Question

According to the IFSCA Circular on Off-Shoring the On-Shore (May 2024), under what condition is a finance company with a Certificate of Registration (Co

  • R prohibited from engaging in ship or vessel leasing transactions?
A When the ship or vessel is leased to a person residing outside India
B When the ship or vessel is transferred to a person residing in India
C When the ship or vessel is transferred to a non-resident Indian (NRI)
D When the ship or vessel is used for international trade
E When the ship or vessel is registered under a foreign flag
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