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Bare Acts

The International Financial Services Centres Authority Act, 2019

Central · 2019

  • S. 1Short title and commencement.
  • S. 2Application.
  • S. 3Definitions.
  • S. 4Establishment and incorporation of Authority.
  • S. 5Composition of Authority.
  • S. 6Terms of office and conditions of service of Chairperson and other Members.
  • S. 7Removal of Member from office.
  • S. 8Meetings of Authority.
  • S. 9Vacancies, etc., not to invalidate proceedings of Authority.
  • S. 10Administrative powers of Chairperson.
  • S. 11Officers and other employees of Authority.
  • S. 12Functions of Authority.
  • S. 13Powers of Authority in relation to financial products, financial services and financial institutions.
  • S. 14Grants by Central Government.
  • S. 15Fund of Authority.
  • S. 16Accounts and audit.
  • S. 17Performance Review Committee.
  • S. 18Maintenance of website.
  • S. 19Returns and reports.
  • S. 20Transactions in foreign currency.
  • S. 21Power to issue directions.
  • S. 22Power of Central Government to supersede Authority.
  • S. 23Delegation of powers.
  • S. 24Members, officers and employees of the Authority to be public servants.
  • S. 25Protection of action taken in good faith.
  • S. 26Exemption from tax.
  • S. 27Power to make rules.
  • S. 28Power to make regulations.
  • S. 29Rules and regulations to be laid before Parliament.
  • S. 30Overriding effect.
  • S. 31Power to modify provisions of other enactments in relation to International Financial Services Centres.
  • S. 32Power to remove difficulties.
  • S. 33Amendment to certain enactments.
  • S. 34Savings.
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