Question

In the IFSCA circular July 2025 relating to changes by a Finance Company/Finance Unit (FC/F

  • U in an IFSC, which of the following is correctly described?
A Any change to a key management person (KMP) of an FC/FU may be handled purely by post‐facto intimation to IFSCA.
B The guidance note sets out which kinds of changes require prior approval and which only require intimation.
C The circular exempts FCs/FUs in IFSCs from obtaining any approval or intimation for changes up to USD 10 million in capital.
D The document reforms the net-worth requirement for FC/FUs in IFSCs to USD 1 million.
E The circular grants an automatic ‘blanket’ approval for all changes requested before 30 September 2025.
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