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Core Purpose

Notification amending the composition of a committee constituted under the International Financial Services Centres Authority Act, 2019, by substituting the nominated member.

Detailed Summary

The Ministry of Finance, Department of Economic Affairs (Financial Market Division) issued notification S.O. 4648(E) dated 24th October 2024, in exercise of powers under clause (b) of sub-section (1) of Section 5 of the International Financial Services Centres Authority Act, 2019 (No. 50 of 2019), further amending its earlier notification S.O. 2527(E) dated 30th July 2020 (as previously amended by S.O. 57(E) dated 6th January 2021 and S.O. 2099(E) dated 1st June 2021) by substituting the entry at serial number 1 to designate Shri Rayasam Lakshmi Kanth Rao, Executive Director, Reserve Bank of India, as a Member; the notification bears file number 3/4/EM/2020 and is signed by Surbhi Jain, Joint Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-24102024-258205 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4274] NEW DELHI, THURSDAY, OCTOBER 24, 2024/KARTIKA 2, 1946 MINISTRY OF FINANCE (Department of Economic Affairs) (FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 24th October, 2024 S.O. 4648(E).—In exercise of the powers conferred by clause (b) of sub-section (1) of section 5 of International Financial Services Centres Authority Act, 2019 (No. 50 of 2019), the Central Government hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Economic Affairs, number S.O. 2527(E) dated 30th July, 2020 namely: - In the said Notification, against serial number 1, for the existing entry, the following shall be substituted, namely :- "Shri Rayasam Lakshmi Kanth Rao, Executive Director, Reserve Bank of India ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------Member" [F. No. 3/4/EM/2020] SURBHI JAIN, Jt. Secy. Foot Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (ii) vide S.O. 2527(E) dated the 30th July, 2020 and subsequently amended vide notification number, S.O. 57(E) dated 6th January, 2021 and S.O. 2099(E) dated 1st June, 2021.

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