Regulatory Architecture for Direct Listing in GIFT IFSC: Companies Act, FEMA, IFSCA and Stock Exchange Framework Explained Direct listing in GIFT IFSC is not governed by a single law or regulation. It operates through an interconnected framework comprising the Companies Act, foreign-exchange regulations, the Direct Listing Scheme, IFSCA regulations, securities-contract…

Direct Listing Without Public Offer in GIFT City: A New Listing Route for Unlisted Companies India’s capital-market ecosystem is gradually expanding beyond the conventional initial public offering model. Several established, promoter-funded and venture-backed companies may not require immediate capital but may still seek liquidity for existing shareholders, transparent price discovery,…

Expert Committee Report on REITs and InvITs in GIFT IFSC: Key Recommendations, Regulatory Changes and Opportunities The International Financial Services Centres Authority (IFSCA) has released the Report of the Expert Committee on the Development of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in GIFT IFSC, outlining a…

CBDT Grants TDS Exemption to Specified IFSC Units: Eligibility, Covered Payments and Compliance Requirements The Central Board of Direct Taxes (“CBDT”), through Notification No. 80/2026 dated 10 July 2026, has introduced a significant tax compliance relief for specified entities operating in an International Financial Services Centre (“IFSC”). The notification provides…

IFSCA’s Proposed KRA Integration Framework for IFSC Regulated Entities: Compliance Impact, Timelines and Action Points The International Financial Services Centres Authority has issued a consultation paper proposing a circular on the integration of Regulated Entities in IFSC with KYC Registration Agencies registered with IFSCA. The objective is to reduce duplication…