Category: Foreign Investment

Member banks are advised to incorporate necessary changes in their core banking / middleware solutions to capture the requisite details while forwarding the foreign donations through NEFT and RTGS systems to SBI

The Reserve Bank of India (RBI) has issued a notification introducing Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems. This notification was issued on 16th February, 2023. Member banks should …

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The International Financial Services Centres Authority (IFSCA) has issued the International Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022. The regulations aim to create a regulatory framework and formulate …

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The release elucidates that the government has taken measures to provide and environment of self-sufficiency in steel productions. These measures include the notification of Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of …

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To promote FDI, the Government has put in place an investor-friendly policy. In this policy most sector/activities including Micro, Small and Medium Enterprises (MSMEs) are open for 100% FDI under the automatic route/ However, the …

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According to Regulation 10(a) of SEBI (Alternative Investment Funds) Regulations, 2012 AIFs may raise funds from any investor. Such an investor may be Indian, foreign or non-resident Indians. These funds may be raised by way …

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Through this notification the IFSCA renews the recognition granted to India International Bullion Exchange IFSC Ltd., Guajarat as the Bullion Exchange and Bullion Clearing Corporation. This recognition is granted for one year, commencing on 9th …

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The Board of an IIO shall appoint a person having the necessary qualification, competency, experience and professional status to carry out all the actuarial functions, as the ‘Appointed Actuary’ (AA) and the AA shall have …

Read More "The International Financial Services Centres Authority (Appointed Actuary) Draft Regulations, 2022."

The objective of these regulations is to specify minimum information that is required to be maintained by the International Financial Services Centres Insurance Offices (IIO) and International Financial Service Centre Insurance Intermediary Offices (IIIO), for …

Read More "IFSCA (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Inspection) Draft Regulations, 2022."

For IIOs who is set up in an unincorporated form in an IFSC, financial statements shall be in accordance with the accounting standards applicable to its parent entity, as specified by its home country regulatory …

Read More "IFSCA invites public comments on proposed IFSCA (Preparation & Presentation of Financial Statements of IIOs) Regulations, 2022."