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        SEBI

        Section 28C - Powers of Board not to apply to International Financial Services Centre

        Securities and Exchange Board of India Act, 1992
        Chapter VII
        MISCELLANEOUS

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        Jurisdictional exclusion of securities regulator authority: IFSC Authority governs permitted financial products, services and institutions in IFSCs. Section 28C provides that the Board's powers under the Act shall not extend to an International Financial Services Centre established under the Special Economic Zones Act, and that regulation of financial products, financial services and financial institutions permitted in such centres shall be exercisable by the International Financial Services Centres Authority established under the International Financial Services Centres Authority Act.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Jurisdictional exclusion of securities regulator authority: IFSC Authority governs permitted financial products, services and institutions in IFSCs.

                              Section 28C provides that the Board's powers under the Act shall not extend to an International Financial Services Centre established under the Special Economic Zones Act, and that regulation of financial products, financial services and financial institutions permitted in such centres shall be exercisable by the International Financial Services Centres Authority established under the International Financial Services Centres Authority Act.


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