Business from the IFSC can be conducted in any freely convertible currency other than the Indian rupee; and in terms of the FEMA (IFSC) Regulations, 2015, any financial institution or its branch set up in IFSC shall be treated as a ‘person resident outside India’. By Partner Leena Chacko and Associate Devanshi Dalal.
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For further information, please contact:
Leena Chacko, Partner, Cyril Amarchand Mangaldas
leena.chacko@cyrilshroff.com
