MCA allows exemption to Specified IFSC Private Company u/s 462 of the Companies ACt, 2013

MCA carves out special previliges under the Companies Act, 2013 for private company which is licensed to operate by the Reserve Bank of India or the Securities and Exchange Board of India or the Insurance Regulatory and Development Authority of India from the International Financial Services Centre located in an approved multi services Special Economic Zone set-up under the Special Economic Zones Act, 2005 (28 of 2005) read with the Special Economic Zones Rules, 2006 (hereinafter referred to as “Specified IFSC private company”)

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