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<h1>Finance Companies in IFSC u/s 94B Can Engage in Lending, Securitization, Leasing, and Treasury Functions.</h1> Finance companies located in an International Financial Services Centre under section 94B are permitted to engage in activities such as lending, credit enhancement, securitization, financial leasing, factoring, and forfaiting of receivables. They may also perform treasury functions like borrowing, lending, hedging, cash management, and intra-group financing. Interest on debts issued by non-residents must be paid in foreign currency. A 'Finance Company' is defined by the International Financial Services Centres Authority Regulations, 2021, and 'International Financial Services Centre' is defined by the Special Economic Zones Act, 2005.