Units set up in IFSC to undertake aircraft leasing activity don’t need a separate office
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- By Chetan Kulasri
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- Last Updated on 28 February, 2023
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Notification No. G.S.R. 125(E), Dated 23.02.2023
Ministry of Commerce and Industry has notified amendment in Special Economic Zones (Amendments) Rules, 2023. A new rule 21B has been inserted to the Special Economic Zone Rules, 2006. As per the new norms, a unit in an International Financial Services Centre (IFSC), authorised to undertake aircraft leasing activity is not required to maintain a separate office.
It may utilise office space or manpower or both, of another unit set up in IFSC authorised to undertake aircraft leasing activity.
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