n NISM Certifications
VII NISM Series VII
Medium

The Managing Director/Executive Director of the stock exchange may extend the time for issuing an arbitral award by not more than ______.

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    One month

  2. Two months

    Correct answer

  3. C

    Three months

  4. D

    Four months

Why this is the answer

Arbitration awards must be issued within four months of arbitrator appointment. For sufficient cause, the MD/ED can extend this by up to two months after recording reasons.

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NISM Series VII Mock Test 5