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The Central Government proposes to nominate two persons to the IFSCA under Section 5(1)(c). Which description fits these Members?

They are two officials of the Ministry dealing with Finance, nominated by the Central Government ex officio. They are distinct from the regulator nominees under clause (b) and from the Selection Committee appointees under clause (d).

  1. APersons recommended by the Selection Committee from the financial sector
  2. BOfficials of the Ministry dealing with Finance, nominated ex officio by the Central GovernmentCorrect
  3. CNominees of SEBI and RBI holding public office
  4. DExperts in law and accountancy chosen by the Chairperson

Explanation

Section 5(1)(c) provides for two Members from amongst officials of the Ministry dealing with Finance, nominated by the Central Government ex officio. Selection Committee recommendations relate only to clause (d), and regulators nominate only under clause (b).

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