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IFSCA (Finance Company) Regulations, 2021: Registration, Capital Requirements and Permitted Activities in GIFT IFSC
Most non-bank financial activity in GIFT IFSC runs through a single instrument: the IFSCA (Finance Company) Regulations, 2021. Lending, factoring, aircraft and ship leasing, treasu
The IFSC Banking Unit in Gift City: How It Differs Legally from an Indian Bank Branch
An IFSC Banking Unit in GIFT City may look like a conventional bank branch, but its regulatory framework is different. Governed by the International Financial Services Centres Auth
Direct Listing on IFSC Exchanges: What an Indian Company Must Satisfy
For decades, Indian companies seeking to raise equity capital abroad relied on depository receipts rather than listing their equity shares directly on foreign exchanges. This chang
Borrowing from GIFT City IFSC: IFSC Lenders Under the 2026 External Commercial Borrowing (ECB) Framework
For an Indian company, a loan from an IFSC Banking Unit in GIFT City is treated as an external commercial borrowing (ECB) under the applicable FEMA framework. This position remains
Indian Companies Investing in GIFT IFSC: The Overseas Investment Framework
When an Indian company sets up a subsidiary in GIFT City, the investment is treated as an overseas investment under India’s foreign exchange framework. The fact that GIFT City is
Resident Individuals and GIFT IFSC: What the Liberalised Remittance Scheme (LRS) Now Permits
For a resident individual, GIFT IFSC presents a paradox. It is in Gujarat, but a financial institution there is treated as a person resident outside India for foreign exchange purp
Corporate Treasury Centres in GIFT IFSC: Registration, Permitted Activities and the Deemed-Dividend Question
A group treasury centre helps multinational groups manage funds and lending between affiliates. In GIFT IFSC, a Global or Regional Corporate Treasury Centre (GRCTC) operates under
Transaction Taxes on IFSC Exchanges: STT, CTT and Stamp Duty
Transaction taxes on IFSC exchanges affect trading costs and liquidity because they apply to transactions rather than profits. In India, securities transaction tax (STT), commoditi
GST and the GIFT IFSC Unit: Zero Rating, Exports and the “Authorised Operations” Trap
For indirect tax, a GIFT IFSC unit is not a special species. It is an SEZ unit, and the GST treatment of GIFT IFSC units follows from that classification, read with two questions:
Relocating an Offshore Fund to GIFT IFSC : The Tax-Neutrality Conditions
Moving a fund is not like moving an office. The relocation of offshore funds to GIFT City can involve two potential capital gains tax events: the fund’s transfer of assets to a n
