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Samette of 3ndia
EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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PUBLISHED BY AUTHORITY
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2 THE GAZETTE OF INDIA; EXTRAORDINARY [PART II—SEC. 3(H)]

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New Delhi, the 8th April, 2015

S.O. 968(E).—In exercise of the powers conferred by sub-section (2) of section IB of the
Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby notifies that Units
in an International Financial Services Centre in Special Economic Zones may be set up and approved
in accordance with the Special Economic Zones Rules, 2006, read with Notification S.O. 870(E)
dated 27th March, 2015, and Insurance Regulatory and Development Authority of India (Regulation
of Insurance Business in Special Economic Zone) Rules, 2015, as amended from time to time,
subject to the guidelines or regulations framed and notified in this regard by the Reserve Bank of

i. Insurance Regulatory and Development Authority of India (International Financial

Service Centre) Guidelines, 2015 [Dated 6th April, 2015]

ii. Foreign Exchange Management (International Financial Services Centre) Regulations,

2015 [G.S.R. 218(E) dated 2nd March, 2015]

iii. Scheme for setting up of IFSC Banking Units (IBU) by Indian Banks [Dated April 1,
2015]

iv. Securities and Exchange Board of India (International Financial Services Centres)
Guidelines, 2015 [Dated 27th March, 2015]

2. The units in International Financial Services Centre shall conform to the provisions of the
Special Economic Zones Act, 2005 and the Special Economic Zones Rules, 2006 and the regulations
made thereunder.
[F.No.D. 12/25/2009-SEZ]
BHUPINDER S. BHALLA, Jt. Secy.

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