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...
IFSCA issues public advisory warning IFSC users about online scams via social media, urging vigilance, verification, and reporting of suspicious activity.
FATF’s June 2025 update lists high-risk nations (DPRK, Iran, Myanmar) for countermeasures and identifies jurisdictions under increased monitoring for AML/CFT deficiencies.
The IFSCA has issued new regulations for TechFin and Ancillary Service Providers in International Financial Services Centres, outlining registration, eligibility, and operational guidelines.
International Financial Services Centres Authority (IFSCA)[1] is the unified regulator for the development and regulation of financial products, financial services and financial institutions in International Financial Services Centres (IFSCs) in India. The Government of India established the International Financial Services Centres Authority (IFSCA) on April 27, 2020 as a statutory body under the IFSCA Act, […]
IFSCA’s new circular guides Finance Companies and Units on submitting requests for changes like management, name, or activities, simplifying compliance.
Ministry of Corporate Affairs drafts an amendment to extend Section 186 relaxations to Finance Companies registered with IFSCA, aligning them with NBFCs. Submit comments by July 17, 2025.
IFSCA’s 24th meeting greenlights frameworks for Transition Bonds, Third-Party Fund Management Services, TechFin, and new regulation-making processes. IFSCA also joins IOPS as a Governing Member.
IFSCA amends directions for Foreign Currency Accounts (FCAs) of Indian residents under LRS. New rules require declarations confirming the purpose of funds spent or remitted from FCAs in IFSCs.
A new finance ministry notification grants TDS exemptions for specific payments to International Financial Services Centre (IFSC) units, effective July 1, 2025.
The International Financial Services Centres Authority (IFSCA) has announced a new fee structure for KYC Registration Agencies in the IFSC, including application, registration, and annual fees.
