Reserve Bank of India Act, 1934
Section - 57A - Powers of Bank not to apply to International Financial Services Centre
[57A. Powers of Bank not to apply to International Financial Services Centre Notwithstanding anything contained in any other law for the time being n force, the powers exercisable by the Bank under this Act,-
insofar as regulation of financial products, financial services and financial institutions that are permitted in the International Financial Services Centres are concerned.].
| (a) | - | shall not extend to an International Financial Services Centre set up under sub-section (1) of section 18 of the Special Economic Zones Act, 2005 (28 of 2005.); |
| (b) | - | shall be exercisable by the International Financial Services Centres Authority established under sub-section (1) of section 4 of the International Financial Services Centres Authority Act, 2019, |
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