International Financial Service Centre definition

International Financial Service Centre. (IFSC) means an International Financial Services Center which has been approved by the Central Government under Section 18(1) of the Special Economic Zones Act, 2005.
Sample 1

Examples of International Financial Service Centre in a sentence

  • Business related transactions outside International Financial Service Centre (IFSC) by IFSC units at GIFT city like administrative expenses in INR outside IFSC, INR amount from sale of scrap, government incentives in INR, etc.

  • GIFT City is India’s 1st operational Smart City and International Financial Service Centre (IFSC), with world class infrastructure for offshore and international transactions in banking, insurance and capital markets.It is a vertical city with integrated development on 886 acres of land with 62 Mn sq.

  • SEBI/HO/MRD/DSA/ CIR / P/2016/125 dated November 28, 2016 has issued norms for set up of a fund and minimum corpus of such fund to guarantee the settlement of trades executed in the stock exchanges in International Financial Service Centre (IFSC).

  • Similarly, exemption is provided for distributed profits of a unit of an International Financial Service Centre, on fulfilment of certain conditions, under sub-section (8) of section 115-O.Similarly under section 115R, specified companies and Mutual Funds are liable to pay additional income-tax at the specified rate on any amount of income distributed by them to its unit holders.

  • Such gain is charged to tax at15% (plus surcharge and cess as applicable).With effect from Assessment Year 2017-18, benefit of concessional tax rate of 15% shall be available even where STT is not paid, provided that- transaction is undertaken on a recognised stock exchange located in any International Financial Service Centre, and- consideration is paid or payable in foreign currencyIllustrationMr. Janak is a salaried employee.

  • Documents: The prospectus, supplement, memorandum and articles of association, the latest annual reports and half- yearly reports and accounts are available in English and free of charge from the company secretary KB Associates, 5 George's Dock International Financial Service Centre, Dublin 1, Ireland, D01 X8N7.

  • It would not be the last time that Jackie Robinson would make history.

  • The Bank’s overseas operations are spread over eleven overseas offices with branches in Singapore, Hong Kong, Dubai (DIFC), Colombo and Shanghai; an offshore banking unit at International Financial Service Centre (IFSC), Gujarat International Finance Tec-City (GIFT City), Gandhinagar; representative offices located in Dubai, Abu Dhabi, Sharjah & Dhaka, and an overseas subsidiary in London, UK.

  • In the landmark case involving the application of the UK CFC rules by the UK Revenue Authorities with respect to income earned by an Irish International Financial Service Centre, a subsidiary of the UK-based Cadbury Schweppes group, the ECJ held in it decision of 12 September 2006 (C-196/04) that national legislation, such as the U.K.'s controlled foreign company (CFC) rules, are in general terms consistent with the EC Treaty, as they pursue the legitimate objective of counteracting tax avoidance.

  • The Bank has overseas branches at Singapore, Hong Kong, DIFC - Dubai, Shanghai and Colombo and an Offshore Banking Unit at International Financial Service Centre (IFSC), Gujarat International Finance Tec-City (GIFT City), Gandhinagar, India.

Related to International Financial Service Centre

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • international voyage means a voyage from a country to which the present Convention applies to a port outside such country, or conversely.

  • Financial Services means those activities described in Annex VI. The Stabilisation and Association Council may extend or modify the scope of that Annex.

  • International airport means an airport:

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • international flight means all flights other than Domestic Flights.

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • international air transport means air transport that passes through the airspace over the territory of more than one State;

  • international carriage means any carriage in which, according to the contract of carriage, the place of departure and the place of destination are situated in two different States, or in a single State if, according to the contract of carriage or the scheduled itinerary, there is an intermediate port of call in another State;

  • Bangladesh Bank means the bank established under Article 3 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) for the purpose of carrying on the business of the central banking and also includes its successors;

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Special Services means all forms of services pertaining

  • International means a telecommunications service that originates or terminates in the United States and terminates or originates outside the United States, respectively. United States includes the District of Columbia or a U.S. territory or possession.

  • one-way street means a street upon which vehicular traffic is limited to movement in one direction.

  • Data Services The Customer will receive a discount equal to 25% for the following Data Services: Access: Standard VBS2 Guide local loop charges for DS-1 Access and DS-3 Access Service.

  • Additional Financial Centre(s means the city or cities specified as such in the relevant Final Terms;

  • international application means an application filed under this Treaty;

  • Day Care Centre means any institution established for day care treatment of illness and/or injuries or a medical setup with a hospital and which has been registered with the local authorities, wherever applicable, and is under supervision of a registered and qualified medical practitioner and must comply with all minimum criterion as under -

  • International Student means a student holding a student visa for the purpose of obtaining an education in Australia and includes a student on a study abroad or international exchange program;

  • international waters means waters falling outside the sovereignty or jurisdiction of any State;

  • International Borrower In connection with any Mortgage Loan, a borrower who is (a) a United States citizen employed in a foreign country, (b) a non-permanent resident alien employed in the United States or (c) a citizen of a country other than the United States with income derived from sources outside the United States.

  • Industrial Services means service to customers engaged primarily in a process which creates or changes raw or unfinished materials into another form or product including the generation of electric power.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Maritime agency services means activities consisting in representing, within a given geographic area, as an agent the business interests of one or more shipping lines or shipping companies, for the following purposes: