ICAI Invites Suggestions On Consultation Paper on Draft IFSCA Regulations 2024



Quick Summary
The Institute of Chartered Accountants of India (ICAI) is inviting public suggestions on the draft International Financial Services Centres Authority (IFSCA) Regulations 2024. These regulations cover book-keeping, accounting, taxation, and financial crime compliance services. The ICAI's expert committee has been instrumental in developing this framework, aiming to establish GIFT IFSC as a global hub for finance and accounting. The consultation paper seeks to gather views to ensure the final regulations uphold high professional standards.

Development of International Trade, Services WTO Directorate The Institute of Chartered Accountants of India 30th March, 2024 India to be Accounting and Finance Hub: Invitation for Comments/Suggestions: Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime C
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FAQ :

The consultation paper aims to gather feedback, comments, views, and suggestions from the public on the proposed International Financial Services Centres Authority (IFSCA) Regulations for Book-keeping, Accounting, Taxation, and Financial Crime Compliance Services in 2024.

The Institute of Chartered Accountants of India (ICAI) is inviting suggestions.

The draft regulations cover book-keeping services, accounting services, taxation services, and financial crime compliance services.

The deadline for submitting comments and suggestions is 10th April 2024.

Suggestions can be submitted via a provided link or by mail to cditswto@icai.in, following a specified format.

The regulations are intended to establish GIFT IFSC as a 'Global Finance and Accounting Hub' and outline the framework for providing these specific financial services within the IFSC.




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