GIFT City sits nine kilometres from the practice’s Gandhinagar office, and its regulatory framework is young, unified and still being written. That combination rewards close reading. The rules are new enough that the text itself, and the consultation papers behind it, decide questions that older regimes settle by habit.
The work
The practice advises businesses entering the international financial services centre on what their proposed activity is in regulatory terms, which framework governs it, and what registration or authorisation it needs. It prepares and pursues applications, builds the compliance calendar the licence brings with it, and answers the recurring boundary questions where IFSC regulation meets domestic exchange-control, tax and company law.
For operating units, the practice handles regulatory correspondence, inspection responses and the opinions their boards and auditors ask for.
How the practice approaches it
A young regime demands source discipline. The practice works from the regulations, circulars and consultation papers as issued, tracks changes by date, and marks clearly in every advice which parts rest on settled text and which on the practice’s reading of an open point. Where the honest answer is that the authority has not yet spoken, the advice says so and plans for both outcomes.