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Date: 2020-12-23 Category: Extra Ordinary State: Union Government Country: India

The International Financial Services Centres Authority, having considered the application

Issued by International Financial Services Centres Authority · Not Applicable

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Executive Summary & Key Takeaways

This notification, issued by the International Financial Services Centres Authority (IFSCA) on December 21, 2020, announces the renewal of recognition for India International Exchange IFSC Limited, located at 1st Floor, Unit No. 101, The Signature Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY Gandhinagar-382355, Gujarat. The renewal, granted under Section 29B of the Securities Contracts Regulation Act, 1956, and Section 13(1) of The International Financial Services Centres Authority Act, 2019, is effective for one year, commencing on December 29, 2020, and ending on December 28, 2021. This renewal pertains to contracts in securities and is subject to conditions specified by IFSCA, as outlined in Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2018. The decision was made in the interest of trade, the securities market, and the public. INJETI SRINIVAS, Chairperson, IFSCA, authorized the notification.

Key Entities Referenced

Injeti Srinivas: Chairperson of the IFSCA who approved the notification. International Financial Services Centres Authority: A statutory authority established to develop and regulate financial services in International Financial Services Centres (IFSCs) in India. Gandhinagar, Gujarat: The location where the notification was issued, indicating the city and state. Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2018: Regulations under which the application for renewal of recognition was considered. India International Exchange IFSC Limited: An international stock exchange operating within the GIFT SEZ, seeking renewal of recognition. GIFT SEZ, GIFT CITY Gandhinagar: The location of the India International Exchange IFSC Limited within a Special Economic Zone. Securities Contracts Regulation Act, 1956: The Act that confers powers to grant recognition to stock exchanges. The International Financial Services Centres Authority Act, 2019: The Act that establishes the International Financial Services Centres Authority.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-जी.जे.-अ.-23122020-223912 xxxGIDHxxx CG-GJ-E-23122020-223912 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण्ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 559] नई दि्ली, बुधिार, दिसम्ब र 23, 2020/पौर् 2, 1942 No. 559] NEW DELHI, WEDNESDAY, DECEMBER 23, 2020/PAUSHA 2, 1942 अतं रराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण अजधसचू ना गांधीनगर, 21 दिसम्बर, 2020 स.ं आई.एफ.एस.सी.ए./2020-21/इंजडया आई.एन.एक्स/120.—अंतरराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण, इंजडया इंटरनेिनल एक्सचेंि(आई.एफ.एस.सी.) जलजिटेड, प्रथि तल, यूजनट सं. 101, जसग् नेचर जबल्डंग सं. 13बी, रोड 1सी, जोन 1, जगफ्ट सेज, जगफ्ट जसटी, गांधीनगर-382355, गुिरात द्वारा प्रजतभूजत संजििा(जिजनयिन) (स्ट्टॉक एक्सचेंि और सिािोधन जनगि) जिजनयि, 2018 के जिजनयि 12 के अधीन िान्द्यता का निीकरण प्रिान करने के जलए दकए गए आिेिन पर जिचार करन े और यह सिाधान हो िान े के पश्चात् दक ऐसा करना व्यापार के जहत ि,ें प्रजतभूजत बाजार के जहत िें और लोक जहत िें भी होगा, अंतरराष्ट्रीय जित्तीय सेिा केन्द्र प्राजधकरण अजधजनयि, 2019 की धारा 13 की उपधारा (1) के साथ पठित प्रजतभूजत संजििा (जिजनयिन) अजधजनयि, 1956 की धारा 29ख द्वारा प्रित्त िजियों का प्रयोग करत े हुए, उि एक्सचेंि को तारीख 29 दिसम्बर, 2020 से प्रारंभ होन े िाली और 28 दिसम्बर, 2021 को सिाप्त होने िाली एक िर्ष की अिजध के जलए, इसिें इसके नीचे कजथत ितों या इसके पश्चात् जिजहत या अजधरोजपत की िाने िाली ितों के अधीन रहते हुए, प्रजतभूजतयों िें संजििाओं की बाबत िान्द्यता का निीकरण प्रिान करता ह ै:  यह एक्सचेंि आई.एफ.एस.सी.ए. द्वारा सिय-सिय पर जिजनर्िष्टष ितों का अनुपालन करेगा । इनिेती श्रीजनिास, अध्यक्ष [जिज्ञापन-III/4/असा./420/2020-21] 6296 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 INX/120.—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 Exchange (IFSC) Limited, 1st Floor, Unit No. 101, 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 Exchange for one year, commencing on the 29th day of December, 2020 and ending on the 28th day of December, 2021 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter:  The Exchange shall comply with conditions specified by IFSCA from time to time. INJETI SRINIVAS, Chairperson [ADVT.-III/4/Exty./420/2020-21] 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.

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