The International Financial Services Centres Authority (IFSCA) on September 12, 2024, issued the Consultation paper on the proposed revised ‘Framework for undertaking Global/Regional Corporate Treasury Centres activities by Finance Company/Unit in IFSC’.
The following has been stated namely: -
• An entity seeking to be eligible to commence operations as a GRCTC in IFSC shall require a Certificate of Registration as a Finance Company or a Finance Unit
• The applicant shall submit an application to the Authority, for the grant of the Certificate of
Registration, in the format and in the manner as may be specified by the Authority
• Comments/suggestions maybe sent to Ms. Riddhi Bhandari at [email protected] and Mr. Lobhas Khairnar at [email protected].in latest by October 02, 2024. The comments may kindly be submitted in the specified format.
