Duty D12-444, published by Department of Financial Services, Ministry of Finance [D12-444]
As at 7 September 2026. In force from 7 May 2020.
Addressee: Every banking company.
Required: Obtain a licence before undertaking the business of banking; apply in Form B, fee five hundred rupees.
Period: Before the activity begins; licence valid three years.
Form: Form B.
Source: Section 6, International Financial Services Centers Authority Act, 2019 [S29-CCR].
Penalty provision: Section 38, International Financial Services Centers Authority Act, 2019 [S29-DCW].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 7 May 2020.