Date: 2020-10-16Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by sub clause vi of clause d of sub section 1 of section 3 of the International Financial Services Centres Authority Act
**Summary:**
This notification, issued by the Ministry of Finance, Department of Economic Affairs on October 16, 2020, concerns the International Financial Services Centres Authority (IFSCA) Act, 2019.
S.O. 3652(E) notifies aircraft leasing (including operating and financial leases, and hybrids thereof, for aircraft, helicopters, engines, and related parts) as a financial product under Section 3(1)(d)(vi) of the IFSCA Act, 2019.
S.O. 3653(E) notifies Global In-House Centres (GICs) as financial services, authorized to provide services related to financial products and services, under Section 3(1)(e)(xiv) of the IFSCA Act, 2019. The eligibility criteria for GICs will be specified by the Authority in subsequent regulations.
Both notifications take effect on the date of publication in the Official Gazette.
The notifications were issued under F. No. 34/EM/2020 by Anand Mohan Bajaj, Additional Secretary.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for economic policy, financial services, and taxation.
Department of Economic Affairs: A department within the Ministry of Finance responsible for formulating and monitoring economic policies and programs.
New Delhi: The capital city of India where the notification was issued.
International Financial Services Centres Authority Act, 2019: An Indian law that established the International Financial Services Centres Authority to regulate financial services in International Financial Services Centres.
aircraft lease: Financial product which shall include operating and financial lease and any hybrid of operating and financial lease of aircraft or helicopter and engines of aircraft or helicopter or any other part thereof.
Global inHouse Centres GIC: A financial service to provide services relating to financial products and financial services, for which eligibility criteria shall be provided by the Authority in regulations.
ANAND MOHAN BAJAJ: Additional Secretary, Ministry of Finance, Government of India.
Official Gazette: A publication of the government in which all official notifications and legal announcements are published.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-16102020-222516
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3238] नई ददल्ली, िुक्रिार, अक्त बू र 16, 2020/आजि न 24, 1942
No. 3238] NEW DELHI, FRIDAY, OCTOBER 16, 2020/ASVINA 24, 1942
जित्त मत्रं ालय
(आर्थथक काय यजिभाग)
अजधसचू ना
नई ददल्ली, 16 अक् तूबर, 2020
का.आ. 3652(अ).—केन्द्रीय सरकार, अतं रराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण अजधजनयम, 2019 (2019 का
50) की धारा 3 की उपधारा (1) के खंड (घ) के उपखंड (vi) द्वारा प्रदत्त िजियों का प्रयोग करते हुए ऐसे िायुयान पट्टे को,
जिसके अंतगयत िायुयान या हले ीकाप्टर तथा िायुयान या हले ीकाप्टर के ईंिन या उसके दकसी भाग का प्रचालन और
जित्तीय पट्टा तथा उसके प्रचालन और जित्तीय पट्टे का संयोिन भी ह,ै जित्तीय उत्पाद के रूप म ेंअजधसूजचत करती ह ै।
2. यह अजधसूचना, रािपत्र म ेंप्रकािन की तारीख को प्रिृत्त होगी ।
[फा. सं. 3/4/ईएम-2020]
आनंद मोहन बिाि, अपर सजचि
4986 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 16th October 2020
S.O. 3652(E).—In exercise of the powers conferred by sub-clause (vi) of clause (d) of
sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019
(50 of 2019), the Central Government herby notifies aircraft lease which shall include operating
and financial lease and any hybrid of operating and financial lease of aircraft or helicopter and
engines of aircraft or helicopter or any other part thereof, as financial product.
2. This notification shall come into force on the date of publication in the Official Gazette.
[F. No. 3/4/EM–2020]
ANAND MOHAN BAJAJ, Addl. Secy.
अजधसचू ना
नई ददल्ली, 16 अक् तूबर, 2020
का.आ. 3653(अ).—केन्द्रीय सरकार, अतं रराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण अजधजनयम, 2019 (2019 का
50) की धारा 3 की उपधारा (1) के खंड (ङ) के उपखंड (xiv) द्वारा प्रदत्त िजियों का प्रयोग करते हुए ऐसे जित्तीय उत्पादों
और जित्तीय सेिाओं से संबंजधत, जिनके जलए पात्रता मानक प्राजधकरण द्वारा जिजनयमों द्वारा उपबंजधत दकए िाएंगे, सेिाए ं
उपलब्ध करिाने हते ु ग्लोबल इन हाउस सेंटरों (िीआईसी) को जित्तीय सेिा के रूप में अजधसूजचत करती ह ै।
2. यह अजधसूचना, रािपत्र म ेंप्रकािन की तारीख को प्रिृत्त होगी ।
[फा. सं. 3/4/ईएम-2020]
आनंद मोहन बिाि, अपर सजचि
NOTIFICATION
New Delhi, the 16th October, 2020
S.O. 3653(E).—In exercise of the powers conferred by sub-clause (xiv) of clause (e) of sub-
section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019),
the Central Government herby notifies Global in-House Centres (GIC), as financial service to provide
services relating to financial products and financial services, for which eligibility criteria shall be provided
by the Authority in regulations.
2. This notification shall come into force on the date of publication in the Official Gazette.
[F. No. 3/4/EM–2020]
ANAND MOHAN BAJAJ, Addl. Secy.
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and Published by the Controller of Publications, Delhi-110054.