TaxTMI 
TaxTMI 
International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2022
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.... IFSCA/2022-23/GN/REG025.- In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the following regulations further to amend the International Financial Services Centres Auth....
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....fter clause (d) of sub-regulation (1) of regulation 2, following clauses shall be inserted, namely,- "(da) "Global Administrative Office" or "GAO" means a financial institution set up by its Parent Bank in IFSC for undertaking any one or more of the following activities, namely: (i) managing, administering, or coordinating operations of the Parent Bank or any of the Group entitie....
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.... (d), or an Indian Bank as defined under sub-regulation (f), or both, that intends to, or has set up a Banking Unit or Representative Office or Regional Administrative Office; 5. In the Principal Regulations, after clause (l) of sub-regulation (1) of regulation 2, following clause shall be inserted, namely,- "(la) "Representative Office" or "RO" means a financial institution set up by ....
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.... the Authority." INJETI SRINIVAS, Chairperson [ADVT.-III/4/Exty./152/2022-23] Note: 1. The International Financial Services Centres Authority (Banking) Regulations, 2020 were published in the Gazette of India Extraordinary vide notification No. IFSCA/2020-21/GN/REG004 on 20th November 2020, to be read with the Corrigendum published in the Gazette of India Extraordinary vide notificatio....