Powers of Reserve Bank not to apply to IFSC [ Section 44A ]

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....s that Notwithstanding anything contained in any other law for the time being in force, the powers exercisable by the Reserve Bank under this Act,- (a) shall not extend to an International Fi....

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....n the International Financial Services Centres are concerned. Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS) • I....