Variable Capital Companies (VCCs) in GIFT IFSC: Understanding India’s Proposed Fund Vehicle Framework India’s International Financial Services Centre (IFSC) at GIFT City has witnessed significant growth in the fund management ecosystem over the last few years. With increasing participation from fund managers, private equity funds, venture capital funds, family offices,…

IFSCA Prescribes Annual Compliance Audit Reporting Framework for CMIs: What Capital Market Intermediaries Need to Know Every Capital Market Intermediary (CMI) registered with the International Financial Services Centres Authority (IFSCA) is required to undergo an Annual Compliance Audit under the IFSCA (Capital Market Intermediaries) Regulations, 2025. To standardize this process,…

Companies Act Exemptions for GIFT IFSC Companies: A Practical Guide for Private and Unlisted Public Companies India’s International Financial Services Centre (IFSC) at GIFT City has been established with the objective of creating a globally competitive financial ecosystem. To facilitate ease of doing business and attract international capital, the Government…

Tax and FEMA Considerations for Debt Listing in GIFT IFSC: A Practical Guide for Issuers and Investors As GIFT International Financial Services Centre (GIFT IFSC) continues to strengthen its position as India’s gateway to international capital markets, debt securities listed on India International Exchange (India INX) and NSE International Exchange…

Debt Listing Process in GIFT IFSC: Step-by-Step Guide for Issuers As global capital markets become increasingly accessible, Indian companies are actively exploring alternative funding avenues beyond traditional bank financing. Debt listing in GIFT International Financial Services Centre (GIFT IFSC) has emerged as an efficient route for raising foreign currency capital…

Debt Listing in GIFT IFSC: Complete Guide to Regulatory Framework, Eligibility and Listing Requirements As Indian businesses increasingly seek access to international capital markets, debt listing in GIFT International Financial Services Centre (GIFT IFSC) has emerged as an attractive fundraising avenue. Established as India’s first international financial centre, GIFT IFSC…

Consumer Charter for IFSC Regulated Entities: Compliance Expectations under IFSCA Circular dated 08 May 2026 The International Financial Services Centres Authority (IFSCA) has been steadily strengthening the regulatory and governance framework within GIFT IFSC to align with global financial standards. Continuing this approach, IFSCA issued a circular dated 08 May…

IFSCA Master Circular for Broker Dealers & Clearing Members, 2026: Key Changes from Earlier Circulars and the 2021 Framework The International Financial Services Centres Authority (IFSCA) has issued the Master Circular for Broker Dealers and Clearing Members dated May 12, 2026, consolidating various circulars issued between 2020 and 2024 into…

Payment and Settlement Systems in GIFT IFSC: Regulatory Framework, Authorisation and Compliance Landscape Introduction to Payment Systems in IFSC The International Financial Services Centre (IFSC) at GIFT City has emerged as India’s gateway to global financial markets, enabling cross-border financial services under a unified regulatory framework. A robust payment and…

IFSCA Reporting Norms for Capital Market Intermediaries (2026): A Comprehensive Compliance Guide The International Financial Services Centres Authority (IFSCA) serves as the unified regulator for financial services in India’s International Financial Services Centres (IFSC), primarily located at GIFT City. Established to develop a globally competitive financial ecosystem, IFSCA regulates banking,…