Section 18: Setting up of International Financial Services Centre

Q: What does Section 18 of The Special Economic Zones Act, 2005 (SEZ Act) deal with?

Section 18 SEZ Act pertains to "Setting up of International Financial Services Centre". It is part of the The Special Economic Zones Act, 2005, a legislation enacted by the Parliament of India. Section 18 of The Special Economic Zones Act, 2005 (SEZ Act) governs setting up of International Financial Services Centre. As verified on 19 May 2026.

Q: Is Section 18 SEZ Act still in force?

Yes, Section 18 of the The Special Economic Zones Act, 2005 is currently in force across the Republic of India.

Q: What is धारा 18 SEZ Act?

धारा 18 SEZ Act is the Devanagari Hindi reference for Section 18 of the The Special Economic Zones Act, 2005. Section 18 of The Special Economic Zones Act, 2005 (SEZ Act) governs setting up of International Financial Services Centre. As verified on 19 May 2026.

Q: What is Dhara 18 SEZ Act?

Dhara 18 SEZ Act is the Roman Hindi reference for Section 18 of the The Special Economic Zones Act, 2005. "Dhara" means "Section" in Hindi. Section 18 of The Special Economic Zones Act, 2005 (SEZ Act) governs setting up of International Financial Services Centre. As verified on 19 May 2026.

Q: How to cite Section 18 of The Special Economic Zones Act, 2005?

Cite as: "Section 18, The Special Economic Zones Act, 2005 (SEZ Act)" in legal briefs. For academic writing, use the BlueBook format: The Special Economic Zones Act, 2005, § 18 (India).

Law on Tips Editorial Board

(1)

The Central Government may approve the setting up of an International Financial Services Centre in a Special Economic Zone and prescribe the requirements for setting up and operation of such Centre:

Provided that the Central Government shall approve only one International Financial Services Centre in a Special Economic Zone.

(2)

The Central Government may, subject to such guidelines as may be framed by the Reserve Bank, the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority and such other concerned authorities, as it deems fit, prescribe the requirements for setting up and the terms and conditions of the operation of Units in an International Financial Services Centre.