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CS Professional · IFSCA - Regulations, Listing and Compliances · Book-keeping, Accounting, Taxation and Financial Crime Compliance Services and TAS

Which of the following services is a recognised ancillary service category that an authorised provider in GIFT IFSC may offer under the IFSCA ancillary services framework?

Taxation services are a recognised ancillary service. The framework covers professional support functions like accounting, book-keeping, taxation and financial crime compliance. Deposit-taking, insurance underwriting and exchange operation are core regulated financial activities requiring their own licences, not ancillary service authorisation.

  1. AAccepting public deposits
  2. BIssuing life insurance policies
  3. CTaxation services to IFSC entities and their clientsCorrect
  4. DOperating a stock exchange

Explanation

The ancillary services framework covers professional support services such as book-keeping, accounting, taxation and financial crime compliance. Accepting deposits, issuing insurance and running exchanges are separately regulated core financial activities needing distinct licences.

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