Board Members of the board for FRDI Bill, 2016

Q.  The Resolution Corporation will be managed by a Board. The Board members are -

1) Ex officio member representing RBI
2) Ex officio member representing SEBI
3) Ex officio member representing Pension Fund Regulatory and Development Authority
- Published on 03 Nov 16

a. 2, 3
b. 1, 2
c. 1, 3
d. All of the above

ANSWER: All of the above
 
The Board shall consist of the following members who shall be appointed by the Central Government, namely:-
  • a Chairperson;
  • one member nominated by the Central Government representing the Ministry of Finance ex officio;
  • one member nominated by the Reserve Bank of India representing the Reserve Bank of India ex officio;
  • one member nominated by the Securities and Exchange Board of India ex officio;
  • one member nominated by the Insurance Regulatory and Development Authority of India representing the Insurance Regulatory and Development Authority of India ex officio;
  • one member nominated by the Pension Fund Regulatory and Development Authority representing the Pension Fund Regulatory and Development Authority ex officio;
  • up to three whole-time members to be appointed by the Central Government; and Two independent members to be appointed by the Central Government.

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