IFSCA Act, 2019 — chapter-by-chapter
Chapter I — Preliminary and Establishment of IFSCAExtent of the Act, key definitions, and the constitution, composition and tenure of the International Financial Services Centres Authority.Chapter II — Powers, Functions and Regulation-MakingThe single-window regulatory jurisdiction Section 12–13 gives IFSCA over financial products, services and institutions in an IFSC, and its power to make regulations.Chapter III — Fund Management Framework OverviewHow Section 12 jurisdiction is operationalised for fund managers and investment schemes set up in GIFT City, ahead of the detailed Fund Management Regulations decode.Chapter IV — Banking, Insurance and Capital Markets Framework OverviewHow the same Section 12 single-regulator model extends to IFSC Banking Units, International Insurance Offices and Capital Market Intermediaries.Chapter V — Enforcement, Inspection and AppealsIFSCA's inspection, penalty and direction powers, and the Section 27 appeal route to the Securities Appellate Tribunal.Chapter VI — Miscellaneous: Fund, Accounts, Audit, Reports and ExemptionsIFSCA Fund, accounting/audit obligations, annual report to Parliament, and the Central Government's power to exempt or supersede the Authority.
Key IFSCA Regulations
IFSCA (Fund Management) Regulations, 2022FME categories, scheme types, minimum corpus/net-worth thresholds, sponsor commitment and custodian/valuation requirements for funds set up in GIFT City.IFSCA (Banking) Regulations, 2020IFSC Banking Unit (IBU) licensing conditions, permissible activities and prudential norms.IFSCA (Capital Market Intermediaries) Regulations, 2021Registration categories for broker-dealers, clearing members, investment bankers, portfolio managers and other intermediaries servicing the IFSC exchanges.IFSCA Insurance Framework (IIO / Reinsurance)Setting up an International Insurance Office or reinsurance branch in GIFT City, and the cross-border reinsurance-of-Indian-risk route.IFSCA Bullion Exchange Regulations (IIBX)India International Bullion Exchange structure, Qualified Jeweller gold-import route, and vaulting/depository requirements.IFSCA (FinTech Entity) Regulations, 2022Regulatory sandbox, FinTech and TechFin entity registration categories for innovation-stage financial-technology firms in GIFT City.IFSCA (Global In-House Centres) FrameworkConditions for a global financial-services group to set up a captive Global In-House Centre (GIC) in GIFT City for group support functions.
Practice masters
Entry Route Selection MasterChoosing the right IFSCA registration category — FME tier, IBU, capital-market intermediary, IIO, FinTech sandbox or GIC — before filing any application.Tax Interface Master — Section 10(4D), 80LA and GAARThe Income-tax Act concessions specific to IFSC units, and where the general anti-avoidance rule still applies.SEZ–IFSC Interface MasterHow the underlying Special Economic Zones Act, 2005 framework interacts with IFSCA registration for a GIFT City entity.Fund Structuring MasterTypical GIFT City fund structures — standalone scheme, umbrella structure, feeder-into-domestic-AIF, and LP-GP economics.Compliance Calendar MasterRecurring IFSCA filing and reporting obligations across the fund, banking, capital-market and insurance categories.Case-Law and Enforcement RegisterHow to track IFSCA enforcement orders, circulars and SAT appellate decisions relevant to an IFSC entity.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Official starting point
- ifsca.gov.in