THE ROLE OF GIFT CITY IN INDIA’S CROSS-BORDER CORPORATE RESTRUCTURING by Himansi G. N
Author: Himansi G. N, Student of B.B.A. LL. B, St. Joseph’s College of Law, Bengaluru INTRODUCTION GIFT City was founded because of India’s desire to recover financial services that were previously provided in offshore jurisdictions such as Singapore and Dubai. A major strategic initiative, GIFT City is India’s first International Financial Services Centre (IFSC) with the goal of creating a global financial hub. Section 18(1) of the SEZ Act, 2005,…