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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
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
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
Twenty Years, Not Ten: GIFT City Tax Holiday Under Section 147 After the Finance Act, 2026
The phrase “GIFT City tax holiday” conceals three legal questions that decide whether anything is actually exempt: which entity qualifies, which income qualifies, and f
Setting Up in GIFT IFSC: The Letter of Approval, IFSCA Registration and the SWIT Process
Setting up in GIFT IFSC requires two distinct approvals: a Letter of Approval to operate as a unit in a Special Economic Zone (SEZ) and the applicable licence, registration, recogn
