Chapter VI — Miscellaneous: Fund, Accounts, Audit, Reports and Exemptions
IFSCA Fund, accounting/audit obligations, annual report to Parliament, and the Central Government's power to exempt or supersede the Authority.
IFSCA Fund
Grants from the Central Government, fees and charges collected by IFSCA, and any other notified receipts are credited to the IFSCA Fund, applied to meet the Authority's own expenses (salaries, allowances, regulatory operations) under Section 23.
Accounts and audit
IFSCA maintains proper accounts audited by the Comptroller and Auditor-General of India (CAG) — placing it on the same public-accountability footing as RBI/SEBI/IRDAI/PFRDA rather than a purely self-funded private-sector-style regulator.
Annual report
IFSCA submits an annual report of its activities to the Central Government, which is laid before each House of Parliament — the primary public transparency mechanism for tracking the Authority's regulatory and developmental performance.
Power to exempt and power to supersede
The Central Government may, by notification, exempt any class of persons from specified Act provisions in the public interest, and — in extreme circumstances of persistent default or public-interest necessity — supersede the Authority itself for a specified period, appointing an administrator in the interim, under the Section 32-equivalent safeguard mirrored from the other financial-regulator statutes.