The salary and allowances payable to the Administrator and the Members of the Committee constituted ...........

Professional Legal Knowledge RBI Act

The salary and allowances payable to the Administrator and the Members of the Committee constituted by the RBI in terms of the Section 45IE of the RBI Act, 1934, will be decided by the _________ and be paid by the concerned NBFC.

Central Government

RBI

SEBI

None of the above

छोटे Courses बड़े Results

Master RBI Act

Prepare through Micro-courses

Try Now

Explanation:

Correct Option: 2 (RBI)

Explanation:

In terms of Section 45IE of the RBI Act, 1934, the salary and allowances payable to the Administrator and the Members of the Committee constituted by the RBI will be decided by the RBI itself.
These payments are to be made by the concerned Non-Banking Financial Company (NBFC).
The section empowers the RBI to manage and regulate the functioning of the NBFCs, including decisions on compensation related to the appointed administrators and committee members.