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        FEMA

        Section 44A - Powers of Reserve Bank not to apply to International Financial Services Centre

        Foreign Exchange Management Act, 1999
        Chapter VII
        MISCELLANEOUS

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        Reserve Bank powers limited: IFSC Authority regulates permitted financial products, services and institutions within IFSCs. Powers exercisable by the Reserve Bank under the Foreign Exchange Management Act do not extend to an International Financial Services Centre; regulation of financial products, financial services and financial institutions permitted in such Centres is exercisable by the International Financial Services Centres Authority established by statute.
                        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.

                              Reserve Bank powers limited: IFSC Authority regulates permitted financial products, services and institutions within IFSCs.

                              Powers exercisable by the Reserve Bank under the Foreign Exchange Management Act do not extend to an International Financial Services Centre; regulation of financial products, financial services and financial institutions permitted in such Centres is exercisable by the International Financial Services Centres Authority established by statute.


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