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 regulator has amended its 2022 AML/CFT Guidelines to permit OTP-based Aadhaar e-KYC authentication for regulated entities in IFSCs. The change expands digital customer verification methods with immediate effect.
IFSCA has directed IFSC Banking Units to clearly include GIFT IFSC Banking Unit in their SWIFT BIC names to avoid misrouting of cross-border remittances. Compliance reporting is mandatory by June 30, 2026.
IFSCA released draft regulations mandating authorisation, net worth, risk management, and governance standards for Electronic Trading Platforms in IFSCs. Cryptocurrencies are expressly barred from trading under the proposed framework.
The draft regulations introduce a structured framework for engagement of IFSC Financial Advisers by Financial Institutions. The move aims to enhance advisory-stage oversight and align IFSC with global regulatory standards.
IFSCA has approved a new pension fund framework allowing voluntary retirement schemes in IFSC. The draft regulations aim to create a secure, transparent, and globally competitive retirement savings ecosystem.
The Authority clarifies application process, operating models, service limits, and compliance obligations under the new GIC Regulations. The 2025 framework replaces the earlier 2020 regime.
IFSCA has launched a unified “Master Key” registration allowing IFSC entities to undertake multiple capital market activities through a single application. Separate fees remain payable for each approved activity.
IFSCA has prescribed a standard Net Worth Certificate format and detailed audit checklist for Global Access Providers. GAPs must submit certified net worth statements annually and undergo mandatory peer-reviewed audits to ensure regulatory compliance.
The Union Budget 2026 extends tax deductions for IFSC units to 20 years and provides a concessional 15% tax rate post-holiday, strengthening GIFT City’s global competitiveness.
The Exchange of Letters strengthens regulatory cooperation between IFSCA and the FCA. It enables sharing of best practices and developments in financial products, services, and technology.
