Share on LinkedInShare on LinkedIn

ARTICLE · 13 APRIL 2026

Gift City IFSC- Unlike A General SEZ

LegaLogic
Explore more from LegaLogic

GIFT CITY stands for Gujarat International Finance Tec- City. It is a planned business district in the state of Gujarat, India, conceived by the Government of India and Government of Gujarat as a global financial and services hub and as the location for India's first International Financial Services Centre (IFSC). GIFT CITY is an integrated development comprising of a Multi-Services Special Economic Zone (SEZ) and a separate Domestic Tariff Area (DTA).

IndiaFinance and Banking
Rinal Kolaskar
Rinal Kolaskar
Author LinkedIn connections

REGULATORY BOUNDARIES, PERMISSIBLE BUSINESS ACTIVITIES AND PROCEDURE OF INCORPORATION OF COMPANY/WOS IN THE GIFT CITY

GIFT CITY stands for Gujarat International Finance Tec- City. It is a planned business district in the state of Gujarat, India, conceived by the Government of India and Government of Gujarat as a global financial and services hub and as the location for India's first International Financial Services Centre (IFSC). GIFT CITY is an integrated development comprising of a Multi-Services Special Economic Zone (SEZ) and a separate Domestic Tariff Area (DTA).

Within the SEZ, the Government of India has notified an International Financial Services Centre (GIFT IFSC), which is a specialised jurisdiction for cross-border financial services in non-INR currencies.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Banking & Finance Updates September 2026

In August 2026, the Reserve Bank of India (RBI) released the draft Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026, proposing a comprehensive framework for the way regulated entities determine and apply interest rates on loans. While the Indian banking sector has long operated under a patchwork of institution specific instructions, the draft Directions seek to bring much-needed consistency to interest rate regulation across banks, cooperative banks, regional rural banks (RRBs), all-India financial institutions and NBFCs. If finalised in their present form, the Directions will come into effect from 1 April 2027.
IndiaFinance and Banking
King, Stubb & Kasiva
King, Stubb & Kasiva
Article

A Guide To Insider Trading Laws In India!

In the world of finance, the term insider trading often evokes images of shady deals and hidden agendas. But what exactly is insider trading? Why is it illegal, and how do laws in India seek to prevent it? Let's dive into this intriguing subject, simplifying the complexities surrounding insider trading laws in India, while exploring the impact of these laws on the financial markets and their role in maintaining fairness.
IndiaFinance and Banking
MZM Legal, Advocates & Legal Consultants
MZM Legal, Advocates & Legal Consultants
Article

Received A DRT / Sarfaesi Notice? A Borrower’s And Guarantor’s Guide To Response Timelines And Defences

The Debts Recovery Tribunal, also known as DRT, follows certain rules which relate to the time limits mentioned in the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act or the Act). These limits are not merely procedural requirements and instead are factors which influence the right of the borrower or guarantor depending on the stage of recovery proceedings in question.
IndiaFinance and Banking
Maheshwari & Co. Advocates & Legal Consultants
Maheshwari & Co. Advocates & Legal Consultants
Article

Supreme Court Clarifies Applicability Of SARFAESI Remedies For A Secured Creditor Who Acquires An NPA From A Non-notified NBFC

In Kotak Mahindra Bank Limited v Trupti Sanjay Mehta and Others, 2026 INSC 943 (Kotak Mahindra), the Hon’ble Supreme Court of India considered whether a bank as defined under Section 2(1)(c) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) could invoke the provisions of the SARFAESI Act to recover a secured debt acquired from an entity which was not covered under the ambit of the SARFAESI Act at the time of disbursement of the loan.
IndiaFinance and Banking
Khaitan & Co.
Khaitan & Co.
Article

Maharashtra Introduces A Dedicated Stamp Duty Regime For Bank And Financial Guarantees

The Maharashtra Stamp (Fourth Amendment) Act, 2026 introduces a new dedicated stamp duty framework for financial and bank guarantees in Schedule I of the Maharashtra Stamp Act, 1958. This amendment establishes differentiated duty rates based on guarantee value and type, addressing long-standing ambiguities in how such instruments were previously taxed under generic security bond provisions. The reform has significant implications for banks, NBFCs, and entities dealing with government contracts, though quest
IndiaFinance and Banking
Acuity Law
Acuity Law
Article

No Private University To Operate As A Profit-Making Institution: Supreme Court’s Recent Order

The Supreme Court vide its recent order dated September 17, 2026 (“Order”) in the matter of Ayesha Jain v. Amity University, Noida & Ors., [W.P. (C) No. 531/2025] came down heavily on the manner of operation of universities and issued a series of stringent directions requiring greater disclosure by universities, including with respect to their finances, admissions, staffing, grievance redressal and regulatory compliance
IndiaFinance and Banking
LexCounsel
LexCounsel