Company Secretary
Prepare for the ICSI Certificate Course on Regulatory Framework for Capital Market Intermediaries in IFSC with this free 100-MCQ mock test. Covers all 14 topics including broker-dealers, custodians, investment advisers and more under IFSCA regulations. Get instant results, topic-wise performance analysis and detailed explanations — completely free.
IFSCA’s MGA Regulations, 2026 establish India’s first dedicated framework for Managing General Agents in GIFT IFSC. MGAs can underwrite risks and handle claims on behalf of foreign insurers under delegated authority arrangements, creating a new insurance distribution and underwriting model aligned with global practices.
IFSCA fined Abans Financial Services ₹8 lakh across four allegations. Here’s how I would have defended each one — the Compliance Officer vacancy, the sponsor contribution gap, the disclosure delays, and the penalty submissions — using the actual facts of this case.
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.
GIFT City is often assumed to be tax-free, but that assumption is costly. This guide explains how tax treatment differs across GIFT DTA, GIFT SEZ and GIFT IFSC structures, where exemptions genuinely apply, and why many promoters misjudge eligibility at the structuring stage.
A practitioner-led explanation of how GIFT City enables foreign direct investment into India through IFSC structures, FEMA flexibility, downstream investments, pricing efficiency, and cleaner exit pathways for global investors.
A detailed practitioner’s guide to eligibility criteria for listing securities in GIFT City (IFSC), explaining issuer eligibility, governance expectations, FEMA alignment, and how IFSCA actually evaluates listings during document review.
Most first-time GIFT City DRHPs fail for the same reason—they are drafted like Indian IPO documents. This article explains, from live IFSC drafting experience, what a DRHP for GIFT City actually is, how regulators read it, how investors interpret risk and structure, and why disclosure judgment matters more than volume in IFSC listings.
An in-depth opinion piece explaining why IFSC entities are treated as non-residents under FEMA, why foreign investment is not FDI, and why Indian investment is classified as ODI—grounded in statutory analysis and regulatory intent.
A narrative comparison of IFSC Units and domestic Indian companies, explaining the regulatory, FEMA, tax and operational differences that matter for globalising businesses.
