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Cross-Border Mergers, Reverse Flips and GIFT IFSC
Indian law generally does not permit a foreign company to directly re-domicile to India. Instead, a foreign entity may merge into a surviving Indian company under Section 234 of th
Companies Act Exemptions for GIFT IFSC Companies, and the Definitional Question They Now Raise
A company incorporated in GIFT IFSC remains an Indian company governed by the Companies Act, 2013. However, the MCA notifications dated 4 January 2017 provide specific exemptions,
Ship Leasing From GIFT IFSC: The IFSCA Framework and the Shipping-Law Layer
Ship leasing in GIFT IFSC is often described as the maritime counterpart of aircraft leasing (Article 41). The regulatory architecture is indeed similar, and deliberately so. But t
Aircraft Leasing Insolvency in India: Repossession Rights and IBC Rules
For aircraft lessors, the real risk lies in recovering an aircraft when an airline defaults. India’s insolvency proceedings between May 2023 and April 2024 exposed the conflict b
Aircraft Leasing From GIFT IFSC: The IFSCA Framework and India’s Cape Town Legislation
Aircraft leasing was the first non-banking business that GIFT IFSC set out to win, and the legal work required to make it possible illustrates how the IFSC framework is built: a Ce
GIFT IFSC Employment Compliance: Labour Codes, SEZ Formalities and Regulatory Staffing Requirements
An IFSC unit’s employment compliance in GIFT IFSC involves three key areas: Indian labour laws, SEZ and Gujarat state requirements, and IFSCA staffing rules governing designated
Global In-house Centre and Ancillary Service in GIFT IFSC
GIFT IFSC provides a regulated framework for global financial institutions to establish back-office and support operations in India. The IFSCA (Global In-house Centre) Regulations,
Legal Services From GIFT IFSC: The IFSCA Framework and the Bar Council Rules
GIFT IFSC has a provision that surprises many lawyers: “Legal services” is a permitted ancillary service, listed in the First Schedule to the IFSCA (TechFin and Ancilla
The DPDP Act and GIFT IFSC: Understanding the Section 17(1)(d) Exemption
A significant part of GIFT IFSC’s service economy involves processing personal data for offshore clients, whether through fund administration, global in-house centres or back-off
IFSCA Cyber Security and Cyber Resilience Guidelines: Rules and Exemptions for GIFT IFSC
The IFSCA Cyber Security and Cyber Resilience Guidelines for GIFT City entities establish mandatory cyber risk management standards, with conditional, time-limited exemptions intro
