**Policy Summary:**
This notification, issued by the International Financial Services Centres Authority (IFSCA) on December 21, 2020, concerns the renewal of recognition for India International Clearing Corporation IFSC Limited. The renewal is granted under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2018, and in accordance with Section 29B of the Securities Contracts Regulation Act, 1956, and sub-section 1 of Section 13 of The International Financial Services Centres Authority Act, 2019. The IFSCA, having considered the application, has approved the renewal for a period of one year, commencing on December 29, 2020, and ending on December 28, 2021. This decision is based on the assessment that the renewal is in the interest of trade, the securities market, and the public. The clearing corporation is required to comply with conditions specified by IFSCA from time to time. India International Clearing Corporation IFSC Limited is located at 1st Floor, Unit No. 102, The Signature Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY Gandhinagar-382355, Gujarat. The Chairperson of IFSCA is Injeti Srinivas. The notification number is IFSCA/2020-21/India ICC/126.
Key Entities Referenced
International Financial Services Centres Authority: An authority that regulates international financial services centres in India.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2018: Regulations under which the International Financial Services Centres Authority considered the application for grant of renewal of recognition.
India International Clearing Corporation IFSC Limited: A clearing corporation that applied for renewal of recognition.
GIFT CITY Gandhinagar, Gujarat: A special economic zone where India International Clearing Corporation IFSC Limited is located.
Securities Contracts Regulation Act, 1956: An act under which powers are exercised for granting renewal of recognition.
The International Financial Services Centres Authority Act, 2019: An act under which powers are exercised for granting renewal of recognition.
INJETI SRINIVAS: Chairperson of the International Financial Services Centres Authority.
New Delhi: Location of Government of India Press.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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सी.जी.-जी.जxxे.-xअGI.D-2Ex3x1x2 2020-223911
CG-GJ-E-23122020-223911
असाधारण
EXTRAORDINARY
भाग III—खण्ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 560] नई ददडली, बधु िार, ददसम्ब र 23, 2020/पौर् 2, 1942
No. 560] NEW DELHI, WEDNESDAY, DECEMBER 23, 2020/PAUSHA 2, 1942
अतं रराष्ट्रीय जित्तीय सिे ा केन्द्र प्राजधकरण
अजधसचू ना
गांधीनगर, 21 ददसम्बर, 2020
स.ं आई.एफ.एस.सी.ए./2020-21/इंजडया आई.सी.सी./126.—अंतरराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण, इंजडया
इंटरनेिनल क्लीयररग कारपोरेिन (आई.एफ.एस.सी.) जलजमटेड, प्रथम तल, यूजनट स.ं 102, जसग्नेचर जबल्डडग स.ं 13बी,
रोड 1सी, जोन 1, जगफ्ट सजे , जगफ्ट जसटी, गांधीनगर-382355, गुिरात द्वारा प्रजतभजू त संजिदा(जिजनयमन) (स्ट्टॉक
एक्सचेंि और समािोधन जनगम) जिजनयम, 2018 के जिजनयम 12 के अधीन मान्द्यता का निीकरण प्रदान करन े के जलए
दकए गए आिेदन पर जिचार करने और यह समाधान हो िाने के पश्चात ् दक ऐसा करना व्यापार के जहत म,ें प्रजतभूजत
बाजार के जहत में और लोक जहत में भी होगा, अंतरराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण अजधजनयम, 2019 की धारा 13
की उपधारा (1) के साथ पठित प्रजतभूजत संजिदा (जिजनयमन) अजधजनयम, 1956 की धारा 29ख द्वारा प्रदत्त िजियों का
प्रयोग करत े हुए, उि क्लीयररग कारपोरेिन को तारीख 29 ददसम्बर, 2020 से प्रारंभ होने िाली और 28 ददसम्बर,
2021 को समाप्त होन े िाली एक िर्ष की अिजध के जलए, इसमें इसके नीच े कजथत ितों या इसके पश्चात ् जिजहत या
अजधरोजपत की िाने िाली ितों के अधीन रहत ेहुए, मान्द्यता का निीकरण प्रदान करता ह ै:
यह क्लीयररग कारपोरेिन आई.एफ.एस.सी.ए. द्वारा समय-समय पर जिजनर्ददष्ट ितों का अनपु ालन करेगा ।
इनिेती श्रीजनिास, अध्यक्ष
[जिज्ञापन III/4/असा./421/2020-21]
6297 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY
NOTIFICATION
Gandhinagar, the 21st December, 2020
No. IFSCA/2020-21/India ICC/126.—The International Financial Services Centres Authority,
having considered the application for grant of renewal of recognition under Regulation 12 of the Securities
Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 by India
International Clearing Corporation (IFSC) Limited, 1st Floor, Unit No. 102, The Signature Building No.
13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY Gandhinagar-382355, Gujarat and being satisfied that it
would be in the interest of the trade, in the interest of securities market and also in the public interest so to
do, hereby grants, in exercise of the powers conferred by section 29B of the Securities Contracts
(Regulation) Act, 1956 read with sub section (1) of section 13 of The International Financial Services
Centres Authority Act, 2019, renewal of recognition to the said clearing corporation for one year,
commencing on the 29th day of December, 2020 and ending on the 28th day of December, 2021 subject to
the conditions stated herein below or as may be prescribed or imposed hereafter:
The Clearing Corporation shall comply with conditions specified by IFSCA from time to time.
INJETI SRINIVAS, Chairperson
[ADVT. III/4/Exty./421/2020-21]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.