Registration of Finance Companies in IFSCs requires prior certification, prescribed capital support, FATF compliance, and deficiency rectification.

Registration is required before a Finance Company or Finance Unit may commence scheduled activities in an IFSC. Finance Companies must maintain the prescribed minimum owned fund, while a Finance Unit's parent must provide and maintain the applicable fund on an unimpaired basis. Applicants and/or promoters must be from FATF-compliant jurisdictions. Registration may be provisional where further time is justified for specified conditions. Deficiencies must be communicated for rectification, and refusal requires reasons and an opportunity for written submissions.

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