Finance : The article explains the educational qualifications, experience requirements, and certifications mandated for Principal Officers o...
Income Tax : Form 148 introduces a compulsory quarterly filing requirement for IFSC units reporting all remittances to non-residents. The key t...
Corporate Law : The bill proposes extensive amendments across corporate laws, including LLPs, audits, and director regulations. It aims to improve...
Finance : The Union Budget 2026 extends tax deductions for IFSC units to 20 years and provides a concessional 15% tax rate post-holiday, str...
Income Tax : The proposed amendment doubles the deduction period for IFSC units. It offers long-term tax certainty to boost global competitiven...
Finance : The IFSCA clarified that retrocession and retention requirements apply to the entire gross reinsurance premium of IFSC Insurance O...
Finance : The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory defin...
Finance : IFSCA released a consultation paper proposing changes to premium-related regulations after the Insurance Act, 1938 was amended thr...
Finance : IFSCA approved draft Managing General Agents Regulations, 2026 to regulate registration and operations of MGAs in IFSCs. The frame...
Finance : The conference examined how regulatory flexibility and tax incentives are transforming GIFT-IFSC into a global treasury hub. It hi...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
Finance : IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporati...
Finance : IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aim...
Finance : IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vuln...
Finance : The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations und...
RBI amended FEMA regulations to permit Indian exporters to hold Foreign Currency Accounts in IFSC banks (like GIFT City). This move facilitates trade, reduces transaction costs, and manages exchange rate risk.
IFSCA has issued detailed norms on composition of MII boards, mandating diverse expertise and a transparent process for appointing and reviewing Public Interest Directors (PIDs).
The IFSCA has notified amendments to the 2024 Listing Regulations, revising maximum penalties for non-compliance and setting a 45-day deadline for half-yearly financial statement disclosure.
IFSCA consolidated circular revises eligibility for Qualified Jewellers (minimum Rs.15 Cr net worth) importing gold/silver via IIBX. Details TRQ imports, remittance, and AML
IFSCA launched the Foreign Currency Settlement System (FCSS), operated by CCIL IFSC Ltd. The system settles USD transactions using gross settlement, with SCB as the Settlement Bank.
The IFSCA’s TFMS allows global fund managers to operate in GIFT City under an existing Fund Management Entity (FME) license, reducing setup costs and boosting fund choices, governed by IFSCA (FME) Regulations, 2025.
RBI has amended FEMA regulations to permit exporters to open and maintain foreign currency accounts in International Financial Services Centres (IFSCs), offering greater flexibility for managing export proceeds and import payments.
The RBI amended FEMA regulations to allow longer repatriation timelines for exporter accounts maintained in IFSCs. The key takeaway is enhanced flexibility for exporters using IFSC banking channels.
IFSCA authorized CCIL IFSC to operate a Foreign Currency Settlement System in GIFT IFSC and notified its governing Bye-Laws and Regulations for financial institutions.
IFSCA forms Payments Regulatory Board under PSS Act, 2007; approves CCIL IFSC’s Foreign Currency RTGS system in its first meeting on October 1, 2025.
