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.
SEBI circular facilitates stock brokers to undertake securities market activities in GIFT-IFSC through a Separate Business Unit (SBU) without specific prior approval. Stock brokers may establish an SBU with segregated operations, maintaining an arms-length relationship between Indian securities market and GIFT-IFSC activities. Existing subsidiaries can transition to SBU model at discretion. Key regulatory safeguards include separate accounting, ring-fenced net worth, and exclusive engagement in IFSCA-permitted activities. Notably, investor grievance mechanisms from Indian securities markets will not apply to SBU operations, emphasizing the distinct regulatory jurisdiction of GIFT-IFSC activities.
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