Law · Depositories Act, 1996
Under the Depositories Act, 1996, what is the mandate regarding rules and regulations made under the Act being laid before Parliament?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They must be approved by a special committee of the Rajya Sabha before notification.
- 2They only need to be placed before and approved by the Lok Sabha.
- 3They must be laid before both Houses of Parliament for a total period of thirty days and may be modified or annulled.✓
- 4They are effective immediately and do not require parliamentary oversight.
Correct answer
They must be laid before both Houses of Parliament for a total period of thirty days and may be modified or annulled.
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