Title Year Number Subject
 
 
 
Table of ContentsContent
Preamble   -             INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY ACT, 2019
Chapter I  -             PRELIMINARY
Section 1  -             Short title and commencement
Section 2  -             Application
Section 3  -             Definitions
Chapter II  -             ESTABLISHMENT OF AUTHORITY
Section 4  -             Establishment and incorporation of Authority
Section 5  -             Composition of Authority
Section 7  -             Removal of Member from office
Section 8  -             Meetings of Authority
Section 9  -             Vacancies, etc., not to invalidate proceedings of Authority
Section 10  -             Administrative powers of Chairperson
Section 11  -             Officers and other employees of Authority
Chapter III  -             POWERS AND FUNCTIONS OF AUTHORITY
Section 12  -             Functions of Authority
Chapter IV  -             FINANCE, ACCOUNTS AND AUDIT
Section 14  -             Grants by Central Government
Section 15  -             Fund of Authority
Section 16  -             Accounts and audit
Section 17  -             Performance Review Committee
Section 18  -             Maintenance of website
Section 19  -             Returns and reports
Chapter V  -             FOREIGN EXCHANGE TRANSACTIONS
Section 20  -             Transactions in foreign currency
Chapter VI  -             MISCELLANEOUS
Section 21  -             Power to issue directions
Section 22  -             Power of Central Government to supersede Authority
Section 23  -             Delegation of powers
Section 25  -             Protection of action taken in good faith
Section 26  -             Exemption from tax
Section 27  -             Power to make rules
Section 28  -             Power to make regulations
Section 29  -             Rules and regulations to be laid before Parliament
Section 30  -             Overriding effect
Section 32  -             Power to remove difficulties
Section 33  -             Amendment to certain enactments
Section 34  -             Savings
Schedule I  -             FIRST SCHEDULE
Schedule II  -             SECOND SCHEDULE
Statement of Objects and Reasons   -             INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY ACT, 2019
 
 
 
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