Section 19, International Financial Services Centers Authority Act, 2019 [S29-CSQ]

As at 7 September 2026. In force from 7 May 2020 by S.O. 120(E) [N12-KAS].

In International Financial Services Centers Authority Act, 2019 [A11-PEH]. This text from 7 May 2020. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 19, International Financial Services Centers Authority Act, 2019 [S29-CSQ]. Machine: S29-CSQ.

19. Prohibition of the business of a financial institution without licence.—No person shall undertake the business of a financial institution except under and in accordance with the conditions of a licence granted under section 20: Provided that nothing in this section shall apply to the business of a financial institution undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (1)

financial institution: Section 2, International Financial Services Centers Authority Act, 2019 [S29C8G] (In this Act, unless the context otherwise requires,—): "financial institution" means a financial institution as defined in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934)

financial institution: 25 more definitions.

Made under this section, or naming it (0)

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Cited by (0)

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Not held (0)

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Duties published under this section (0)

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