INDIA CODE

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International Financial Services Centers Authority Act, 2019: sections with instruments beneath them (4)

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Open at its own address /A11-PEH

International Financial Services Centers Authority Act, 2019 [A11-PEH]

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

Dates: made 28 July 2019; in force 7 May 2020; ceased none recorded. Gazette: none recorded. Band A.

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

Cite: International Financial Services Centers Authority Act, 2019, Act 50 of 2019 [A11-PEH]. Machine: A11-PEH.

Sections (44)

Chapter I. PRELIMINARY

Chapter II. RESERVE BANK

Chapter III. REGULATION OF THE BUSINESS OF BANKING

Chapter IV. OFFENCES AND PENALTIES

Chapter V. MISCELLANEOUS

Section 1. Short title, extent and commencement [S29-C7E]

Section 2. Definitions [S29-C8G]

Section 3. Appointment of Reserve Bank [S29-C9J]

Section 4. Registration of financials institution [S29-CAM]

Section 5. Prohibition of the enforcement of security interest without licence [S29-CBP]

Section 6. Grant of licence [S29-CCR]

Section 7. Maintenance of records and furnishing of returns [S29-CDT]

Section 8. Powers of authorised officer [S29-CEW]

Section 9. Power to issue directions [S29-CFY]

Section 10. Power to exempt [S29-CG5]

Section 11. Registration of bankings company [S29-CH7]

Section 12. Prohibition of the borrowing of money without licence [S29-CJ1]

Section 13. Grant of licence [S29-CK3]

Section 14. Maintenance of records and furnishing of returns [S29-CMD]

Section 15. Powers of authorised officer [S29-CNF]

Section 16. Power to issue directions [S29-CP9]

Section 17. Power to exempt [S29-CQB]

Section 18. Registration of depositors [S29-CRN]

Section 19. Prohibition of the business of a financial institution without licence [S29-CSQ]

Section 20. Grant of licence [S29-CTH]

Section 21. Maintenance of records and furnishing of returns [S29-CVK]

Section 22. Powers of authorised officer [S29-CWX]

Section 23. Power to issue directions [S29-CXZ]

Section 24. Power to exempt [S29-CYS]

Section 25. Registration of secureds creditor [S29-CZV]

Section 26. Prohibition of the business of banking without licence [S29-D04]

Section 27. Grant of licence [S29-D16]

Section 28. Maintenance of records and furnishing of returns [S29-D20]

Section 29. Powers of authorised officer [S29-D32]

Section 30. Power to issue directions [S29-D4C]

Section 31. Power to exempt [S29-D5E]

Section 32. Registration of borrowers [S29-D68]

Section 33. Prohibition of the making of deposits without licence [S29-D7A]

Section 34. Grant of licence [S29-D8M]

Section 35. Maintenance of records and furnishing of returns [S29-D9P]

Section 36. Powers of authorised officer [S29-DAG]

Section 37. Power to issue directions [S29-DBJ]

Section 38. Penalty for contravention [S29-DCW]

Section 39. Offences by companies [S29-DDY]

Section 40. Appeal [S29-DER]

Section 41. Cognizance of offences [S29-DFT]

Section 42. Protection of action taken in good faith [S29-DG1]

Section 43. Power to make rules [S29-DH3]

Section 44. Power to remove difficulties [S29-DJ5]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (2)

Commences: Notification S.O. 120(E), dated 26th April, 2020 [N12-KAS], 7 May 2020. "shall come into force".

Exempts: Notification S.O. 3169(E), dated 25th May, 2024 [N12-NPW], 25 May 2024. "section 4 of the said Act".

Not held (1)

"section 3 of the Reserve Bank of India Act, 1934"

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