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International Financial Services Centres Authority (Informal Guidance) Scheme, 2024
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Informal guidance scheme provides no action and interpretive letters to clarify IFSC regulatory issues, non binding and confidential.
The Scheme provides a mechanism for seeking informal guidance from the Authority via no action and interpretive letters on regulatory provisions administered in the IFSC. Eligible applicants must file electronically with prescribed disclosures; Departments may seek clarifications, target disposal within a stated timeline excluding applicant response time, and may decline ineligible or duplicative requests. Guidance will be published with a limited confidentiality period, is non binding and not an Authority order, and may be set aside if obtained by fraud or misrepresentation.
Procedure for Circulation of Letters for Adjournment of Cases
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Adjournment letters procedure requires prescribed form submission, mandatory consent, and restricts consecutive adjournments.
Procedure requires submission of adjournment requests in the prescribed Annexure A format by email, stating specific reasons and number of prior adjournments, and obtaining mandatory consent/no objection from advocates/parties or caveator before a single circulation by a party. Circulation is barred in bail-related matters, cases with exemption from surrender, cases with an interim order favoring the applicant, and suspension of sentence requests. Two consecutive adjournments are prohibited without listing; adjourned matters must be listed within four weeks with a firm date and approved requests will be notified on the Court website.

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Acts Income Tax