RBI vide its circular dated July 10, 2024 has enhanced the scope and purposes for which remittances can be used in GIFT City through the LRS (liberalized remittance scheme) route.
Please see below a succinct summary of the key changes introduced pursuant to the circular and the benefits that can be availed by resident Indian individuals operating in the GIFT City.
Happy reading!
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901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B.B.A LL.B. (Hons.) School of Law,
University of Petroleum and Energy Studies, Dehradun
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B.L.S LL.B. Government Law
College, University of Mumbai
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B.A., LL.B. (Hons.), Maharashtra
National Law University Mumbai
The Bar Council of Maharashtra
and Goa
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
LL.B., Department of Laws, Panjab
University, Chandigarh
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
LL.M (Corporate and Financial Laws) – Jindal Global Law School
BLS/LL.B – Pravin Gandhi College
of Law
The Bar Council of Maharashtra
and Goa
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B.A LL.B. (Hons.), National Law
School of India University, Bengaluru.
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B. Com (Financial Markets) and
LL.B. (Hons.)
The Bar Council of Maharashtra & Goa
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B.A LL.B. (Hons.) Symbiosis Law School, Pune, Maharashtra.
The Bar Council of Maharashtra
and Goa
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: : [email protected]
B.A LL.B., Kishinchand Chellaram Law College, Mumbai
Company Secretary, Institute of Company Secretary of India
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: :[email protected]
BA LLB from the West Bengal
National University of Juridical Sciences (WBNUJS)
901 / 9th Floor, Nariman Bhavan,227, Backbay Reclamation,Nariman Point, Mumbai 400021.
Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: :[email protected]
B.B.A LL.B., D. Y. Patil
The Bar Council of Maharashtra
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
B.LS LL.B. from Government Law College, Mumbai
The Bar Council of Maharashtra & Goa
Rishab is experienced in arbitration, dispute resolution and matters pertaining to the Insolvency and Bankruptcy Code, 2016.
He has also represented clients in matters before the High Court of Bombay, National Law Company Tribunal, City Civil Court, and other Courts/Tribunals.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
Yash is an associate in the M&A team and
brings extensive expertise in playing a key role in assisting the various end-to-end transactions which include carrying out the legal due diligence exercises, drafting various transactional documents, assessing legal risks, and dispensing strategic advice to clients hailing from diverse sectors such as aviation, cybersecurity, information technology, logistics, healthcare, media, etc.
▪ Additionally, Yash has reviewed, drafted and negotiated diverse commercial agreements, overseeing the complete lifecycle of commercial contracts to facilitate the smooth functioning of client businesses.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
Smrithi is an Associate with the general corporate practice at Pioneer Legal.
She advises and assists companies on various aspects of corporate law. She regularly assists in due diligence exercises and also in the drafting of various transaction documents like share purchase agreements, shareholders’ agreements, and investment agreements.
She has assisted clients in fundraise rounds, acquisitions, and in availing loan facilities.
She is also experienced in reviewing commercial contracts for companies
in the technology, media, and telecommunications sector. She has regularly researched for and drafted commercial agreements, advocacy material for courts and tribunals, and other legal documents for high-value matters.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation,
Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
At Khimani & Associates, she worked as an associate in the Corporate & Commercial and Media and Entertainment practices of the firm, where her role included advising and assisting various entities in the field of corporate and commercial laws. She also advised and represented various acting talent in their brand endorsement cum investment deals.
In her stint at Veritas Legal, she worked in the M&A practice area of the firm, where she advised various listed and unlisted companies in the areas of corporate laws and commercial laws as well as advised private equity funds in relation to their investments.
At DSK Legal, she advised and assisted various listed and unlisted companies in conducting due diligence exercise to highlight key legal and commercial issues; drafted and negotiated relevant transaction documentations and advised on corporate and regulatory approvals and foreign regulations compliances.
Jinal is a Senior Associate in the M&A and General Corporate practices at Pioneer Legal. Her role includes conducting due diligence on target entities to highlight key legal and commercial issues and advising clients on such identified risks and drafting, negotiating various transaction documents.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
Vijay is an associate in the Corporate & Commercial and M&A practices in Pioneer Legal and has experience in advising and assisting various listed and unlisted entities, and private equity and venture capital funds in the field of corporate and commercial laws, securities laws and other related laws; and his experience spans across various sectors such as
manufacturing, healthcare, pharmaceutical, healthcare, e-commerce and logistics.
At Pioneer Legal, Vijay advises and assists various listed and unlisted companies in relation to: (i) conducting due diligence exercise to highlight key legal and commercial issues; (ii) drafting and negotiating relevant transaction documentations; and (iv) corporate and regulatory approvals and foreign regulations compliances.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
Shweta is an associate trainee in the Mergers & Acquisitions and Corporate practices in the firm. She has experience on advising the clients in private equity, M&A Transactions and general corporate matters. Conducting due diligence on target entities and advising clients on such identified risks.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
E-mail: [email protected]
Anant has extensive experience in civil Litigation and Arbitration. He regularly advises and represents clients in matters before the High Court at Bombay, National Law Company Tribunal, City Civil Court and other Courts/Tribunals/forumsa across Mumbai.
He is actively involved in strategizing and handling arbitration matters, insolvency proceedings and other matters involving complex commercial and/or civil disputes.
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0040
Email: [email protected]
901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
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901/9th Floor, Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai 400021
Tel: +91 22 6862 0000
Fax: +91 22 6862 0001
Email: [email protected]
