International Financial Services Centres Authority (Global In-house Centres) Regulations, 2025 Chapter III FUNCTIONING OF A GLOBAL IN-HOUSE CENTRE UNIT
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Global in house centre services limited to financial products; non resident clients; 10% India revenue cap; prior approval required. Regulation 8 permits a GIC Unit to provide services only relating to financial products and financial services to non resident group entities outside FATF high risk jurisdictions, allows up to 10% of revenue from providing services to Indian group entities for delivery from IFSC, requires prior Authority approval for an outside India entity to provide services to Indian group entities from IFSC, and prohibits setting up a GIC in IFSC by transferring existing contracts or work arrangements from Indian group entities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Global in house centre services limited to financial products; non resident clients; 10% India revenue cap; prior approval required.
Regulation 8 permits a GIC Unit to provide services only relating to financial products and financial services to non resident group entities outside FATF high risk jurisdictions, allows up to 10% of revenue from providing services to Indian group entities for delivery from IFSC, requires prior Authority approval for an outside India entity to provide services to Indian group entities from IFSC, and prohibits setting up a GIC in IFSC by transferring existing contracts or work arrangements from Indian group entities.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.