Section 3: Application

Q: What does Section 3 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) deal with?

Section 3 IFSCA Act pertains to "Application". It is part of the The International Financial Services Centres Authority Act, 2019, a legislation enacted by the Parliament of India. Section 3 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) governs application. As verified on 19 May 2026.

Q: Is Section 3 IFSCA Act still in force?

Yes, Section 3 of the The International Financial Services Centres Authority Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 3 IFSCA Act?

धारा 3 IFSCA Act is the Devanagari Hindi reference for Section 3 of the The International Financial Services Centres Authority Act, 2019. Section 3 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) governs application. As verified on 19 May 2026.

Q: What is Dhara 3 IFSCA Act?

Dhara 3 IFSCA Act is the Roman Hindi reference for Section 3 of the The International Financial Services Centres Authority Act, 2019. "Dhara" means "Section" in Hindi. Section 3 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) governs application. As verified on 19 May 2026.

Q: How to cite Section 3 of The International Financial Services Centres Authority Act, 2019?

Cite as: "Section 3, The International Financial Services Centres Authority Act, 2019 (IFSCA Act)" in legal briefs. For academic writing, use the BlueBook format: The International Financial Services Centres Authority Act, 2019, § 3 (India).

Law on Tips Editorial Board

(1)

In this Act, unless the context otherwise requires, -

(a) "appropriate regulator " means any financial sector regulator specified in the First Schedule to this Act;

(b) "Authority " means the International Financial Services Centres Authority established under sub-section (1) of section 4;

(c) "financial institution " means a unit set up in an International Financial Services Centre and which is engaged in rendering financial services in respect of any financial product;

(d) "financial product " means -

(e) "financial service " means -

(f) "foreign currency " shall have the meaning assigned to it in clause (m) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999);

(g) "International Financial Services Centre " means an International Financial Services Centre set up, before or after the commencement of this Act, under section 18 of the Special Economic Zones Act, 2005 (28 of 2005);

(h) "Member " means a Member of the Authority and includes the Chairperson;

(i) "notification " means a notification published in the Official Gazette, and the expressions "notified " and "notify " shall be construed accordingly;

(j) "prescribed " means prescribed by rules made by the Central Government under this Act;

(k) "regulations " means the regulations made by the Authority under this Act.

(2)

Words and expressions used and not defined in this Act but defined in the Acts specified under column (3) of the First Schedule to this Act shall have the meanings respectively assigned to them in those Acts.