{"apiVersion":1,"release":"r-2026-09-08-012","packet":{"code":"A11PEH","written":"A11-PEH","title":"International Financial Services Centers Authority Act, 2019","status":"As at 8 September 2026. In force from 7 May 2020 by S.O. 120(E) [N12-KAS].","path":"/A11-PEH","asAt":null,"sha256":null,"blocks":[{"kind":"title","segs":["International Financial Services Centers Authority Act, 2019 [A11-PEH]"]},{"kind":"status","segs":["As at 8 September 2026. ","In force from ","7 May 2020"," by ",{"text":"S.O. 120(E)","href":"/N12-KAS"}," [N12-KAS]","."]},{"kind":"line","segs":["Dates: made 28 July 2019; in force 7 May 2020; ceased none recorded. Gazette: none recorded. Band A."]},{"kind":"line","segs":["Synthetic. The words of this Act are generated by the register; its title, number and year are real."]},{"kind":"line","segs":["Cite: International Financial Services Centers Authority Act, 2019, Act 50 of 2019 [A11-PEH]. Machine: A11-PEH."]},{"kind":"heading","segs":["Sections (44)"]},{"kind":"item","segs":["Chapter I. PRELIMINARY"]},{"kind":"item","segs":["Chapter II. RESERVE BANK"]},{"kind":"item","segs":["Chapter III. REGULATION OF THE BUSINESS OF BANKING"]},{"kind":"item","segs":["Chapter IV. OFFENCES AND PENALTIES"]},{"kind":"item","segs":["Chapter V. MISCELLANEOUS"]},{"kind":"item","segs":[{"text":"Section 1. Short title, extent and commencement","href":"/S29-C7E"}," [S29-C7E]"]},{"kind":"item","segs":[{"text":"Section 2. Definitions","href":"/S29-C8G"}," [S29-C8G]"]},{"kind":"item","segs":[{"text":"Section 3. Appointment of Reserve Bank","href":"/S29-C9J"}," [S29-C9J]"]},{"kind":"item","segs":[{"text":"Section 4. Registration of financials institution","href":"/S29-CAM"}," [S29-CAM]"]},{"kind":"item","segs":[{"text":"Section 5. Prohibition of the enforcement of security interest without licence","href":"/S29-CBP"}," [S29-CBP]"]},{"kind":"item","segs":[{"text":"Section 6. Grant of licence","href":"/S29-CCR"}," [S29-CCR]"]},{"kind":"item","segs":[{"text":"Section 7. Maintenance of records and furnishing of returns","href":"/S29-CDT"}," [S29-CDT]"]},{"kind":"item","segs":[{"text":"Section 8. Powers of authorised officer","href":"/S29-CEW"}," [S29-CEW]"]},{"kind":"item","segs":[{"text":"Section 9. Power to issue directions","href":"/S29-CFY"}," [S29-CFY]"]},{"kind":"item","segs":[{"text":"Section 10. Power to exempt","href":"/S29-CG5"}," [S29-CG5]"]},{"kind":"item","segs":[{"text":"Section 11. Registration of bankings company","href":"/S29-CH7"}," [S29-CH7]"]},{"kind":"item","segs":[{"text":"Section 12. Prohibition of the borrowing of money without licence","href":"/S29-CJ1"}," [S29-CJ1]"]},{"kind":"item","segs":[{"text":"Section 13. Grant of licence","href":"/S29-CK3"}," [S29-CK3]"]},{"kind":"item","segs":[{"text":"Section 14. Maintenance of records and furnishing of returns","href":"/S29-CMD"}," [S29-CMD]"]},{"kind":"item","segs":[{"text":"Section 15. Powers of authorised officer","href":"/S29-CNF"}," [S29-CNF]"]},{"kind":"item","segs":[{"text":"Section 16. Power to issue directions","href":"/S29-CP9"}," [S29-CP9]"]},{"kind":"item","segs":[{"text":"Section 17. Power to exempt","href":"/S29-CQB"}," [S29-CQB]"]},{"kind":"item","segs":[{"text":"Section 18. Registration of depositors","href":"/S29-CRN"}," [S29-CRN]"]},{"kind":"item","segs":[{"text":"Section 19. Prohibition of the business of a financial institution without licence","href":"/S29-CSQ"}," [S29-CSQ]"]},{"kind":"item","segs":[{"text":"Section 20. Grant of licence","href":"/S29-CTH"}," [S29-CTH]"]},{"kind":"item","segs":[{"text":"Section 21. Maintenance of records and furnishing of returns","href":"/S29-CVK"}," [S29-CVK]"]},{"kind":"item","segs":[{"text":"Section 22. Powers of authorised officer","href":"/S29-CWX"}," [S29-CWX]"]},{"kind":"item","segs":[{"text":"Section 23. Power to issue directions","href":"/S29-CXZ"}," [S29-CXZ]"]},{"kind":"item","segs":[{"text":"Section 24. Power to exempt","href":"/S29-CYS"}," [S29-CYS]"]},{"kind":"item","segs":[{"text":"Section 25. Registration of secureds creditor","href":"/S29-CZV"}," [S29-CZV]"]},{"kind":"item","segs":[{"text":"Section 26. Prohibition of the business of banking without licence","href":"/S29-D04"}," [S29-D04]"]},{"kind":"item","segs":[{"text":"Section 27. Grant of licence","href":"/S29-D16"}," [S29-D16]"]},{"kind":"item","segs":[{"text":"Section 28. Maintenance of records and furnishing of returns","href":"/S29-D20"}," [S29-D20]"]},{"kind":"item","segs":[{"text":"Section 29. Powers of authorised officer","href":"/S29-D32"}," [S29-D32]"]},{"kind":"item","segs":[{"text":"Section 30. Power to issue directions","href":"/S29-D4C"}," [S29-D4C]"]},{"kind":"item","segs":[{"text":"Section 31. Power to exempt","href":"/S29-D5E"}," [S29-D5E]"]},{"kind":"item","segs":[{"text":"Section 32. Registration of borrowers","href":"/S29-D68"}," [S29-D68]"]},{"kind":"item","segs":[{"text":"Section 33. Prohibition of the making of deposits without licence","href":"/S29-D7A"}," [S29-D7A]"]},{"kind":"item","segs":[{"text":"Section 34. Grant of licence","href":"/S29-D8M"}," [S29-D8M]"]},{"kind":"item","segs":[{"text":"Section 35. Maintenance of records and furnishing of returns","href":"/S29-D9P"}," [S29-D9P]"]},{"kind":"item","segs":[{"text":"Section 36. Powers of authorised officer","href":"/S29-DAG"}," [S29-DAG]"]},{"kind":"item","segs":[{"text":"Section 37. Power to issue directions","href":"/S29-DBJ"}," [S29-DBJ]"]},{"kind":"item","segs":[{"text":"Section 38. Penalty for contravention","href":"/S29-DCW"}," [S29-DCW]"]},{"kind":"item","segs":[{"text":"Section 39. Offences by companies","href":"/S29-DDY"}," [S29-DDY]"]},{"kind":"item","segs":[{"text":"Section 40. Appeal","href":"/S29-DER"}," [S29-DER]"]},{"kind":"item","segs":[{"text":"Section 41. Cognizance of offences","href":"/S29-DFT"}," [S29-DFT]"]},{"kind":"item","segs":[{"text":"Section 42. Protection of action taken in good faith","href":"/S29-DG1"}," [S29-DG1]"]},{"kind":"item","segs":[{"text":"Section 43. Power to make rules","href":"/S29-DH3"}," [S29-DH3]"]},{"kind":"item","segs":[{"text":"Section 44. Power to remove difficulties","href":"/S29-DJ5"}," [S29-DJ5]"]},{"kind":"heading","segs":["Made under"]},{"kind":"item","segs":["No recital of a power is printed."]},{"kind":"heading","segs":["Acts on (0)"]},{"kind":"item","segs":["none"]},{"kind":"heading","segs":["Acted on by (2)"]},{"kind":"item","segs":["Commences: ",{"text":"Notification S.O. 120(E), dated 26th April, 2020","href":"/N12-KAS"},", 7 May 2020",". \"shall come into force\"."," Synthetic demonstration target."]},{"kind":"item","segs":["Exempts: ",{"text":"Notification S.O. 3169(E), dated 25th May, 2024","href":"/N12-NPW"},", 25 May 2024",". \"section 4 of the said Act\"."," Synthetic demonstration target."]},{"kind":"heading","segs":["Not held (1)"]},{"kind":"item","segs":["\"section 3 of the Reserve Bank of India Act, 1934\""]}],"connections":[{"title":"Section 1. Short title, extent and commencement.","path":"/S29-C7E","relation":"contains","description":"Section in the current recorded arrangement. 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Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 22. Powers of authorised officer.","path":"/S29-CWX","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 23. Power to issue directions.","path":"/S29-CXZ","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 24. Power to exempt.","path":"/S29-CYS","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 25. Registration of secureds creditor.","path":"/S29-CZV","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 26. Prohibition of the business of banking without licence.","path":"/S29-D04","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 27. Grant of licence.","path":"/S29-D16","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 28. Maintenance of records and furnishing of returns.","path":"/S29-D20","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 29. Powers of authorised officer.","path":"/S29-D32","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 30. Power to issue directions.","path":"/S29-D4C","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 31. Power to exempt.","path":"/S29-D5E","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 32. Registration of borrowers.","path":"/S29-D68","relation":"contains","description":"Section in the current recorded arrangement. Historical arrangement is not established.","synthetic":true,"effectiveDate":null},{"title":"Section 33. Prohibition of the making of deposits without licence.","path":"/S29-D7A","relation":"contains","description":"Section in the current recorded arrangement. 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Inspect the operative text; this is not an applicability finding.","synthetic":true,"effectiveDate":"2024-05-25","recordedEffect":{"type":"exempts","direction":"incoming","target":"instrument"}}],"connectionsTruncated":false,"synthetic":true,"source":{"synthetic":true,"textState":"arrangement","version":null,"versions":[]},"particulars":[{"label":"Class","value":"Act of Parliament"},{"label":"Citation","value":"Act 50 of 2019"},{"label":"Number","value":"50 of 2019"},{"label":"Authority","value":"Parliament of India"},{"label":"Assent","value":"28 July 2019"},{"label":"Published","value":"28 July 2019"},{"label":"Gazette","value":"Not recorded"},{"label":"Jurisdiction","value":"IN"}],"jurisdiction":"IN","dates":{"made":"2019-07-28","inForce":"2020-05-07","ceased":null},"changedBy":[],"quality":{"answerUse":"limited","status":"not-audited","checkedOn":null,"reason":"Stored text, not a certification of completeness, current law or personal applicability. Exact quotation matching checks wording only.","publications":[]}},"canonical":"/A11-PEH","text":"International Financial Services Centers Authority Act, 2019 [A11-PEH]\nAs at 8 September 2026. In force from 7 May 2020 by S.O. 120(E) [N12-KAS].\nDates: made 28 July 2019; in force 7 May 2020; ceased none recorded. Gazette: none recorded. Band A.\nSynthetic. The words of this Act are generated by the register; its title, number and year are real.\nCite: International Financial Services Centers Authority Act, 2019, Act 50 of 2019 [A11-PEH]. Machine: A11-PEH.\nSections (44)\nChapter I. PRELIMINARY\nChapter II. RESERVE BANK\nChapter III. REGULATION OF THE BUSINESS OF BANKING\nChapter IV. OFFENCES AND PENALTIES\nChapter V. MISCELLANEOUS\nSection 1. Short title, extent and commencement [S29-C7E]\nSection 2. Definitions [S29-C8G]\nSection 3. Appointment of Reserve Bank [S29-C9J]\nSection 4. Registration of financials institution [S29-CAM]\nSection 5. Prohibition of the enforcement of security interest without licence [S29-CBP]\nSection 6. Grant of licence [S29-CCR]\nSection 7. Maintenance of records and furnishing of returns [S29-CDT]\nSection 8. Powers of authorised officer [S29-CEW]\nSection 9. Power to issue directions [S29-CFY]\nSection 10. Power to exempt [S29-CG5]\nSection 11. Registration of bankings company [S29-CH7]\nSection 12. Prohibition of the borrowing of money without licence [S29-CJ1]\nSection 13. Grant of licence [S29-CK3]\nSection 14. Maintenance of records and furnishing of returns [S29-CMD]\nSection 15. Powers of authorised officer [S29-CNF]\nSection 16. Power to issue directions [S29-CP9]\nSection 17. Power to exempt [S29-CQB]\nSection 18. Registration of depositors [S29-CRN]\nSection 19. Prohibition of the business of a financial institution without licence [S29-CSQ]\nSection 20. Grant of licence [S29-CTH]\nSection 21. Maintenance of records and furnishing of returns [S29-CVK]\nSection 22. Powers of authorised officer [S29-CWX]\nSection 23. Power to issue directions [S29-CXZ]\nSection 24. Power to exempt [S29-CYS]\nSection 25. Registration of secureds creditor [S29-CZV]\nSection 26. Prohibition of the business of banking without licence [S29-D04]\nSection 27. Grant of licence [S29-D16]\nSection 28. Maintenance of records and furnishing of returns [S29-D20]\nSection 29. Powers of authorised officer [S29-D32]\nSection 30. Power to issue directions [S29-D4C]\nSection 31. Power to exempt [S29-D5E]\nSection 32. Registration of borrowers [S29-D68]\nSection 33. Prohibition of the making of deposits without licence [S29-D7A]\nSection 34. Grant of licence [S29-D8M]\nSection 35. Maintenance of records and furnishing of returns [S29-D9P]\nSection 36. Powers of authorised officer [S29-DAG]\nSection 37. Power to issue directions [S29-DBJ]\nSection 38. Penalty for contravention [S29-DCW]\nSection 39. Offences by companies [S29-DDY]\nSection 40. Appeal [S29-DER]\nSection 41. Cognizance of offences [S29-DFT]\nSection 42. Protection of action taken in good faith [S29-DG1]\nSection 43. Power to make rules [S29-DH3]\nSection 44. Power to remove difficulties [S29-DJ5]\nMade under\nNo recital of a power is printed.\nActs on (0)\nnone\nActed on by (2)\nCommences: Notification S.O. 120(E), dated 26th April, 2020, 7 May 2020. \"shall come into force\". Synthetic demonstration target.\nExempts: Notification S.O. 3169(E), dated 25th May, 2024, 25 May 2024. \"section 4 of the said Act\". Synthetic demonstration target.\nNot held (1)\n\"section 3 of the Reserve Bank of India Act, 1934\""}