https://www.taxtmi.com/circulars?id=57696 The amendments require stock exchanges, clearing corporations and foreign depositories to form subsidiaries to operate in IFSCs with the parent retaining majority paid up equity; other specified market entities may hold remaining equity subject to an individual cap. Indian depositories may set up ring fenced IFSC Depository Services with Board approval. SEBI-registered intermediaries (except trading or clearing members) may operate in IFSC without forming a separate company subject to prior Board approval; trading and clearing members must form a company. IFSC market infrastructures are exempted from certain domestic regulations but must adopt international governance principles and remain governed by their parent entity. en-us Thu, 27 Jul 2017 00:00:00 +0530 Sat, 24 Nov 2018 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57696 The amendments require stock exchanges, clearing corporations and foreign depositories to form subsidiaries to operate in IFSCs with the parent retaining majority paid up equity; other specified market entities may hold remaining equity subject to an individual cap. Indian depositories may set up ring fenced IFSC Depository Services with Board approval. SEBI-registered intermediaries (except trading or clearing members) may operate in IFSC without forming a separate company subject to prior Board approval; trading and clearing members must form a company. IFSC market infrastructures are exempted from certain domestic regulations but must adopt international governance principles and remain governed by their parent entity. Circulars SEBI Thu, 27 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57696