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Regulation 17 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
17. (1) A Pension Fund may also offer a healthcare benefit option that allows Subscriber to allocate a portion of his pension contribution towards a dedicated healthcare savings account, information about which shall be included in Scheme Information Document. (2) The healthcare benefit option offered in a Scheme by the Pension Fund shall comply with the requirements specified in the Second Schedule. =============... ... ...
Circular No. PUBLIC NOTICE No. 26/2020 Dated:- 21-2-2020 Trade Notice Dated:- 21-2-2020 Trade Notice
OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III) GROUP-III, JAWAHARLAL NEHRU CUSTOMS HOUSE, VILL. SHEVA, TAL. URAN, DISTT.RAIGAD, MAHARASHTRA - 400707 F/No. -S/26-Misc-270/18-19/Gr. III JNCH Date: 21.02.2020 PUBLIC NOTICE No. 26/2020 DIN NO. 20200278NV00006G6A33 SUB: -REG Attention of the importers, exporters, Customs Brokers and all other stakeholders is invited to above cited subject matter of constitution of trade advisory expert valuers nominated for valuation / exa... ... ...
Regulation 16 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
16. A Subscriber shall have the right to nominate one or more persons, or change such nomination(s), who shall receive the accumulated corpus in the event of his death. =============... ... ...
Regulation 15 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
15. (1) A Subscriber shall have the right to change the Pension Fund up to a maximum of two (2) times per Financial Year. (2) The Authority may specify the mechanism for interoperability with other pension systems, subject to bilateral agreements and applicable regulatory approvals. =============... ... ...
Regulation 14 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
14. (1) The withdrawal and exit options available to a Subscriber under a Scheme shall be as under: (a) Provision for partial withdrawal (Pre-retirement): Limited partial withdrawals may be permitted for higher education, marriage, critical illness, housing, or any other purposes as maybe specified by the Authority, after completion of a minimum lock-in period of five years: Provided that the amount of partial withdrawal shall not exceed seventy-five percent of Subscriber's... ... ...
Regulation 13 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
13. (1) Each Scheme offered by a Pension Fund shall be constituted as a trust. (2) A Pension Fund shall seek prior approval of the Authority for each new Scheme, or any material modification proposed to be made to an existing Scheme, as the case may be, by filing requisite details with the Authority. (3) The filing referred to in sub-regulation (2) shall, inter alia, include the Scheme Information Document and such other information as may be required by the Authority. (4) A Pension... ... ...
Regulation 12 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
12 (1) Pension Fund may offer a range of investment options, including: (a) Active choice: Subscribers may actively choose their asset allocation across various asset classes within the specified limit; and (b) Auto choice (life cycle fund): A default option where asset allocation changes automatically based on the Subscriber's age, gradually shifting from aggressive to conservative, as they approach retirement. (2) Each Scheme shall have a clearly defined investment... ... ...
Regulation 11 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
CHAPTER III SCHEME FEATURES 11. (1) A Pension Fund shall provide Subscribers with the flexibility to determine the frequency and amount of their contributions. (2) A Pension Fund may fix a minimum contribution amount, with the prior approval of the Authority. =============... ... ...
Regulation 10 of the International Financial Services Centres Authority (Pension Fund) Regulations, ...
10. A Pension Fund shall, at all times: (a) maintain a fully functional office within the International Financial Service Centre, which is adequate for its current and projected operations, including investment management, risk management, compliance, and administrative functions, and such office shall be equipped with necessary infrastructure, including but not limited to, a secure information technology system, communication facilities and data storage capabilities; Expla... ... ...
Regulation 9 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
9. (1) The Authority, upon being satisfied that the applicant fulfils the eligibility criteria and requirements specified in these regulations, may grant a certificate of registration as a Pension Fund, subject to the payment of the applicable fee. (2) The grant of registration may be subject to such terms and conditions as the Authority deems fit, including, but not limited to, compliance with specific operational or financial requirements. (3) If the Authority, upon the examination o... ... ...
Regulation 8 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
8. (1) The Authority may require the applicant to furnish any additional information or clarification for considering the application. (2) While considering an application, the Authority may also require the applicant to appear before it for personal representation or clarification. (3) The Authority may also undertake inspection of the applicant's office prior to the grant of certificate of registration. =============... ... ...
Regulation 7 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
7. (1) A Pension Fund shall ensure that all its director(s), Key Managerial Personnel(s) and controlling shareholders are 'fit and proper' persons at all times, as per the criteria specified in the First Schedule. (2) Any person who has been declared not to be a 'fit and proper' person by an order of a regulatory authority shall not be eligible to seek registration, or be a director, Key Managerial Personnel, or controlling shareholder, as the case may be, until such person satisfies the ... ... ...
Regulation 6 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
6. (1) The applicant shall appoint a minimum of two Key Managerial Personnels who shall be responsible for the activities of the Pension Fund, including but not limited to, fund management, risk management, etc. (2) The Pension Fund shall additionally appoint a Compliance Officer who shall be a Key Managerial Personnel for overall compliance of these regulations and other applicable laws and he shall report directly to the Board. (3) The employees appointed in accordance with sub-regul... ... ...
Regulation 5 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
5. (1) The applicant shall be an entity incorporated as a company in the International Financial Services Centre, or a branch of a company incorporated outside the International Financial Services Centre: Provided that the branch structure is permitted only for a Pension Fund which is already registered or regulated by a financial sector regulator in India or a foreign jurisdiction for undertaking similar activities. (2) The Board of the applicant shall consist of at least four directo... ... ...
Regulation 4 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
CHAPTER II REGISTRATION AND ELIGIBILITY OF PENSION FUND 4. (1) No person shall act as a Pension Fund under these regulations unless it has obtained a certificate of registration from the Authority as a Pension Fund. (2) An entity desirous of obtaining a certificate of registration from the Authority as a Pension Fund shall submit an application form through SWIT, accompanied by such fees and documents and in such manner as may be specified by the Authority. (3) The applicant, whi... ... ...
Regulation 3 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
3. (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meanings as assigned to them below, and their cognate expressions shall be construed accordingly, - (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Authority" means the International Financial Services Centres Authority established under the sub-section (1) of section 4 of the Act; (c) "Board" refers to the ... ... ...
Regulation 2 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
2. These regulations provide the regulatory framework for registration, regulation and supervision of the Pension Funds in the International Financial Services Centre in India, with the objectives of establishing a robust framework for long-term retirement savings, promoting a secure and transparent environment for subscribers, protecting their interests and maintaining the integrity of the pension ecosystem in IFSC. =============... ... ...
Regulation 1 of the International Financial Services Centres Authority (Pension Fund) Regulations, 2...
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 30th March, 2026 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (PENSION FUND) REGULATIONS, 2026 F. No. IFSCA/GN/2026/007.-In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019; clause (b) of sub-section (1) read with sub-section (2) of section 1... ... ...
Notification No. IFSCA/GN/2026/ 11 Dated:- 25-8-2026 Indian Law
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 25th August, 2026 International Financial Services Centres Authority (Employees' Service) Regulations, 2026 IFSCA/GN/2026/ 011-. In exercise of the powers conferred by sub-sections (1) and (2) of section 11, read with section 28 of the International Financial Services Centres Authority Act, 2019, the Authority hereby makes the following regulations, namely :- CHAPTER I PRELIMINARY 1. Short T... ... ...
Circular No. PUBLIC NOTICE NO. 28/2020 Dated:- 26-2-2020 Trade Notice Dated:- 26-2-2020 Trade Notice
OFFICE OF THE COMMISSIONER OF CUSTOMS (NS - II), JAWAHARLAL NEHRU CUSTOM HOUSE, SHEVA, TAL - URAN, DIST - RAIGAD, MAHARASHTRA - 400 707. F. No. S/26-Misc-569/2017 EPCG Mon. Cell JNCH Date: 26.02.2020 PUBLIC NOTICE NO. 28/2020 Subject : - reg. Attention of all the concerned EPCG Licence holders is invited to Standing Order No. 70/2016 dated 25.11.2016. As per the said SO, 311 EODCs under the EPCG authorization scheme licences, have been received till 25.02.2020. Out of these... ... ...