International Financial Services Centres Authority (Salary, Allowances and other Terms and Conditions of Service of Chairperson and Members) Rules, 2020

No: ---- Dated: Apr, 29 2020

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 29th April, 2020

G.S.R. 269(E).—In exercise of the powers conferred by section 27 of the International Financial Services Centres Authority Act, 2019, the Central Government hereby makes the following rules, namely:—

1. Short title and commencement.— (1) These rules may be called the International Financial Services Centres Authority (Salary, Allowances and other Terms and Conditions of Service of Chairperson and Members) Rules, 2020.

(2) They shall come into force on the date of publication of this notification in the Official Gazette.

2. Definitions.— (1) In these rules, unless the context otherwise requires:-

(a) ―Act‖ means the International Financial Services Centres Authority Act of 2019;

(b) ―Chairperson‖ means the Chairperson of the Authority appointed under clause (a) of sub-section (1) of section 5 of the Act;

(c) ―Member‖ means a member of the Authority appointed under clause (d) of sub-section (1) of section 5 of the Act;

(d) ―Selection Committee‖ means the selection committee constituted under rule 3;

(2) Words and expressions used in these rules and not defined, but defined in the Act, shall have the meanings respectively assigned to them in the Act.

Actual Document  -  ↓