CS Professional · IFSCA - Regulations, Listing and Compliances · Banking Services and Finance Companies in IFSC
Meera Aircraft Leasing IFSC Pvt Ltd is a Finance Company engaged in aircraft lease financing. Which of the following is a permitted category of its business?
Providing aircraft operating lease to airline customers is permitted, because lease financing of aircraft and ships is a core specified activity of IFSC Finance Companies. Deposit taking, exchange operation and insurance issuance belong to other separately regulated entities.
- AAccepting demand deposits from the public
- BProviding aircraft operating lease to airline customersCorrect
- CRunning a stock exchange
- DIssuing life insurance policies
Explanation
Lease financing, including aircraft and ship leasing, is a core specified activity of IFSC Finance Companies. Accepting public demand deposits is a banking function, running an exchange needs separate recognition, and insurance is a different regulated business.
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