India Approves Units in International Financial Services Centre within SEZs u/r 17, SEZ Rules, 2006.
The Central Government of India has issued a notification regarding the establishment and approval of units in an International Financial Services Centre within Special Economic Zones (SEZs), in accordance with rule 17 of the SEZ Rules, 2006. These units must adhere to guidelines and regulations set by the Reserve Bank of India, the Securities and Exchange Board of India, and the Insurance Regulatory and Development Authority of India. The notification includes amendments to the Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in SEZ) Rules, 2015, and other relevant regulations, ensuring compliance with the Special Economic Zones Act, 2005.
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