• The International Financial Services Centres Authority Act, 2019

    Revenue of a country has different sources. The economy of a country depends on various types of taxes, financial services or products that includes banking, financial institutions, insurances and any sources that generate financial flow subject to the existing law in force in a country. The International financial services Centres Authority act 2019 was enacted on 19th December 2019 with the objective of regulation and development of financial service market in the International Financial service centers in India. The act contains six chapters 34 sections and two schedules and the Centre is headquartered at Gift City, Gandhi Nagar, and Gujarat.