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OVERVIEW   GIFT City IFSC is steadily developing into a significant platform for raising and listing international debt securities. Over the past year, major Indian banks and corporate groups have used their GIFT IFSC Banking Units, treasury centres and international exchanges to issue or list foreign-currency bonds. Recent transactions involving SBI, Adani Energy Solutions, HDFC […]

OVERVIEW International Financial Services Centre (IFSC) is steadily developing into a sophisticated global financial hub, supported by regulatory measures aimed at strengthening its market infrastructure. A significant step in this direction is the required migration of International Securities Identification Numbers (ISIN) relating to IFSC securities from domestic Indian depositories (NSDL and CDSL) to India International

OVERVIEW   India has taken another significant step towards strengthening its maritime financial services ecosystem by exempting eligible International Financial Services Centre (IFSC) units in GIFT City from the licensing requirement under Section 11 of the Coastal Shipping Act, 2025. Through Gazette Notification S.O. 3690(E), dated 7 July 2026 issued under Section 37 of the

OVERVIEW  The Central Board of Direct Taxes (CBDT) has introduced major tax compliance relief by exempting specified payments made to eligible International Financial Services Centre (IFSC) units from Tax Deducted at Source (TDS), subject to prescribed conditions. Through Notification S.O. 3743(E), issued on July 10, 2026, the central government, exercising its powers under Section 400(1)

OVERVIEW   The International Financial Services Centres Authority (IFSCA) has issued two circulars outlining mandatory certification requirements for key managerial personnel (KMPs) and employees in fund management entities (FMEs) and capital market intermediaries (CMIs) operating within the IFSC. By mandating that Key Managerial Personnel (KMPs) and employees handling core activities complete a certification course on

OVERVIEW   Know Your Customer (KYC) compliance is one of the foundational elements of financial sector regulation and a critical part of customer onboarding in financial services. Every regulated financial entity is required to identify, verify, and maintain updated records of its clients. However, when the same client avails services from multiple regulated intermediaries, repeated

OVERVIEW   GIFT City, India’s designated international financial services hub, has announced new strategic collaborations to broaden its international reach and strengthen its domestic ecosystem. On Tuesday, 8th July 2026, the financial hub formalised a partnership with the Vietnam International Financial Center-Da Nang (VIFC-DN) to exchange knowledge and best practices for developing competitive financial districts.

OVERVIEW The Corporate Laws (Amendment) Bill, 2026, introduced in the Lok Sabha, On March 23, 2026 proposes significant changes to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, with the objective of improving ease of doing business, simplifying compliance requirements, and strengthening the overall regulatory framework governing companies. A key focus of

OVERVIEW The International Financial Services Centres Authority (IFSCA) has notified the IFSCA (Pension Fund) Regulations, 2026, establishing a comprehensive framework for the registration, regulation, and supervision of Pension Funds in IFSC. The regulation mandate compulsory registration, stringent eligibility norms, and fit and proper criteria to ensure only credible entities operate. The regulation emphasize strong governance

OVERVIEW On April 20, 2026, the International Financial Services Centres Authority (“IFSCA”) issued a landmark circular introducing Guidelines on Cyber Security and Cyber Resilience for Market Infrastructure Institutions (MIIs) operating in IFSCs, GIFT City. This circular builds upon IFSCA’s earlier baseline framework issued on March 10, 2025, and establishes a more prescriptive, risk-sensitive regime tailored