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CS Professional · IFSCA - Regulations, Listing and Compliances · Banking Services and Finance Companies in IFSC

Meera Leasing Ltd, an IFSC unit, wants to lease aircraft to an overseas airline. Which statement is correct?

A Finance Company in the IFSC can carry on aircraft and ship leasing, which are permitted activities under the IFSCA Finance Company regulations. Leasing is not restricted to banks or to Indian lessees, and the activity is expressly promoted in GIFT IFSC.

  1. AAircraft leasing is not permitted in IFSC
  2. BOnly banks can do leasing in IFSC
  3. CLeasing is allowed only to Indian residents
  4. DA Finance Company in the IFSC can undertake ship or aircraft leasing as a permitted activity under IFSCA regulationsCorrect

Explanation

IFSCA's Finance Company framework permits core activities including ship and aircraft leasing, which is a major GIFT IFSC focus. Leasing is not limited to banks or Indian residents, and it is expressly permitted rather than prohibited.

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