Central Government Empowered to Make Rules under Section 27 of International Financial Services Centres Authority Act, 2019

Section 27 of the International Financial Services Centres Authority Act, 2019, grants the Central Government the authority to make rules via notification to implement the Act's provisions. These rules may address various aspects, such as the composition and constitution of the Selection Committee, the terms of service for Members, additional functions of the Authority, financial record-keeping and reporting requirements, and the format for annual reports. Additionally, the rules can cover any other prescribed matters necessary for the Act's operation.

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