International Financial Service Centre (Ifsc), Gift City
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One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is GIFT City and where is it located?
GIFT City (Gujarat International Finance Tec-City) is India's first operational International Financial Services Centre, located in Gandhinagar, Gujarat, developed as a global financial and IT services hub.
What is the full form of GIFT in GIFT City?
Gujarat International Finance Tec-City
Which authority regulates the International Financial Services Centre in GIFT City?
The International Financial Services Centres Authority (IFSCA), established under the IFSCA Act 2019, is the unified regulator for all financial products, services, and institutions in GIFT IFSC.
Which city houses the GIFT IFSC campus?
Gandhinagar, Gujarat
What legislation governs the establishment of IFSCA?
The International Financial Services Centres Authority Act, 2019 established IFSCA as a statutory body to develop and regulate financial products and services in IFSCs in India.
When was the International Financial Services Centres Authority (IFSCA) established?
2020, under the IFSCA Act
In which currency are transactions conducted in GIFT IFSC?
All transactions in GIFT IFSC are conducted in foreign currencies (not Indian Rupee), making it equivalent to operating in an offshore financial environment within India.
What is the minimum net worth requirement for setting up a fund management entity in GIFT IFSC?
USD 150,000 as net tangible assets
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