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CS Professional · IFSCA - Regulations, Listing and Compliances · International Financial Services Centres: An Introduction

A draft Section 31 notification is laid before Parliament. Which statement correctly describes the laying requirement?

The proposed notification is laid in draft before each House of Parliament, while in session, for a total of thirty days, which may be within one session or across two or more successive sessions. It is laid before issue, not after.

  1. AThe draft is laid before each House while in session for a total of thirty days, in one or more successive sessionsCorrect
  2. BThe draft is laid before the Lok Sabha only for fifteen days
  3. CThe notification is issued first and laid afterwards for sixty days
  4. DThe draft is laid before each House for thirty days, and only one session may be used

Explanation

Section 31(2) requires the draft to be laid before each House while in session for a total of thirty days, which may be in one session or in two or more successive sessions. Options limiting it to one session or laying after issue misstate the rule.

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