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Exiting GIFT IFSC: Surrendering IFSCA Registration and Leaving the SEZ
Entry into GIFT IFSC is a single-window process (Article 3). Exit is not. It involves at least two separate authorities, and for a company that wishes to cease to exist altogether,
Arbitrating With a GIFT IFSC Entity: Seat, “International” Character and the Choice of a Foreign Seat
GIFT IFSC entities frequently enter cross-border contracts containing arbitration clauses. However, an international transaction does not automatically qualify as an international
Insolvency of a GIFT IFSC Entity: Who Is a “Corporate Person”, and What Happens If No One Is
A lender dealing with a company in GIFT IFSC needs to know what happens if the borrower defaults. The obvious answer is the Insolvency and Bankruptcy Code, 2016 (IBC), but it may n
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
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
Payment Service Providers in GIFT City IFSC: Authorisation Under the IFSCA (Payment Services) Regulations, 2024
Payments regulation everywhere begins with a definitional question: which activities are payment services, and which merely support them. The IFSCA (Payment Services) Regulations,
