Section 20: Transactions in foreign currency

Q: What does Section 20 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) deal with?

Section 20 IFSCA Act pertains to "Transactions in foreign currency". It is part of the The International Financial Services Centres Authority Act, 2019, a legislation enacted by the Parliament of India. Section 20 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) governs transactions in foreign currency. As verified on 19 May 2026.

Q: Is Section 20 IFSCA Act still in force?

Yes, Section 20 of the The International Financial Services Centres Authority Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 20 IFSCA Act?

धारा 20 IFSCA Act is the Devanagari Hindi reference for Section 20 of the The International Financial Services Centres Authority Act, 2019. Section 20 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) governs transactions in foreign currency. As verified on 19 May 2026.

Q: What is Dhara 20 IFSCA Act?

Dhara 20 IFSCA Act is the Roman Hindi reference for Section 20 of the The International Financial Services Centres Authority Act, 2019. "Dhara" means "Section" in Hindi. Section 20 of The International Financial Services Centres Authority Act, 2019 (IFSCA Act) governs transactions in foreign currency. As verified on 19 May 2026.

Q: How to cite Section 20 of The International Financial Services Centres Authority Act, 2019?

Cite as: "Section 20, The International Financial Services Centres Authority Act, 2019 (IFSCA Act)" in legal briefs. For academic writing, use the BlueBook format: The International Financial Services Centres Authority Act, 2019, 2019, § 20 (India).

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Tuesday, 28 July 2026

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Table of Contents

The International Financial Services Centres Authority Act, 2019

Chapter VF — oreign Exchange Transactions

Section 20

Transactions in foreign currency

- Every transaction of financial services in an International Financial Services Centre shall be in such foreign currency as may be specified by regulations in consultation with the Central Government.