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INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY ACT, 2019
Section
Section Title
PREAMBLE
1
Short title and commencement
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2
Application
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3
Definitions
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4
Establishment and incorporation of Authority
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5
Composition of Authority
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6
Terms of office and conditions of service of Chairperson and other Members
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7
Removal of Member from office
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8
Meetings of Authority
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9
Vacancies, etc., not to invalidate proceedings of Authority
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10
Administrative powers of Chairperson
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11
Officers and other employees of Authority
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12
Functions of Authority
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13
Powers of Authority in relation to financial products, financial services and financial institutions
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14
Grants by Central Government
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15
Fund of Authority
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16
Accounts and audit
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17
Performance Review Committee
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18
Maintenance of website
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19
Returns and reports
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20
Transactions in foreign currency
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21
Power to issue directions
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22
Power of Central Government to supersede Authority
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23
Delegation of powers
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24
Members, officers and employees of the Authority to be public servants
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25
Protection of action taken in good faith
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26
Exemption from tax
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27
Power to make rules
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28
Power to make regulations
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29
Rules and regulations to be laid before Parliament
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30
Overriding effect
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31
Power to modify provisions of other enactments in relation to International Financial Services Centres
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32
Power to remove difficulties
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33
Amendment to certain enactments
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34
Savings
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