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    <title>Procedure for Setting up an International Finance Service Centre (IFSC) unit in SEZ</title>
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    <description>Application for an IFSC unit in an SEZ requires submission of Form F with corporate/partner documents, identity and financial records, developer provisional allotment, sectoral approvals and a demand draft to the Development Commissioner. The designated Approval Committee (or the Development Commissioner acting in its stead) considers applications and issues a Letter of Approval (LOA) in Form G on approval. Units must execute a notarized Bond Cum LUT (Form H), submit a registered lease deed within six months, obtain sectoral regulator permissions before commencing operations, and meet net foreign exchange and recordkeeping obligations under the SEZ Act and Rules.</description>
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