Corporate Law : Learn how GIFT City IFSC operates, the approval process, tax benefits, compliance obligations, and why only approved SEZ units rec...
Finance : Regulated entities in GIFT City must submit their annual cyber security audit reports by 29 June 2026. The framework requires both...
Finance : The draft IFSCA Amendment Bill, 2026 introduces Variable Capital Companies (VCCs), creating a modern fund structure with segregate...
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...
Finance : IFSCA proposes a regulatory framework for direct listing without public offer in IFSCs and invites public comments by August 3, 20...
Finance : IFSCAs updated Registration of Insurance Business Regulations prescribe registration, operations, governance and compliance requir...
Finance : IFSCA invites comments on a draft FCSS circular requiring IBUs to use FCSS, promote real-time USD settlements, and meet customer c...
Finance : IFSCA has proposed a draft circular requiring member IBUs in GIFT IFSC to route inter-bank transactions through FCSS. The proposal...
Finance : IFSCA has released draft regulations for International Branch Campuses and invited public comments until 10 July 2026. The proposa...
Finance : IFSCA has revised its internet banking framework, giving existing IBUs until 31 July 2026 to comply, failing which they cannot onb...
Finance : IFSCA has amended its circular to require financial institutions to remit eligible funds received in SNRR accounts to their IBU ac...
Finance : IFSCA has amended its AML exemption circular to require all financial institutions, including exempt entities, to route business-r...
Finance : IFSCA removed the minimum net worth requirement for eligible SEZ units and expanded access to Qualified Jeweller status. The amend...
Finance : IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing f...
The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, governance requirements, and regulatory compliance for IFSC entities.
IFSCA has amended its circular to require financial institutions to remit eligible funds received in SNRR accounts to their IBU accounts in specified foreign currency within 30 working days. The exemption for administrative expenses remains unchanged.
IFSCA has amended its AML exemption circular to require all financial institutions, including exempt entities, to route business-related monetary transactions through an IFSC Banking Unit or SNRR account. The amendment takes immediate effect while all other provisions remain unchanged.
The draft IFSCA Amendment Bill, 2026 introduces Variable Capital Companies (VCCs), creating a modern fund structure with segregated sub-funds, flexible capital management, and stronger investor protections. The reform could significantly enhance GIFT City’s appeal as a global fund management hub.
IFSCA removed the minimum net worth requirement for eligible SEZ units and expanded access to Qualified Jeweller status. The amendment aims to facilitate bullion imports through IIBX while promoting export growth and maintaining regulatory safeguards.
The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs. It aims to promote innovation while maintaining regulatory oversight.
IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing framework. No equity holding or other corporate linkage is required for this purpose.
The regulations establish a standalone framework for MGAs, prescribing registration standards, operational safeguards, and supervisory mechanisms. The key takeaway is the enhanced focus on transparency, accountability, and policyholder protection.
IFSCA has consolidated multiple regulations and circulars into a single Master Circular for Stock Exchanges and Clearing Corporations in IFSCs. The move simplifies compliance and strengthens regulatory clarity across the IFSC ecosystem.
IFSCA has introduced a standardized ACAR and ACAC reporting framework for Capital Market Intermediaries in IFSCs. The circular aims to improve compliance monitoring and regulatory transparency.
