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of <h1>International Financial Services Centres Authority Act, 2019: Establishment and Powers of Corporate Body for Financial Services.</h1> The International Financial Services Centres Authority Act, 2019 mandates the establishment of the International Financial Services Centres Authority by the Central Government through notification. This Authority is a corporate body with perpetual succession and a common seal, empowered to engage in contracts and manage property. It can initiate or face legal proceedings under its designated name. The head office location is determined by the Central Government, which may also approve the establishment of additional offices within or outside India.
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