Ministry of Finance Appoints Solomon Arokiaraj as Member of IFSCA Authority



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The Ministry of Finance has announced the appointment of Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA). This appointment, made under the IFSCA Act, 2019, sees Mr. Arokiaraj join the body responsible for regulating financial services and institutions within India's international financial centres, such as GIFT City in Gujarat. The IFSCA aims to enhance ease of doing business and promote global market participation.

The Ministry of Finance has notified the appointment of Mr. Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA). The announcement, issued through S.O. 3625(E) by the Financial Market Division of the Department of Economic Affairs, amends the Government's earlier notification dated July 24, 2020 (S.O. 2435(E)), which had been modified in May 2022, September 2022, and November 2022. Mr. Aro
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FAQ :

Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, has been appointed as a Member of the International Financial Services Centres Authority (IFSCA).

The Ministry of Finance has made the appointment.

The IFSCA is the unified regulator for financial products, financial services, and financial institutions in India's international financial services centres, headquartered at GIFT City in Gujarat.

The IFSCA plays a key role in promoting ease of doing business, developing global market participation, and regulating entities operating within IFSCs.

The appointment was made under Section 5(1)(c) of the International Financial Services Centres Authority Act, 2019.

Attached File : 671907_25204_265283.pdf



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