https://www.taxtmi.com/acts?id=53668 Companies set up and incorporated in an International Financial Services Centre must issue and maintain share capital in a permitted foreign currency, and pre-existing IFSC companies may convert existing share capital from Indian rupee within the period and manner specified by regulation. Such companies must maintain books of account, financial statements and other records in the permitted foreign currency, though presentation in Indian rupee may be allowed by the Authority. The Central Government may require use of the permitted foreign currency for filings, while fees, fines and penalties remain payable in Indian rupees. en-us Tue, 24 Mar 2026 14:22:51 +0530 Tue, 24 Mar 2026 14:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53668 Companies set up and incorporated in an International Financial Services Centre must issue and maintain share capital in a permitted foreign currency, and pre-existing IFSC companies may convert existing share capital from Indian rupee within the period and manner specified by regulation. Such companies must maintain books of account, financial statements and other records in the permitted foreign currency, though presentation in Indian rupee may be allowed by the Authority. The Central Government may require use of the permitted foreign currency for filings, while fees, fines and penalties remain payable in Indian rupees. Act-Rules Bills Tue, 24 Mar 2026 14:22:51 +0530 https://www.taxtmi.com/acts?id=53668