A GIFT City Licence, a Nameplate, and a Cancellation: What the IFSCA Order Against LMB Insurance Brokers Teaches Every IFSC Entity

A composite insurance broker held a valid GIFT City licence until 2027 — and lost it without ever placing a single policy. IFSCA’s order against LMB Insurance Brokers is a masterclass in how not to run an IFSC unit. Here are the three mistakes that triggered cancellation, two compliance myths it demolishes, and the playbook every IFSC entity should follow.

The Four Fund Vehicles in GIFT IFSC, Compared: Venture Capital, Restricted, Retail & Special Situation Funds

Choosing the right fund vehicle is one of the most important decisions for any fund manager entering GIFT City. This guide compares Venture Capital Schemes (VCS), Restricted Schemes, Retail Schemes, and Special Situation Funds (SSF) under the IFSCA (Fund Management) Regulations, 2025, helping managers understand investor limits, minimum investments, FME requirements, leverage rules, corpus thresholds, and launch pathways.

Aircraft and Ship Leasing from GIFT IFSC: Complete Legal Framework, Regulatory Process, and Compliance Requirements Under IFSCA, FEMA, and the Income Tax Act, 2025

Setting up an aircraft or ship leasing entity in GIFT IFSC requires completing a mandatory sequential process under IFSCA regulations, the SEZ Act, FEMA, and the Income Tax Act 2025. This article covers the complete legal framework, step-by-step setup process, owned fund requirements, sector-specific clearances, and tax structuring under Section 147 — written by a Company Secretary with direct, on-ground experience in GIFT City.

India’s New Global Listing Route: How Companies Can List at GIFT IFSC Without an IPO | The GIFT IFSC Direct Listing Route Explained

India’s GIFT IFSC framework now enables eligible Indian public companies to list their shares on recognised international exchanges without undertaking a traditional IPO or raising fresh capital. This article explains the legal structure behind direct listings under Section 23(3) of the Companies Act, the LEAP Rules 2024, and the IFSCA Listing Regulations.

Why the 2025 IFSCA Fund Management Regulations Mark GIFT IFSC’s Institutional Coming of Age

The 2025 IFSCA Fund Management Regulations fundamentally reorient GIFT IFSC’s regulatory philosophy — from entry facilitation toward governance-led institution building. For fund managers, family offices, and global allocators, the implications go well beyond compliance. This is GIFT IFSC’s institutional coming-of-age moment.

Direct Listing vs IPO in GIFT IFSC: What Indian Companies Actually Need to Know in 2026

In 2026, the real question isn’t going public — it’s IPO or direct listing, and where.
This guide clarifies the legal position of direct listings in GIFT IFSC — what’s in place, what’s pending, and what’s often misunderstood. While IPOs raise capital, direct listings enable liquidity without dilution. As of April 2026, however, the framework is still not operational.