IFSCA Clarifies Fee Structure for FMEs in IFSC, Including a Fee of USD 500 for Modifications to the Scheme Documents
- News|Blog|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 26 April, 2025
Latest from Taxmann
Circular No. IFSCA-DTFA/2/2025; Dated: 23.04.2025
IFSCA has clarified the fee structure for entities undertaking or intending to undertake permissible activities in the IFSC or seeking guidance under the Informal Guidance Scheme. Accordingly, IFSCA has clarified that in the case of a scheme launched by a Fund Management Entity (FME), any modifications to the scheme documents must be accompanied by a fee of USD 500. Further, late fees for failure to submit periodic returns must be applied per-activity basis for every RE.
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.
CA | CS | CMA
