Fee structure for Finance Company/Unit

CIRCULAR

F. No. 172/IFSCA/Finance Company/Unit Regulations/2021-22/1 April 26, 2021

To, All Finance Company / Finance Unit in the International Financial Services Centre (IFSC)

Dear Sir/Madam,

Sub: Fee structure for Finance Company/Unit

1. In exercise of the powers conferred by Section 12 of the International Financial Services Centres Authority Act, 2019, the fee structure for Finance Company/ Units is as follows:

a) Application fee: $1000 for new entities (one time)

b) Registration fee: $12,500 for new entities (one time)

c) Annual fee: $12,500 for all registered Finance Company/Finance Unit (second year onwards) Account Details for Payment of Fees: 2. The fees shall be credited to the following account of IFSCA: Account Name: IFSCA FUND 2 Account Number: 39907189884
IFSC Code: SBIN0060228 SWIFT Code: SBININBB255

Bank and branch details:
3. State Bank of India, GIFT CITY, Gandhinagar Branch, Gandhinagar, Gujarat – 382355 Yours faithfully

(R. Kumar)
Head, Banking Division rag.kumar@ifsca.gov.in