Answer Incorrect Answer
    C 1 month Correct Answer Incorrect Answer
    D 2 months Correct Answer Incorrect Answer
    E 3 months Correct Answer Incorrect Answer

    Solution

    Section 8 SCRA - Power of Central Government to direct rules to be made or to make rules (1) Where, after consultation with the governing bodies of stock exchanges generally or with the governing body of any stock exchange in particular, the Central Government is of opinion that it is necessary or expedient so to do, it may, by order in writing together with a statement of the reasons therefor, direct recognised stock exchanges generally or any recognised stock exchange in particular, as the case may be, to make any rules or to amend any rules already made in respect of all or any of the matters specified in sub-section (2) of section 3 within a period of two months from the date of the order

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