IFSC company exemptions permit modified application of Companies Act provisions, enabling tailored governance and compliance flexibility. Specified IFSC public companies licensed to operate from an approved multi service SEZ by RBI, SEBI or IRDA shall have specified provisions of the Companies Act disapplied, modified or adapted. Key changes require such companies to be limited by shares, to include 'International Financial Service Company' or 'IFSC' in their name, to keep their registered office within the IFSC, and permit alignment of subsidiary financial years with foreign holding companies without Tribunal approval; numerous timelines, meeting, director, auditor, fundraising and related party provisions are relaxed or substituted as set out in the notification.
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.
IFSC company exemptions permit modified application of Companies Act provisions, enabling tailored governance and compliance flexibility.
Specified IFSC public companies licensed to operate from an approved multi service SEZ by RBI, SEBI or IRDA shall have specified provisions of the Companies Act disapplied, modified or adapted. Key changes require such companies to be limited by shares, to include "International Financial Service Company" or "IFSC" in their name, to keep their registered office within the IFSC, and permit alignment of subsidiary financial years with foreign holding companies without Tribunal approval; numerous timelines, meeting, director, auditor, fundraising and related party provisions are relaxed or substituted as set out in the notification.
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