Only “permissible holders” can buy or sell equity shares of Indian public companies listed on IFSC exchanges, said Ketaki Mehta, partner, GIFT City at Cyril Amarchand Mangaldas. “Importantly, a permissible holder cannot be a person resident in India. Consequently, resident Indians, whether individuals or companies, are prohibited from purchasing or selling such shares on IFSC…
Rajya Sabha MP Raghav Chadha has urged the government to legalize virtual digital assets (VDAs) such as cryptocurrency and stablecoins, highlighting that the absence of a clear regulatory framework is pushing Indian investors and crypto companies to shift operations offshore. “India taxes VDAs (virtual digital assets) like they are legal. But regulate it like they…
As the artificial intelligence (AI) theme dominates global headlines and US tech giants invest billions of dollars in the sector, many Indian investors are gripped by a familiar anxiety: Are we missing the AI bus? The AI boom this year has benefited global markets from the US, China, to Hong Kong. Indian investors have suffered…
