IFSCA Removes Net Worth Requirement for Customers on India International Bullion Exchange
- Blog|News|FEMA & Banking|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 1 May, 2025
Latest from Taxmann
Circular No. IFSCA-DMC/3/2023-Dept. of Metals and Commodities, Dated: 29.04.2025
The IFSCA has amended its ‘Operating Guidelines on Bullion Exchange, Bullion Clearing Corporation, Bullion Depository and Vault Manager’ to dispense with the net worth requirement for all classes of ‘Customers’ participating on the India International Bullion Exchange (IIBX). However, the net worth criteria for Qualified Suppliers and Qualified Jewellers, as prescribed in earlier circulars dated 18th August 2022 and 11th December 2023, remain unchanged.
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
