The International Financial Services Centres Authority on 21st September 2021 has decided to issue application forms for recognition and renewal of MIIs in GIFT-IFSC. New entities desirous of operating as MIIs and existing MIIs operating in GIFT-IFSC are directed to submit the applications forms for recognition / renewal of recognition in the prescribed format.
The applicant shall enclose four copies of the rules, memorandum and articles of association relating in general to the constitution and management of the stock exchange and four copies of the bye-laws for the regulation and control contracts in securities along with the application.
Further the applicant shall state the number of members at the time of application and shall state whether there is any provision, resolution or convention for limiting the number of members and whether in pursuance thereof you have fixed a ceiling onthe number of members that you would take.
