Perspectives on regulation, markets, compliance and GIFT IFSC
Adani invests Rs.1,689 Cr for Ship Leasing Business in IFSC GIFT City
OVERVIEW: Adani Ports and Special Economic Zone Ltd (APSEZ) has proposed a significant investment of Rs.1,689 crore for the establishment of Poseidon Leasing IFSC Ltd, a step down subsidiary company, to operate within…
Read insight →IFSCA (Payment Services) (Amendment) Regulations, 2024
IFSC (Payment Services)(Amendment) Regulations, 2024 OVERVIEW: The International Financial Services Centres Authority (IFSCA) has issued an important notification regarding the amendment of the International Financial…
Read insight →Simplifying the Launching of Scheme or Funds in IFSC, GIFT City
Simplifying the Launching of Schemes or Funds in IFSC, GIFT City OVERVIEW: The International Financial Services Centres Authority (IFSCA) has taken significant steps to simplify Scheme/Fund launches for the fund…
Read insight →Allianz Partners Launches Operation at IFSC, GIFT City
Allianz Partners Launches Operations at IFSC, GIFT City OVERVIEW: France based Allianz Partners announced the launch of its IFSC Insurance Office (IIO Reinsurance Branch) in International Financial Services Centre…
Read insight →Foreign Brokers allowed to operate remotely in IFSC, GIFT City
OVERVIEW- The International Financial Services Centres Authority (IFSCA) has recently issued a significant circular regarding Remote Trading Participants (RTP) on Stock Exchanges within the International Financial…
Read insight →Amendment to the IFSCA (Vault Manager) Circular, 2021
OVERVIEW- The International Financial Services Centers Authority (IFSCA) has issued a circular announcing amendments to the guidelines for Vault Managers operating within International Financial Services Centres…
Read insight →ADB approves $23 million loan to boost GIFT City
OVERVIEW- The Asian Development Bank (ADB) has sanctioned a USD 23 million loan with the Gujrat International Finance Tec-City (GIFT) in India. - According to ADB, Gujarat International Finance Tec-City (GIFT), a…
Read insight →DGCA proposes amending “Civil Aviation Requirement” for aircraft registration and de-registration
DGCA proposes amending “Civil Aviation Requirement” for aircraft registration and de-registration OVERVIEW- Recently, The Directorate General of Civil Aviation (DGCA) released a draft related to amend certain Civil…
Read insight →IRB Infra lists $540 Million foreign currency bonds on ′India INX′
OVERVIEW- IRB Infrastructure Developers Ltd (IRB) on February 22 said its board of directors has approved a fundraise of up to $540 million through foreign currency bonds. - The bonds, carrying a coupon rate of 7.11%,…
Read insight →FATF Compliance in IFSC GIFT City
What is FATF? The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective…
Read insight →Maintenance of Net Worth by Fund Management Entity
OVERVIEW- The International Financial Services Centres Authority (IFSCA) is pivotal in overseeing and regulating financial operations within International Financial Services Centres (IFSCs). In a recent circular, IFSCA…
Read insight →Constitution of a Standing Committee on Primary Markets
OVERVIEW: On January 24, 2024, the Indian government introduced the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024, and the Companies (Listing of Equity Shares in Permissible Jurisdictions)…
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