Rationalisation of certain terms for treasury centres in IFSC

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....o group entities, where, __ (A) one of the group entities is a "Finance company" or a "Finance unit"; and (B) the parent entity or principal entity of such group is listed on stock exchange in a country or territory outside India other than the country or territory outside India as may be specified by the Board in this behalf; 2. In order to rationalise the said provision, it is proposed to a....

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....ces Authority (Payment Services) Regulations, 2024 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "parent entity" or "principal entity" in relation to one or more other group entities, shall be an entity of which other group entities are subsidiary and such entity, __ (i) exercises or controls more than one-half of the total voting power either at....