The International Financial Services Centres Authority Act, 2019

This 2022 Bare-Act edition of The International Financial Services Centres Authority Act, 2019 (No. 50 of 2019, dt. 20-12-2019) places at your fingertips the complete statute that creates India’s first unified regulator for all banking, capital-market, insurance and pension activity inside IFSCs (beginning with GIFT City, Gujarat).

Inside this compact ₹ 50 handbook

• Full text of the principal Act—objectives, definitions, constitution and tenure of the IFSCA, transfer of powers from SEBI, RBI, IRDAI & PFRDA, finance & audit framework, regulation-making power (s.28), enforcement, civil-penalty regime and appellate jurisdiction

• Schedule on transitional provisions for seamlessly migrating existing SEZ-based entities

• Section-wise marginal notes for quick exam revision

• Publisher’s short comments flagging:

– latest IFSCA regulations on fintech sandbox, bullion exchange, aircraft leasing, capital markets, banking & insurance

– interplay with FEMA, SEZ Act, Companies Act & Insolvency Code

– roadmap for “look-east” competitiveness vs DIFC, ADGM, MAS

Practical utility

• Compliance teams map every IFSCA return, licensing timeline and penalty under one cover

• Consultants draft applications for stock-exchange, banking-unit or fund-management licence referencing correct statutory section numbers

• Law- & finance-examinees (CA, CS, CMA, LLB, UPSC) capture an emerging regime in < 80 pages

Carry this slim yellow companion to the boardroom, classroom or GIFT-City site visit and quote the law—verbatim.