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