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Direct Investment by Residents in Joint Venture (JV)/Wholly Owned Subsidiary (WOS) Abroad”, as amended from time to time and Regulation 7 of the Notification FEMA 120/2004-RB, pertaining to provisions for an Indian Party (IP) making investment/ financial commitment in a
In exercise of the powers conferred by Section 12 of International Financial Services Centres Authority Act, 2019, the IFSCA advises below the fee structure applicable for IFSC Banking Units (BUs):
Certificate of Deposit (CD) is a negotiable instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a BU for a specified time period.
One of the prolonged demand from the foreign investor community was to relax the compliance burden while investing in Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC). The Government has released a Notification No. 42/2021 on May 04, 2021, relaxing the requirement for obtaining the Tax identification number i.e Permanent Account Number (PAN) […]
International Financial Services Centres Authority CIRCULAR F. No 172/ IFSCA/Finance Company/Unit Regulations/2021-22/5 May 03, 2021 To, All Finance Company’s / Finance Units in the International Financial Services Centre (IFSC) Subject: Information on various guidelines/circulars/directions applicable for undertaking non-core activities by an FC/FU The Finance Company/Finance Unit(FC/FU) may draw reference to regulation 5 (1) (iii) on […]
This circular shall apply to all FC/FU as the case may be, registered with the Authority under section 3 of IFSCA (Finance Company) Regulations, 2021 and who intends to undertake the above mentioned activities. Further, the circular shall remain applicable as amended by the Authority from time to time.
International Financial Services Centres Authority CIRCULAR F. No 172/ IFSCA/Finance Company/Unit Regulations/2021-22/3 May 03, 2021 To, All Finance Company’s / Finance Units in the International Financial Services Centre (IFSC) Subject: Prudential Regulations and activity specific guidelines Finance Company/Finance Unit (FC/FU) may draw reference to regulation 4 on applicable prudential regulations and regulation 5 on permissible activities, of the International Financial Services Centres Authority (Finance Company) Regulations, 2021 (herein referred to as ‘Regulations’) dated March 25, […]
Banking Units (BUs) may please refer to the IFSC (Banking) (Amendment) Regulation, 2021 which was notified by the Authority on March 25,2021.The said regulation permits BUs to undertake the following additional activities:
This circular shall be adopted for computation of regulatory capital prescribed for an FC/FU as the case may be, registered under section 3 of IFSCA (Finance Company) Regulations, 2021 and intending to undertake the activities as mentioned in point 5 and point 6 of the Schedule therein, viz.;
ISFCA fee structure for Finance Company/ Units is as follows: a) Application fee: $1000 for new entities (one time) b) Registration fee: $12,500 for new entities (one time) c) Annual fee: $12,500 for all registered Finance Company/Finance Unit (second year onwards)
