https://www.taxtmi.com/news?id=21067 Establishes a unified authority to regulate all permitted financial services, products and financial institutions within IFSCs, consolidating powers formerly exercised by sectoral regulators. The Authority will have a Chairperson, regulator-nominated and government-nominated members, and other members; its procedures will follow the provisions of the respective Acts applicable to each financial activity. It may regulate notified services and recommend additional permissions; the Central Government may grant funds. Transactions in IFSCs shall be conducted in foreign currency as specified by the Authority in consultation with the Central Government. en-us Thu, 07 Feb 2019 10:06:04 +0530 Thu, 07 Feb 2019 10:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21067 Establishes a unified authority to regulate all permitted financial services, products and financial institutions within IFSCs, consolidating powers formerly exercised by sectoral regulators. The Authority will have a Chairperson, regulator-nominated and government-nominated members, and other members; its procedures will follow the provisions of the respective Acts applicable to each financial activity. It may regulate notified services and recommend additional permissions; the Central Government may grant funds. Transactions in IFSCs shall be conducted in foreign currency as specified by the Authority in consultation with the Central Government. News - Thu, 07 Feb 2019 10:06:04 +0530 https://www.taxtmi.com/news?id=21067