The Authority may require a TechFin and Ancillary Service Provider to furnish information, documents or records. The provider is under a duty to submit the requested material within the time specified by the Authority.

TechFin and Ancillary Service Providers must pay annual fees and any other fees specified by the Authority from time to time.

Regulation 15 authorises the Authority, for implementing the International Financial Services Centres Authority (Techfin and Ancillary Services) Regulations, 2025 and matters incidental to them, to prescribe norms, procedures, processes and additional requirements. These specifications may be issued through circulars, guidelines or directions.

The Authority may issue directions through guidance notes or circulars to address difficulties in the interpretation or application of the Techfin and Ancillary Services Regulations.

Eligibility for bail under the NDPS Act despite an alleged commercial-quantity ganja recovery depends on whether the seized substance prima facie meets the statutory definition and whether sampling was reliable. Forensic reference to flowering and fruiting tops with seeds and stalks, coupled with mixing samples from separate packets before analysis, raised doubt over classification as ganja. Prolonged custody, an unlikely early trial conclusion and absence of criminal antecedents supported satisfaction of the twin conditions for bail and bail entitlement.

Regulation 13 allows relaxation of strict enforcement of regulatory requirements where reasons are recorded in writing and relaxation serves development of the IFSC financial services market. An applicant must submit details and grounds for relaxation with the specified non-refundable fee. Complete applications, including clarification responses, must be processed within thirty days, and written reasons must be recorded for acceptance or refusal.

Reporting requirements oblige each TechFin and Ancillary Service Provider to furnish the Authority with information concerning its operations in the manner, at the intervals and in the form specified by the Authority. Financial reporting to the Authority must be made in US Dollar unless the Authority specifies otherwise. Authority-determined parameters govern the reporting process and any departure from the prescribed currency for financial reports.

TechFin and Ancillary Service Providers must conduct operations in any Specified Foreign Currency and maintain their balance sheets in any Specified Foreign Currency. They may additionally open an INR account to defray administrative and statutory expenses and for other purposes permitted under applicable laws.

TechFin and Ancillary Service Providers may serve only non-resident intermediaries and service recipients from jurisdictions not identified as high-risk jurisdictions subject to a call for action. Residents may receive services solely to establish an office in an International Financial Services Centre or overseas.

TechFin and Ancillary Service Providers must appoint or designate a principal officer responsible for overall activities and a compliance officer responsible for compliance, record maintenance, implementation of applicable requirements, and organisational reporting. Principal officer appointment is optional, subject to approval, where services are exclusively provided to Group Entities in the IFSC. Both officers must be full-time employees and based in the IFSC.

TechFin and Ancillary Service Providers must abide by the Code of Conduct specified in the Fourth Schedule. Compliance with that Schedule is a mandatory condition governing the conduct of every TechFin and Ancillary Service Provider. The Fourth Schedule identifies the conduct standards with which providers are required to comply under the TechFin and Ancillary Services framework.

Fit and proper requirements mandate that a TechFin and Ancillary Services Provider, its principal officer, compliance officer, directors, partners, designated partners and controlling shareholders remain fit and proper at all times. Eligibility requires a record of fairness and integrity, including financial integrity, good reputation and character, and honesty. A person declared not fit and proper by a regulatory authority cannot apply for registration until the fit and proper requirements are satisfied.

Registration as a TechFin and Ancillary Services Provider requires an application through SWIT with prescribed documents and fees. Deficiencies must be communicated and may be rectified within thirty days before rejection, subject to a reasonable opportunity for written submissions. In-principle approval may carry conditions, which must be fulfilled within one hundred eighty days unless extended. Registration may then be granted conditionally and remains valid unless suspended, cancelled, or accepted for voluntary surrender. Material changes affecting registration must be immediately disclosed.

Applicants must have an eligible legal form, including a company or limited liability partnership incorporated in the IFSC, a branch of an entity incorporated outside the IFSC, or another form permitted by the Authority. Registered partnership firms are eligible where all partners belong to a professional body or institute constituted under an Act of Parliament. Promoters and partners must not be from jurisdictions identified as high-risk jurisdictions subject to a call for action.

Entities proposing to provide TechFin or Ancillary Services in an IFSC must obtain a certificate of registration before commencing operations. Existing authorised ancillary service providers and TechFin entities must transition to registration within the prescribed period, subject to a limited extension granted by the Chairperson for recorded reasons. They remain governed by their existing regulatory frameworks until registration is granted. Registration may be issued upon a compliance declaration and the Authority's satisfaction that applicable requirements are met.

TechFin Services and Ancillary Services directly or indirectly facilitate arrangements for specified financial services. Registered providers may deliver scheduled services directly or indirectly, but cannot undertake Third Schedule services. Intermediary arrangements require direct delivery to the Service Recipient without intervening layers, a demonstrable and traceable service flow, and a link between both service legs and the recipient's financial-services activity. Group Entities include parent-subsidiary, joint-venture, associate, common-brand, significant investment, and network relationships.

Regulatory framework for TechFins and Ancillary Services Providers is established to facilitate arrangements for carrying on any financial services specified under the International Financial Services Centres Authority Act, 2019. Its scope extends to the financial services listed in sub-clauses (i) to (xi) of clause (e) of section 3(1), identifying services for which arrangements may be made for carrying on such services.

International Financial Services Centres Authority (TechFin and Ancillary Services) Regulations, 2025 are made under statutory powers conferred on the Authority. Regulation 1 gives the regulations their formal short title and makes their commencement contingent on publication in the Official Gazette. Their legal operation begins on the date of such publication.

PowerTel's critical information infrastructure, including specified network, security, authentication, directory, domain name and anti-DDoS resources and associated dependencies, is declared protected systems under Section 70 of the Information Technology Act, 2000. Access requires written authorisation by PowerTel and may be granted to designated employees, need-based managed service provider or vendor personnel, and consultants, regulators, government officials, auditors and stakeholders on a case-by-case basis.

Electronic filing of PGIRP-1 to PGIRP-6 for monitoring insolvency resolution processes involving personal guarantors to corporate debtors remains subject to an extended compliance timeline. The deadline for submission of all applicable forms is extended until 31 December 2026. Penalties for delayed submission or modification will be levied only after that date.