{"id":246591,"date":"2021-04-06T19:50:26","date_gmt":"2021-04-06T14:20:26","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=246591"},"modified":"2021-04-06T18:21:35","modified_gmt":"2021-04-06T12:51:35","slug":"international-financial-services-centres-authority-banking-amendment-regulations-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/06\/international-financial-services-centres-authority-banking-amendment-regulations-2021\/","title":{"rendered":"International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">The Central Government has notified the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021 on March 31, 2021. The International Financial Services Centres Authority makes the following regulations, to amend the International Financial Services Centres Authority (Banking) Regulations, 2020, for banking and investment activities in the International Financial Services Centres. The amendment inserts the following sub regulation in regulation 13, after sub-regulation (8), in the International Financial Services Centres Authority (Banking) Regulations, 2020:<\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><span style=\"color: #000080;\">\u201c(9) offering Portfolio Management services to person resident in India and persons resident outside India.<\/span><\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><span style=\"color: #000080;\">(10) Offering Investment Advisory services to person resident in India and persons resident outside India\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Government has notified the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021 on March 31, 2021. The International Financial <\/p>\n","protected":false},"author":121,"featured_media":154904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-246591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/06\/international-financial-services-centres-authority-banking-amendment-regulations-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021\" \/>\n<meta property=\"og:description\" content=\"The Central Government has notified the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2021 on March 31, 2021. 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Conditions for the purpose of clause (4E) of section 10: (1) The income accrued or arisen\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":239063,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/12\/ifsc-authority-approves-the-international-financial-services-centres-authority-banking-regulations-2020\/","url_meta":{"origin":246591,"position":1},"title":"IFSC Authority approves the International Financial Services Centres Authority (Banking) Regulations, 2020","author":"Bhumika Indulia","date":"November 12, 2020","format":false,"excerpt":"The IFSC Authority, after detailed deliberations, approved the International Financial Services Centres Authority (Banking) Regulations, 2020. Banking constitutes one of the major focus areas of IFSC and is expected to drive and facilitate the other constituent operations in the IFSC in due course. A self-contained regulation laying down the major\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":366647,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/13\/companies-meeting-of-board-and-its-powers-rules-2014\/","url_meta":{"origin":246591,"position":2},"title":"MCA Amends Companies (Meeting of Board and its Powers) Rules, 2014: Expands Scope of &#8216;Business of Financing Industrial Enterprises&#8217; under Section 186","author":"Kriti","date":"November 13, 2025","format":false,"excerpt":"The Amendment introduces the scope of business of financing indutrial enterprises in relation to Finance Companies.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Companies (Meetings of Board and its Powers) Rules","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Companies-Meetings-of-Board-and-its-Powers-Rules.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Companies-Meetings-of-Board-and-its-Powers-Rules.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Companies-Meetings-of-Board-and-its-Powers-Rules.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/Companies-Meetings-of-Board-and-its-Powers-Rules.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":296566,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/12\/ifsc-notifies-ifsc-authority-banking-amendment-regulations-2023-legal-news\/","url_meta":{"origin":246591,"position":3},"title":"IFSC introduces definitions of IFSC Banking Company and IFSC Banking Unit","author":"Kriti","date":"July 12, 2023","format":false,"excerpt":"On 7-7-2023, the International Financial Services Centres Authority (\u2018IFSCA\u2019) notified the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 to amend the International Financial Services Centres Authority (Banking) Regulations, 2020. 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The following definitions has been inserted: \u2022 IFSC Banking Company (\u2018IBC\u2019) meaning a Banking Unit licensed\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"international financial services centres authority","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/international-financial-services-centres-authority.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/international-financial-services-centres-authority.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/international-financial-services-centres-authority.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/international-financial-services-centres-authority.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":259615,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/06\/ifsca-insurance-intermediary-amendment-regulations-2021\/","url_meta":{"origin":246591,"position":4},"title":"IFSCA (Insurance Intermediary) (Amendment) Regulations, 2021","author":"Bhumika Indulia","date":"January 6, 2022","format":false,"excerpt":"On January 04, 2022, the International Financial Services Centres Authority (IFSCA) has issued the International Financial Services Centres Authority (Insurance Intermediary) (Amendment) Regulations, 2021 to further amend the International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021. This came into force on January 4, 2022. \u00a0 Key points: \u2022 In\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":256231,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/28\/sebi-foreign-portfolio-investors-second-amendment-regulations-2021\/","url_meta":{"origin":246591,"position":5},"title":"SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021","author":"Editor","date":"October 28, 2021","format":false,"excerpt":"The Securities and Exchange Board of India has issued the Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2021 vide notification dated October 26, 2021 to further amend the SEBI (Foreign Portfolio Investors) Regulations, 2019 in the following manner: Regulation 4 has been amended and a\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/246591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=246591"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/246591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154904"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=246591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=246591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=246591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}