The NSE IFSC-SGX Connect was launched by the Hon'ble Prime Minister of India, Shri Narender Modi, at the Gujarat International Finance Tec-City, Gujarat ("GIFT City"), India's maiden International Financial Services Centre ("IFSC").
With this launch, the NSE and Singapore Exchange (SGX) are set to bring SGX Nifty trading to the GIFT City, pursuant to which, all SGX Nifty futures contracts, which were till now traded in Singapore, will be traded at the NSE IFSC- SGX Connect.
Luthra and Luthra Law Offices India has been involved extensively in advising SGX on various applicable laws/regulations concerning the IFSC entity, including setting up of their IFSC entity and structuring their business operations in the GIFT City. Besides this, the Firm has also advised and assisted SGX in obtaining various tax and regulatory approvals, licenses and registrations, as required from the IFSC authority, SEZ authority, GST authority, DGFT, and NSE IFSC, including the execution of contracts to commence their operations.
The transaction team was led by Founder & Managing Partner Mr. Rajiv K Luthra along with Partners – Mr. Harish Kumar, Mr. Vivek K Agarwal, Mr. Jay Parikh, and Mr. Ajinkya Gunjan Mishra. They were ably assisted by Senior Associates – Mr. Aman Nijhawan, Ms. Ayushi Toshniwal, Mr. Amar Kumar Sinha, and Associates – Mr. Kundan Rathore, Ms. Avani Tewari, Mr. Utkarsh Roy, Ms. Tarusha Airan.