SCHEDULE [See regulation 3(1), 3(4)(i) and 3(4)(ii)] No. Activity Minimum Owned Fund Requirement Exempted Regulations, if any 1 Undertaking only operating lease transactions for aircraft lease USD 0.2 mn or equivalent amount in any other freely convertible currency Regulation (4) and Regulation (8) subject to the following: (i) To have a Board approved prudential policy (ii) Fit and Proper criteria set out by the Authority 2 Undertaking one or more of the non-cor... ... ...

11. If a Finance Company or a Finance Unit, as the case may be, fails to fulfil any of the conditions subject to which the registration under Regulation 3 has been granted, the Authority may take any action as it may deem fit, including suspension, withdrawal or cancellation of registration, after giving an opportunity to the entity, of making its submissions. =============... ... ...

10. (1) For the purposes of implementation of these regulations and matters incidental thereto, or in order to facilitate and regulate financial services relating to activities permitted under these regulations, the Authority may specify norms, procedures, processes, manners including relaxations therefrom, if any, by way of circulars or guidelines. (2) The applicant entity /Finance Company/ Finance Unit, shall pay to the Authority, such fees and charges, as may be specified. =========... ... ...

9. (1) Every Finance Company and Finance Unit shall furnish information relating to its operations to the Authority, in such manner, interval and form, as may be specified by the Authority. (2) Every financial reporting by a Finance Company and a Finance Unit to the Authority shall be in US Dollar, unless otherwise specified by the Authority. =============... ... ...

8. (1) Every Finance Company and Finance Unit shall adhere to the guidelines on corporate governance and disclosure requirements to be specified by the Authority. (2) Any mergers, acquisitions, takeovers or change in management of a Finance Company, which results in its change in control of at least twenty per-cent. of total share capital, or of business decisions under an agreement, shall be subject to prior approval and such other requirements as may be specified by the Authority: Pr... ... ...

7. Every Finance Company and Finance Unit shall follow Know Your Customer norms, combating of financing of terrorism and other anti-money laundering requirements, including reporting requirements, as specified for a Banking Unit in IFSCs. =============... ... ...

CHAPTER V MISCELLANEOUS 6. (1) A Finance Company or a Finance Unit, as the case may be, shall carry out its operation in a freely convertible foreign currency and with such persons, whether resident or otherwise, as may be permitted by the Authority: Provided that a Finance Company or a Finance Unit, as the case may be, may be permitted to conduct such business transactions denominated in INR as may be specified by the Authority, subject to settlement of those business transactions ... ... ...

CHAPTER IV PERMISSIBLE ACTIVITIES 5. (1) A Finance Company or a Finance Unit, as the case may be, may undertake the following permitted core and non-core activities, subject to compliance with such terms and conditions or guidelines as may be specified by the Authority: (i) Permitted Specialised Activities (a) Credit enhancement; (b) Factoring and forfaiting of receivables; (c) any other specialised activity as may be permitted by the Authority. ... ... ...

SMT. P. MADHAVI DEVI, JUDICIAL MEMBER AND SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER For the Assessee :  None For the Revenue : Shri S.K. Gupta, DR ORDER Per Smt.P. Madhavi Devi, J.M. This is Revenue's appeal for the A.Y 2008-09. In this appeal, the Revenue's grievence is that the CIT (A) has erred in giving relief to the assessee on estimation of the income at a certain percentage of turnover without appreciating that the actual issue involved is determination of 'suppression of... ... ...

CHAPTER III PRUDENTIAL REGULATORY REQUIREMENTS 4. (1) The prudential regulations applicable to a Finance Company or a Finance Unit, as the case may be, shall be such as may be specified by the Authority. (2) Capital Ratio (CR) A Finance Company or a Finance Unit, as the case may be, shall maintain a minimum capital ratio at eight per cent of its regulatory capital to its risk-weighted assets or at such percentage as may be specified by the Authority. (3) Liquidity Coverage Rat... ... ...

LISBON, Portugal and BENGALURU, India, Sept. 15, 2026 /PRNewswire/ -- Natixis announced that Etienne Huret is taking on the additional responsibility of leading its Expertise Centers in Portugal and India, strengthening coordination between the teams in Bangalore, Porto and Lisbon. The new responsibility aims to strengthen coordination between the expertise hubs in Portugal and India, fostering closer collaboration, knowledge sharing and more consistent ways of working across teams and geogr... ... ...

CHAPTER II SETTING UP OF A FINANCE COMPANY 3. (1) An entity shall commence business as a Finance Company or Finance Unit, as the case may be, in International Financial Services Centres (IFSCs) only after obtaining a certificate of registration from the Authority for carrying out the activities specified in Schedule to these regulations. (2) A Finance Company can be set up either as a subsidiary or a joint venture, or as a newly incorporated company under the Companies Act, 2013, or... ... ...

2. (1) In these regulations, unless the context otherwise requires, - a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); b) "Aircraft Lease" includes operating and financial lease and any hybrid of operating and financial lease of aircraft or helicopter and engines of aircraft or helicopter or any other part thereof; c) "Authority" means the International Financial Services Centres Authority established under sub- section ... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 25th March, 2021 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (FINANCE COMPANY) REGULATIONS, 2021 IFSCA/2020-21/GN/REG010.-In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby mak... ... ...

Samar Nanda (Customs Authority for Advance Rulings, New Delhi) Present for the Applicant : Mr. Tarun Gupta, Authorized Representative. Present for the Department : None Ruling M/s. Exim Incorporation, 278, Katra Peran, Tilak Bazar, Delhi-110006, the Applicant currently engaged in Import and Local Trading of various items related to Food Industry like Dry Fruits, Spices, and Areca/Betel Nuts, having Import Export Code No. 0509088708 and GST Number (GSTIN) 07AAOPG0854E1ZV ('applica... ... ...

Recognition of IFSC stock exchanges, clearing corporations and depositories depends on incorporation, ownership, fit-and-proper status, net worth, governance and operational capability. Stock exchanges require orderly trading, surveillance, investor grievance and continuity systems; clearing corporations require netting, novation, risk controls and a Settlement Guarantee Fund; and depositories require secure dematerialisation, daily reconciliation, data protection and investor safeguards. Recognised institutions must ensure fair access, maintain electronic records, appoint a compliance officer, submit returns, and remain subject to inspection, audit, directions and prescribed conditions.

Goa grants full State tax exemption for specified intra-State supplies of goods classified under listed tariff items, headings and Chapters. Coverage includes primary agricultural produce, specified food products, seeds, feed, medicines, contraceptives, educational goods, cultural articles, public-interest goods and identified indigenous handmade musical instruments. Many entries apply only to goods other than pre-packaged and labelled goods. Lottery supplies, grant-funded supplies by Government entities, hearing-aid parts and public auctions of specified gift items are subject to stated conditions. Customs Tariff classification rules apply, and seed exemptions require seed-quality or sowing use.

Personal loans are available to eligible customers as collateral-free credit, subject to lender assessment, eligibility criteria and applicable lending terms. Interest rate, loan amount and repayment tenure determine the monthly EMI and total repayment obligation, while processing fees and other charges form part of the overall borrowing cost. Borrowers should compare rates, EMIs, tenure, total repayment amount, fees and repayment terms. Applications involve online eligibility checking, submission of personal and financial details, review of an offer, KYC verification and completion of applicable requirements.

Section 68 of the Income-tax Act applies to an unexplained bogus liability recorded in the books, even where the credit does not represent a cash receipt. A purchase from a related concern was found non-genuine from supporting records and bank-account examination, leaving the corresponding liability as an unsubstantiated paper entry. As no plausible explanation established the liability's genuineness, the amount credited as the bogus purchase liability was liable to be added to income under Section 68.

India's merchandise exports grew faster than imports in August 2026, reducing the merchandise trade deficit to USD 26.86 billion. Exports reached USD 43.81 billion, with engineering goods, petroleum products, chemicals and textiles supporting growth, while imports amounted to USD 70.76 billion. During April-August, both exports and imports increased. Export demand was significant in the United States, European Union, BRICS countries and other emerging economies, while gold imports declined substantially in August.