System Providers must submit an audited annual balance sheet, profit and loss account, and Auditor's report within three months after annual accounts close. The filing period may be extended, on application, by up to a further three months. The same financial statements and Auditor's report submitted to the Authority must be published on the System Provider's website.

Every System Provider is subject to a continuing regulatory reporting obligation to furnish returns, documents and other information required by the Authority. The obligation applies whenever the Authority requires such material and extends to each category of returns, documents or information requested. Submissions must be made in the form specified by the Authority, ensuring compliance with its prescribed reporting and information requirements.

System participants must comply with regulations, guidelines, instructions and directions issued by the Authority concerning payment-instruction formats and other matters within specified statutory categories. The Authority's issued requirements govern applicable payment-system standards and obligations for every system participant.

System Providers must maintain ongoing compliance, to the extent applicable, with the Principles for Financial Market Infrastructures issued by CPMI and IOSCO, along with further norms specified from time to time under the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024. The requirement creates a continuing standards-based compliance framework for payment and settlement system providers.

Applications for exemption from authorisation must state the rationale supporting the request. After considering the application and other available information, the Authority may accept the request with or without conditions, or reject it. The decision must be communicated to the applicant within ninety days from the application date.

Authorisation certificates for commencing a Payment System may be issued after examination of the application and satisfaction of statutory authorisation conditions. Issue of the certificate requires payment of a non-refundable fee specified for each sub-category of payment system operator. The Authority may impose additional conditions, and continued force of the authorisation depends on compliance with them. Where necessary for proper conduct of the Payment System, an applicant may be required to furnish a security deposit of a specified amount.

In-principle approval for payment-system authorisation may be issued following consideration of an authorisation application. Such approval requires the applicant to satisfy the statutory conditions for authorisation prescribed by the governing Act and any further conditions stipulated by the Authority. It remains preliminary in character and does not, by itself, confer an entitlement to authorisation.

Every person seeking to commence or carry on a Payment System in an International Financial Services Centre must apply to the Authority for authorisation. The application must be submitted in the form and manner specified by the Authority and accompanied by a non-refundable application fee.

Definitions for payment and settlement systems identify the governing Act, Authorisation Certificate, regulatory Authority, supervisory Board, and International Financial Service Centre. Terms not expressly defined are assigned meanings under relevant payment systems, reserve banking, banking regulation and international financial services centre laws, including subordinate legislation and statutory modifications or re-enactments.

The regulatory objective is to lay down the process for the authorisation and operation of payment systems in International Financial Services Centres. The framework addresses payment-system authorisation and the operation of such systems within those centres.

Payment and settlement systems in International Financial Services Centres are governed by the International Financial Services Centres Authority (Payment and Settlement Systems) Regulations, 2024, made under enabling powers in the International Financial Services Centres Authority Act, 2019 and the Payments and Settlement Systems Act, 2007. Legal operation begins upon publication in the Official Gazette.

Registered persons manufacturing pan masala and specified tobacco products must report each filling and packing machine electronically in FORM GST SRM-I. Existing manufacturers must file machine particulars within thirty days of commencement; later registrants must do so within fifteen days of registration. Added machines, changes in declared capacity and disposal must be reported within twenty-four hours, and a unique machine registration number is generated. A Chartered Engineer certificate in FORM GST SRM-III is required for declared machines and must be refreshed where machine details are amended. FORM GST SRM-II requires monthly reporting of inputs, production and power consumption by the tenth day of the succeeding month.

GST registration may be cancelled for continuous non-filing of returns, but cancellation does not discharge pre-cancellation tax liabilities. Before cancellation, Rule 22(4) requires proceedings to be dropped where the taxpayer files all pending returns and pays tax, interest and late fee. Post-cancellation revocation under Rule 23 is a separate mechanism requiring complete filing and payment compliance within the applicable time limits. Conditional restoration may be appropriate where liabilities are fully regularised, while absence of fraud does not excuse default or replace statutory compliance.

FAST-DS 2026 eligibility is queried for disclosure of a foreign bank account where historical statements before October 2018 are unavailable under the bank's retention policy. The bank has confirmed the unavailability by email, while statements from October 2018 through closure in 2022 are available. Salary slips and W-2 records cover the full period, and all deposits are asserted to be fully taxed employment salary earned during the non-resident period. The issue is whether missing historical statements prevent filing despite alternative evidence.

Aria Weddings is launched by Bizspoke Pvt. Ltd. and Sol Production LLP as a luxury weddings and celebrations venture offering end-to-end planning, design and execution for personalised, experience-led celebrations across India and select international destinations. Its services cover concept development, experience and de cor design, entertainment, production, on-ground execution, photography, films and other visual content.

From commencement, the earlier issuance and listing framework is superseded. Actions, acts, and purported actions taken or commenced before commencement under that framework retain legal continuity and are deemed to have been taken, commenced, or done under the corresponding provisions of the current regulations.

Regulation 130 empowers the Authority to prescribe norms, procedures, processes and additional requirements through circulars, guidelines or directions for implementation and related matters. Requirements under Regulations 80, 81, 82 and 126 require public consultation and approval at a meeting of the Authority before specification. Guidance notes or circulars may clarify difficulties in application or interpretation.

The Authority may record written reasons to exempt or relax strict enforcement of listing requirements where doing so serves investor interests or financial-market development in IFSC. An applicant must submit details and grounds for the requested exemption or relaxation and pay the non-refundable fee specified by the Authority.

Information submission by issuers requires submission of all information sought by the Authority or recognised stock exchange(s) relating to the securities market. The requirement applies to every request for information connected with the securities market, whether made by the Authority or by a recognised stock exchange, and obliges issuers to provide the full information sought.

Regulation 127 authorises a recognised stock exchange to compulsorily delist an issuer's securities or permitted financial products where they have remained suspended for more than six months, have been compulsorily delisted by another exchange, or where special circumstances warrant removal. The delisting power may also be exercised where the Authority, another relevant authority, or a court having jurisdiction directs that such securities or products be delisted.