TechFin and Ancillary Service Providers cannot provide non-outsourcable core activities, IFSCA-regulated activities, facility management, transport, logistics, construction or physical-asset management services. Prohibited facility management includes maintenance, security, housekeeping and related outsourced manpower. Services that do not constitute arrangements for carrying on specified financial services under the Act are also excluded, as determined by the Authority.

Permitted TechFin services include cloud computing, cyber security, application development, automation, enterprise software, payment-system technology infrastructure, data-centre operations, regulatory technology, supervisory technology, and solutions supporting trade finance and digital banking. They also cover artificial intelligence, digital identity, financial-crime compliance, distributed ledger technology, internet of things, metaverse technologies, quantum technology, tokenization support, and technology research and development centres. Outsourced services may be included where permitted for a home-jurisdiction regulated entity, with additional services capable of being permitted over time.

Permitted ancillary services include professional, outsourcing, fund-administration, governance, compliance, risk-management and support functions. Governance and compliance support covers internal controls, reporting, sustainability disclosures, board processes, policies, performance evaluation, related-party transaction review and shareholders' rights execution. Trusteeship and facility-agent functions are permitted, excluding separately governed debenture trustee services. Unlisted outsourced services may be undertaken where outsourcing is permitted for a regulated entity in its home jurisdiction, and additional services may be permitted by the Authority.

Existing Ancillary Service Providers and TechFin entities authorised under the earlier frameworks remain governed by them until receipt of a certificate of registration under the current regulations or until twelve months after commencement, unless extended, whichever occurs first. The earlier ancillary-services and TechFin frameworks cease after twenty-four months from commencement. Prior operation, accrued rights, privileges, obligations, liabilities, penalties, investigations, legal proceedings and remedies remain preserved.

Default action may be initiated against a TechFin and Ancillary Service Provider for contravention of applicable regulations, circulars, guidelines or directions. The Authority may take action it considers fit, but must first provide the concerned provider a reasonable opportunity to be heard through written submissions.

Inspection powers permit the Authority, acting on its own motion or on information or a complaint, to appoint one or more Inspecting Authorities to examine a TechFin and Ancillary Service Provider's books of account, records, documents, infrastructure, procedures and systems.

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.