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Foreign Exchange Management (International Financial Services Centre) Regulations 2015

FEMA - 339/2015-RB - Dated:- 2-3-2015 - RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 339/2015-RB Dated: March 02, 2015 G.S.R.No.218(E) - In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations relating to financial institutions set up in International Financial Services Centres, namely:- 1. Short title and commencement:- i. These regulat .....

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receding categories engaged in rendering financial services or carrying out financial transactions. Explanation: For the purpose of this sub-regulation, and without any loss of generality of the above, the expression financial institution shall include banks, non-banking financial companies, insurance companies, brokerage firms, merchant banks, investment banks, pension funds, mutual funds, trusts, exchanges, clearing houses, and any other entity that may be specified by the Government of India .....

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bill of exchange or promissory note, or transferring any security or acknowledging any debt. (e) FMC shall mean the Forward Market Commission established under the Forward Contracts (Regulation) Act, 1952 (74 of 1952). (f) International Financial Services Centre or IFSC shall have the same meaning given in Section 2 (q) of the Special Economic Zones Act, 2005 (28 of 2005). (g) IRDA shall mean mean the Insurance Regulatory and Development Authority established under the Insurance Regulatory and .....

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