Rule 19A - Unit deemed to be in International Financial Services Centre - Special Economic Zones Rules, 2006

1 [19A. Unit deemed to be in International Financial Services Centre .- Any Unit authorised under rule 19 to store bullion as the underlying asset for the purpose of issuance of a bullion spot delivery contract or bullion depository receipt with underlying bullion that is traded in a bullion exchange shall be deemed to be in an International Financial Services Centre. Explanation . - For the purpose of this rule, - (a) bullion , bullion spot delivery contract , and bullion depository receipt with underlying bullion shall have the same meaning as respectively assigned to them in the notification of the Government of India in the Ministry of Finance, Department of Economic Affairs, No. S.O. 2957 (E) dated the 31st August, 2020 issued under the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) bullion exchange means a stock exchange in an International Financial Services Centre, recognised under section 4 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) in respect of bullion spot delivering contract and bullion depository receipt with underlying bullion. ] ************** NOTES:- 1. Inserted vide Notification No. G.S.R. 519(E) dated 06-07-2022