RNM Alert - January 2025
RNM Updates:
During the month of January 2024 our Gift City based Fund Management Entity received the formal certificate of registration from the International Financial Services Centre Authority, Regulator as a Registered FME (Non-Retail) under the IFSCA (Fund Management) Regulations, 2022. This is a significant milestone for which we thank all stakeholders concerned including the Regulator, Gift Co, SEZ Authority, AD Bank, Custodians and our team.
Direct Tax Updates:
1. Clarification Regarding Orders under Section 201 Of The Income-Tax Act, 1961 Under E-Appeal Scheme, 2023
2. NOTIFICATION G.S.R. 67(E) [NO. 9/2025/F.NO.370142/18/2024-TPL], DATED 21-1-2025
3. ORDER SO. 348(E) [NO. 8/2025/ F. NO. 370153/01/2025-TPL], DATED 20-1-2025
4. SLP dismissed; notice issued after approval of resolution plan was invalid
Indirect Tax Updates:
1. GST-Circular No. 245/02/2025-28 January 2025
2. Gujarat HC Rules That GST Is Not Applicable on Assignment of Leasehold Rights
Corporate Finance Updates:
1. Blackstone Inks MOUs To Invest $11 Bn In Maharashtra Over 3-5 Years
2. Botanic Healthcare Raises Maiden PE Funding From Stakebot, Abakkus
3. Zoplar raises $3.4 Mn In Series-A Funding
4. ChrysCapital-Backed Intas Pharma Strikes Another Overseas Acquisition
Transaction & Regulatory Updates:
1. SEBI Investor website and Saarthi App offer free tools and resources for Investor Awareness and Education
2. Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Third Amendment) Regulations, 2025
GIFT City Update
1. IFSCA issues a consultation Paper on SPV Framework under IFSCA (Fund Management) Regulations, 2022
2. Union Budget 2025-26 Introduces Key Reforms to Enhance Investments in GIFT IFSC
UK Tax Update
Economic Insights
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