Foreign Exchange regulations enable RBI to regulate financial institutions in IFSCs effective on Gazette publication. The Reserve Bank, exercising statutory empowerment under the Foreign Exchange Management Act, issues the Foreign Exchange Management (International ... Summary
Foreign Exchange regulations enable RBI to regulate financial institutions in IFSCs effective on Gazette publication.
The Reserve Bank, exercising statutory empowerment under the Foreign Exchange Management Act, issues the Foreign Exchange Management (International Financial Services Centre) Regulations, 2015, to govern financial institutions established in International Financial Services Centres and provides that the Regulations come into force upon publication in the Official Gazette.
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