Notification

IFSCA Informal Guidance Framework

Get in touch with us

    Your information is confidential and secure


    Get in touch with us

      Your information is confidential and secure


      The IFSCA issued a consultation paper yesterday proposing an “informal guidance” framework, summarized below:

      Who can request:

      • Existing players in IFSCA
      • Persons intending to undertake business in IFSC
      • Others as may be specified

      Types of guidance:

      • No-Action Letters: Request IFSCA to indicate whether or not it would take any action if the proposed activity/ business/ transaction is carried out
      • Interpretive Letters: Request for IFSCA’s interpretation of specific legal provisions

      Process:

      Application fee: USD 1,000

      IFSCA aims to respond to requests within 30 days

      The consultation paper invites stakeholders / public to submit feedback by September 10, 2024 via email This is a proactive approach by the IFSCA to foster transparency and provide support to entities operating or looking to operate within the IFSC, ensuring that they have the necessary guidance to comply with the evolving regulatory landscape.

      About the Author

      We Are Problem Solvers. And Take Accountability.

      Related Posts

      Foreign Subsidiary Jurisdiction for Indian Startups: Singapore, UAE, UK or US?
      Foreign Subsidiary Jurisdiction for Indian Startups: Singapore, UAE, UK or US?

      Indian founders are setting up foreign subsidiaries at a rate not seen before. EY India estimates that outbound ODI flows...

      Learn MoreLearn More
      CCPS vs Equity Shares in Funding: Conversion, Voting rights, Risks
      CCPS vs Equity Shares in Funding: Conversion, Voting rights, Risks

      When an investor sends you a term sheet saying they want CCPS, most founders nod along. The instrument sounds technical,...

      Learn MoreLearn More
      Venture Debt vs Equity Funding – Strategy for Founders and Startups
      Venture Debt vs Equity Funding – Strategy for Founders and Startups

      Venture Debt vs Equity Funding is one of the most consequential capital decisions an Indian startup founder will make. Indian...

      Learn MoreLearn More

      For Customer Support

      Mumbai | Delhi |
      Bangalore | GIFT City

      Speak to Us!

      We respond within 60 minutes.

        Your information is confidential and secure


        Let's talk.

        We've seen most founder problems before. Tell us yours.






          Typically responds within 4 hours
          Or reach out directly