Section 21
Power to issue directions.
The International Financial Services Centres Authority Act, 2019
About this Act
An Act to provide for the establishment of an Authority to develop and regulate the financial services market in the International Financial Services Centres in India and for matters connected therewith or incidental thereto.
(1) Without prejudice to the foregoing provisions of this Act, the
Authority shall, in exercise of its powers or the performance of its functions under this Act, be bound by
such directions on questions of policy as the Central Government may give in writing to it from time to
time:
Provided that the Authority shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.
(2)The decision of the Central Government, whether a question is one of policy or not, shall be final.
Provided that the Authority shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.
(2)The decision of the Central Government, whether a question is one of policy or not, shall be final.