IFSCA Clarifies Fee Framework Supersession Date

  • Blog|News|FEMA & Banking|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 17 March, 2026

Latest from Taxmann

Circular No. IFSCA-DTFA/2/2026, Dated: 13.03.2026

The International Financial Services Centres Authority (IFSCA) has issued a corrigendum to its earlier circular dated 2 March 2026, which prescribed the fee structure for entities undertaking or proposing to undertake permissible activities in IFSC.

1. Key Clarification in Clause 15.1

The corrigendum introduces a specific clarification in clause 15.1, which deals with the supersession of earlier circulars.

  • The phrase “date of issuance” has been replaced with “date of commencement”.

2. Implication of the Change

This amendment clarifies that the supersession of earlier circulars will now be effective from the date of commencement of the revised circular, rather than the date on which it was issued.

The change ensures greater clarity in determining the effective timeline for applicability of the revised fee framework.

3. Objective of the Corrigendum

The corrigendum aims to:

  • Remove ambiguity regarding the effective date of supersession
  • Ensure correct interpretation and implementation of the fee structure circular
  • Provide regulatory clarity to entities operating or intending to operate in IFSC

This clarification helps stakeholders accurately determine the transition from earlier fee frameworks to the revised structure.

Click Here To Read The Full Circular

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied