The Authority may issue directions through guidance notes or circulars to address difficulties in the interpretation or application of the Techfin and Ancillary Services Regulations.

Eligibility for bail under the NDPS Act despite an alleged commercial-quantity ganja recovery depends on whether the seized substance prima facie meets the statutory definition and whether sampling was reliable. Forensic reference to flowering and fruiting tops with seeds and stalks, coupled with mixing samples from separate packets before analysis, raised doubt over classification as ganja. Prolonged custody, an unlikely early trial conclusion and absence of criminal antecedents supported satisfaction of the twin conditions for bail and bail entitlement.

Regulation 13 allows relaxation of strict enforcement of regulatory requirements where reasons are recorded in writing and relaxation serves development of the IFSC financial services market. An applicant must submit details and grounds for relaxation with the specified non-refundable fee. Complete applications, including clarification responses, must be processed within thirty days, and written reasons must be recorded for acceptance or refusal.

Reporting requirements oblige each TechFin and Ancillary Service Provider to furnish the Authority with information concerning its operations in the manner, at the intervals and in the form specified by the Authority. Financial reporting to the Authority must be made in US Dollar unless the Authority specifies otherwise. Authority-determined parameters govern the reporting process and any departure from the prescribed currency for financial reports.

TechFin and Ancillary Service Providers must conduct operations in any Specified Foreign Currency and maintain their balance sheets in any Specified Foreign Currency. They may additionally open an INR account to defray administrative and statutory expenses and for other purposes permitted under applicable laws.

TechFin and Ancillary Service Providers may serve only non-resident intermediaries and service recipients from jurisdictions not identified as high-risk jurisdictions subject to a call for action. Residents may receive services solely to establish an office in an International Financial Services Centre or overseas.

TechFin and Ancillary Service Providers must appoint or designate a principal officer responsible for overall activities and a compliance officer responsible for compliance, record maintenance, implementation of applicable requirements, and organisational reporting. Principal officer appointment is optional, subject to approval, where services are exclusively provided to Group Entities in the IFSC. Both officers must be full-time employees and based in the IFSC.

TechFin and Ancillary Service Providers must comply with the Code of Conduct specified in the Fourth Schedule under the International Financial Services Centres Authority (Techfin and Ancillary Services) Regulations, 2025.

TechFin and Ancillary Services Providers must continuously ensure that the entity and specified officers, partners, directors, and controlling shareholders are fit and proper. The standard requires fairness, integrity, financial integrity, reputation, character, and honesty. Criminal, enforcement, regulatory, insolvency, financial, and mental-capacity disqualifications preclude eligibility. A person declared not fit and proper cannot apply for registration until the requirements are satisfied.

Registration as a TechFin and Ancillary Services Provider requires an application through SWIT with prescribed documents and fees. Deficiencies must be communicated and may be rectified within thirty days before rejection, subject to a reasonable opportunity for written submissions. In-principle approval may carry conditions, which must be fulfilled within one hundred eighty days unless extended. Registration may then be granted conditionally and remains valid unless suspended, cancelled, or accepted for voluntary surrender. Material changes affecting registration must be immediately disclosed.

Registration eligibility extends to companies and limited liability partnerships incorporated in the IFSC, branches of companies or LLPs incorporated outside the IFSC, and other forms permitted by the Authority. Partnership firms may apply if every partner belongs to a professional body or institute constituted by Parliament. Promoters or partners must not be from FATF-designated high-risk jurisdictions subject to a call for action.

Entities proposing to provide TechFin or Ancillary Services in an IFSC must obtain a certificate of registration before commencing operations. Existing authorised ancillary service providers and TechFin entities must transition to registration within the prescribed period, subject to a limited extension granted by the Chairperson for recorded reasons. They remain governed by their existing regulatory frameworks until registration is granted. Registration may be issued upon a compliance declaration and the Authority's satisfaction that applicable requirements are met.

TechFin and Ancillary Services are defined as technology solutions or support services that directly or indirectly aid arrangements for specified financial services. A registered TechFin and Ancillary Service Provider may supply scheduled services for that purpose but cannot undertake services included in the Third Schedule. Intermediary arrangements require demonstrable and traceable service flows, with both service stages facilitating specified financial services carried on by the Service Recipient. Group Entity relationships include parent-subsidiary, joint venture, associate, common-brand, qualifying equity or capital contribution, and network relationships.

Regulation 2 establishes a regulatory framework for TechFins and Ancillary Services Providers to make arrangements for carrying on specified financial services. The framework applies to the financial services identified in the statutory list governing the International Financial Services Centres Authority and establishes the regulatory basis for providers operating in relation to those services.

International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025 are made under section 28(1), read with section 12(1), of the International Financial Services Centres Authority Act, 2019. Their short title identifies a regulatory framework concerning TechFin and ancillary services in International Financial Services Centres. They take effect on publication in the Official Gazette.

PowerTel's critical information infrastructure, including specified network, security, authentication, directory, domain name and anti-DDoS resources and associated dependencies, is declared protected systems under Section 70 of the Information Technology Act, 2000. Access requires written authorisation by PowerTel and may be granted to designated employees, need-based managed service provider or vendor personnel, and consultants, regulators, government officials, auditors and stakeholders on a case-by-case basis.

Electronic filing of PGIRP-1 to PGIRP-6 for monitoring insolvency resolution processes involving personal guarantors to corporate debtors remains subject to an extended compliance timeline. The deadline for submission of all applicable forms is extended until 31 December 2026. Penalties for delayed submission or modification will be levied only after that date.

Section 270A imposes penalties for under-reporting or misreporting of income, but excludes under-reported income determined on an estimate where the Assessing Officer accepts the accounts as correct and complete. An interest-expenditure disallowance made on an estimated basis therefore cannot sustain a penalty under Section 270A when that exclusion applies. Penalty founded solely on such estimated disallowance is liable to be deleted.

Dynamic QR Code requirements apply to eligible business-to-consumer tax invoices issued by registered persons meeting the prescribed aggregate turnover threshold, subject to specified service, OIDAR, and export exclusions. The code must contain supplier, invoice, payment, value, and tax details and enable digital payment. Compliance is deemed where an invoice contains the code or appropriate payment cross-references for electronic or cash payments. For payments made after invoice issuance, the supplier must provide the Dynamic QR Code on the invoice. Each supplier remains responsible for compliance for supplies made through e-commerce platforms.

Each liquidation form due on or before 30 September 2026 and filed after its due date must be accompanied by a fee of Rs. 500 per month of delay, together with applicable GST. The requirement applies to delayed filings made through correction, updation, or any other post-due-date submission under Regulation 47B of the Liquidation Process Regulations.