In India the residuary powers to legislate any matter that is NOT mentioned in the three federal lists lies with the ______.

The correct answer is Union Legislature.

Key Points

• Union Legislature
  • The Indian Union Legislature serves as both the country's legislative body and the hub of all democratic political activity.
  • The central legislature is the Parliament, and the state legislature is referred to as the "State Legislature."
  • The Rajya Sabha (the Council of States) and the Lok Sabha, make up India's bicameral parliament, (the House of the People).

Additional Information

• Supreme Court- 
  • The Supreme Court of India is the supreme judicial body of India and the highest court of the Republic of India under the constitution. 
  • The Chief Justice of India is the head and chief judge of the Supreme Court, which consists of a maximum of 33 judges under him.
  • Article 124 has provisions for the establishment and organizational structure of the Supreme court. 
  • SC of India was established on 1st October 1937 as the Federal Court of India.
  • H J Kania was the first Chief Justice of India.
  • Sir Maurice Gwyer was the first chief justice of the Federal Court of India prior to the formation of the Supreme Court of India. 
• State Legislature
  • In India's states and union territories, the legislature is known as the State Legislative Assembly, commonly known as Vidhan Sabha or Saasana Sabha.
  • It is the only legislative body in the 28 states and 3 union territories that have a unicameral state legislature, and in 6 states that have bicameral state legislatures, it is the lower house, with the State Legislative Council serving as the upper chamber. 
• Ministry
  • ​The administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act of 2008, and the Insolvency and Bankruptcy Code of 2016 are the primary concerns of the Ministry of Corporate Affairs, a department of the Indian government.