Perspectives on regulation, markets, compliance and GIFT IFSC
Proposed Amendments under IFSCA(Fund Management Regulations, 2022)
OVERVIEW: The International Financial Services Centres Authority (IFSCA) has released a consultation paper on the ‘Review of IFSCA (Fund Management) Regulations, 2022, which is open for public comment until August 26,…
Read insight →REC Limited to establish Subsidiary in GIFT IFSC
OVERVIEW: REC Limited, a 'Maharatna' company under the administrative control of the Ministry of Power, has applied to open a subsidiary in GIFT CITY. This move will enable the company to start financing offshore…
Read insight →New Dispute Resolution Framework proposed by Expert Panel for GIFT IFSC
OVERVIEW: An expert panel set up for drafting rules for an international arbitration centre at GIFT City has sought changes to arbitration and mediation laws to ensure swifter out-of-court dispute resolution in the…
Read insight →Variable Capital Company Structure proposal to enhance IFSC GIFT City
OVERVIEW: The Union Budget 2024-25 introduces provisions to enable Variable Capital Company (VCC) structures in India, particularly in the GIFT IFSC. In the context of budget, approval will be sought to establish an…
Read insight →Key Highlights of Budget 2024 for IFSC GIFT City
OVERVIEW: The Indian Budget presented on 23 July 2024 has brought forth a series of significant tax announcement aimed at bolstering the status of GIFT City as a premier global financial hub. These announcements…
Read insight →SEBI allows Credit & ESG rating agencies to operate in IFSC GIFT City
OVERVIEW: The Securities and Exchange Board of India (SEBI) has recently made a strategic move to invigorate the financial ecosystem within the International Financial Services Centres Authority (IFSCA) framework.…
Read insight →RBI allows resident Indians to open Foreign Currency Accounts in GIFT IFSC
OVERVIEW: In a new development country's central bank, the Reserve Bank of India has extended its purview of remittances to the International Financial Services centres(IFSC). The RBI widened the scope of the…
Read insight →Clarification on Bullion imports through India International Bullion Exchange(IIBX) at GIFT City
Clarification on Bullion imports through India International Bullion Exchange (IIBX) at GIFT City OVERVIEW: On June 9, 2024, the India International Bullion Exchange (IIBX) issued a new circular detailing significant…
Read insight →SEBI Allows 100% NRI Investment in FPIs at GIFT City
OVERVIEW: SEBI, the Securities and Exchange Board of India, recently announced a significant policy change regarding Foreign Portfolio Investors (FPIs) operating out of the Gujarat International Finance Tec-City (GIFT…
Read insight →Gujarat Government Partners with IBM and Microsoft to Launch AI Hub in GIFT City
OVERVIEW: The Gujarat government is making a strategic move towards becoming a frontrunner in Artificial Intelligence (AI). The Gujarat government's Department of Science and Technology signed memorandums of…
Read insight →IREDA Launches GIFT City Office to Accelerate Green Energy Projects
OVERVIEW The Indian Renewable Energy Development Agency(IREDA) has set up an office in Gujarat International Finance Tec-City (GIFT City) to provide foreign currency- denominated debt financing for green hydrogen and…
Read insight →Global Law Firm Dentons Link Legal sets up shop at GIFT City
OVERVIEW: Dentons Link Legal, a prominent global corporate and commercial law firm, has unveiled a new office in Gujarat International Finance Tec- City (GIFT City), Gandhinagar, Gujarat. This strategic move marks…
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