Under Section 39(2) of the Banning of Unregulated Deposit Schemes Act, 2019, State/UT rules shall be…
Section 39(2) of the BUDS Act requires rules made by a State Government or Union territory Government to be laid before the "State Legislature or Union territory…
Choose your answer
Under Section 39(2) of the Banning of Unregulated Deposit Schemes Act, 2019, State/UT rules shall be laid before:
Answer and explanation
Correct answer C
Section 39(2) of the BUDS Act requires rules made by a State Government or Union territory Government to be laid before the "State Legislature or Union territory Legislature". Only rules made by the Central Government go before both Houses of Parliament under section 39(1); the Governor and the RBI have no laying role.