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CS Professional · IFSCA - Regulations, Listing and Compliances · IFSCA Ecosystem and Regulatory Framework

The Central Government is considering a candidate for the IFSCA as a Member. Which qualification is consistent with section 5(3) of the IFSCA Act, 2019?

Members must be persons of ability, integrity and standing, with capacity in financial sector matters or special knowledge or experience of law, finance, economics, accountancy, administration or another discipline the Central Government finds useful. No single prior office is required.

  1. AA person of ability, integrity and standing with special knowledge or experience of law, finance, economics, accountancy or administrationCorrect
  2. BOnly a serving judge of the High Court
  3. COnly a person who has served as RBI Governor
  4. DA person who has experience solely in manufacturing management

Explanation

Section 5(3) requires persons of ability, integrity and standing with capacity in financial sector matters or special knowledge or experience of law, finance, economics, accountancy, administration or another discipline the Central Government considers useful. No single office is mandated, so the other options are too narrow or unrelated.

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