https://www.taxtmi.com/notifications?id=146910 Finance Companies and Finance Units in International Financial Services Centres require registration before conducting permitted financial activities and cannot accept public deposits or operate as Banking Units. Applicants must satisfy applicable owned-fund requirements, FATF-related eligibility standards, and, where relevant, home-regulator no-objection requirements. They must maintain prescribed capital, liquidity, and counterparty-exposure standards. Permissible activities include lending, investments, leasing, derivatives, treasury functions, and specified non-core services, subject to operational safeguards. Resident dealings remain subject to foreign-exchange law, speculative transactions are prohibited, and anti-money-laundering, governance, disclosure, and reporting obligations apply. en-us Thu, 25 Mar 2021 00:00:00 +0530 Tue, 15 Sep 2026 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=146910 Finance Companies and Finance Units in International Financial Services Centres require registration before conducting permitted financial activities and cannot accept public deposits or operate as Banking Units. Applicants must satisfy applicable owned-fund requirements, FATF-related eligibility standards, and, where relevant, home-regulator no-objection requirements. They must maintain prescribed capital, liquidity, and counterparty-exposure standards. Permissible activities include lending, investments, leasing, derivatives, treasury functions, and specified non-core services, subject to operational safeguards. Resident dealings remain subject to foreign-exchange law, speculative transactions are prohibited, and anti-money-laundering, governance, disclosure, and reporting obligations apply. Notifications Indian Laws Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=146910