International Financial Services Centre approval requires central government authorization and permits only one IFSC per special economic zone. An International Financial Services Centre is an IFSC approved by the Central Government under section 18(1) of the Special Economic Zones Act; the Central Government may prescribe requirements for its setup and operation and shall approve only one IFSC in any given Special Economic Zone.
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Provisions expressly mentioned in the judgment/order text.
International Financial Services Centre approval requires central government authorization and permits only one IFSC per special economic zone.
An International Financial Services Centre is an IFSC approved by the Central Government under section 18(1) of the Special Economic Zones Act; the Central Government may prescribe requirements for its setup and operation and shall approve only one IFSC in any given Special Economic Zone.
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