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Ms. Kavita Menon, a whole-time Member of IFSCA, resigns from office. Her tenure is otherwise running. Under the IFSCA Act, 2019, what must she do to resign?

A Member resigns by giving written notice of not less than three months to the Central Government. The notice is not addressed to the Chairperson or the Authority, and an oral or immediate resignation is not what the Act provides.

  1. AGive written notice of not less than three months to the Central GovernmentCorrect
  2. BGive written notice of not less than one month to the Chairperson
  3. CGive written notice of not less than six months to the Authority
  4. DResign orally before the Selection Committee with immediate effect

Explanation

A Member may resign by giving the Central Government written notice of not less than three months. The notice goes to the Central Government, which appoints Members, not to the Chairperson or the Authority. Oral resignation is not provided for.

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