Act Number: 50

Act Name: The International Financial Services Centres Authority Act, 2019

Year: 2019

Enactment Date: 2019-12-19

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 9: Vacancies, etc., not to invalidate proceedings of Authority.
    No act or proceeding of the Authority shall be invalid merely by reason of, --
          (a) any vacancy or defect, in the constitution of the Authority; or
          (b) any defect in the appointment of a person as a member of the authority.
    
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