Partner – Harish Kumar; Partner Designate – Itee Singhal and Associate – Nupur Gupta have put together a write-up which summarizes the recommendations made by the IFSCA Committee; titled – ‘Redomicile the start-ups to IFSC’ (attached)
The committee was set up to look into the worrying trend of Indian start-ups ‘externalizing’ or ‘flipping’ to overseas jurisdiction and suggest measures to reverse the situation via making IFSC as the first destination of choice for such Indian start-ups to set up their domicile / holding company.