Explanation: IFSCA regulates financial products such as securities, deposits or contracts of insurance, financial services, and financial institutions which have been previously approved by any appropriate regulator such as Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) etc., in an IFSC. It will also regulate any other financial products, financial services, or financial institutions in an IFSC, which may be notified by the central government. It may also recommend to the central government any other financial products, financial services, or financial institutions, which may be permitted in an IFSC. The International Financial Services Centres Authority will consist of nine members, appointed by the central government. They will include chairperson of the authority, a member each from the RBI, SEBI, the Insurance Regulatory and Development Authority of India (IRDAI), and the Pension Fund Regulatory and Development Authority (PFRDA); and two members from the Ministry of Finance. In addition, two other members will be appointed on the recommendation of a Selection Committee. Term: All members of the IFSC Authority will have a term of three years, subject to reappointment. IFSCA is not a Constitutional Body. It is created under IFSCA Act of 2019. Hence, it is a Statutory Body.
As per Section 2(d) of the Arbitration and Conciliation Act, 1996, what is the definition of "arbitral tribunal"?
An accused person may be a competent witness in his own defence under the code of Criminal Procedure 1973:
When was the Motor Vehicles Act enacted and when did it come into force?
Which of the following is the correct spelling?
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiated
If a party who has obtained an order to amend the pleadings under Civil Procedure Code, if not amended after, expiration of how many days shall not be ...
Sufficient cause within the meaning of Section 5 of Limitation Act, 1963 in computing the prescribed period may be:
What does record under the RTI Act, 2005 includes?
What are the consequences of rescission of voidable contract as per the Contract Act?
As per the Insurance Act, 1938 who has been vested with the power to appoint the controller of the Insurance?
