Alerts & Updates 13th Apr 2026

IFSCA Signals Stricter Enforcement for Violation of SEZ Rules

Authors

Vinod JosephPartner | Mumbai
Akhil Ganatra
Akhil GanatraAssociate | GIFT City
Saloni Khaitan
Saloni KhaitanAssociate | GIFT City
Zaynali Badami
Zaynali BadamiAssociate | GIFT City

Latest Thought Leadership

Alerts & Updates 17th Apr 2026

IFSCA Relaxes KMP Appointment Framework for FMEs

Read More
Investment Funds
Alerts & Updates 16th Apr 2026

SEBI’s Informal Guidance on Broad Based Fund Requirements for AMCs Managing AIFs

Read More
Alerts & Updates 15th Apr 2026

BIS Update: Extension to compulsory use of Standard Mark for household, commercial, and similar electrical appliances

Read More
Alerts & Updates 13th Apr 2026

IFSCA Mandates ICSI Certification for Fund Management Personnel in IFSC

Read More

IFSCA has, through its recent notice dated March 27, 2026, highlighted recurring defaults by units in the IFSC-SEZ, indicating a clear shift towards stricter enforcement of the SEZ Rules. With higher penalties set to apply from FY 2026–27 and a deadline of April 15, 2026, to regularise existing gaps, IFSC entities should take immediate steps to review and address any non-compliances under the Special Economic Zones Rules, 2006.

In this Update, we have reviewed and analysed the common recurring non-compliances highlighted by IFSCA in its notice.

Read the complete update here.

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.