International Financial Services Centre approval limited to one SEZ location; central government prescribes operational requirements under regulator guidelines. Central Government may approve establishment of an International Financial Services Centre in a Special Economic Zone, limited to only one such Centre, and may prescribe setup requirements. The Central Government may also prescribe requirements and terms of operation for Units in an IFSC, subject to guidelines framed by relevant financial regulators and other concerned authorities; the provision took effect by notification on commencement.
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.
International Financial Services Centre approval limited to one SEZ location; central government prescribes operational requirements under regulator guidelines.
Central Government may approve establishment of an International Financial Services Centre in a Special Economic Zone, limited to only one such Centre, and may prescribe setup requirements. The Central Government may also prescribe requirements and terms of operation for Units in an IFSC, subject to guidelines framed by relevant financial regulators and other concerned authorities; the provision took effect by notification on commencement.
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