Question

In the IFSCA circular July 2025 relating to changes by

Q: Answer-In the IFSCA circular July 2025 relating to changes by a Finance Company/Finance Unit (FC/FU) in an...

The circular provides a Guidance Note outlining the process to be followed by FCsFUs for such requests and the documents to be submitted in each case.

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

Solution