Ifsc rules 2025 pdf 3/2025 under sub-section (1F) of Section 197A of the Income-tax Act, 1961, exempting tax deduction under Section 194Q for goods purchased from International Financial Services Centre (IFSC) Units. Article 6. 7. Jan 6, 2025 · Ministry of Finance has issued Notification No. Such constitution and governing rules must not be in conflict with these Statutes or the IFSC Rules and Regulations. The link for the aforesaid notification is as follows: • Extension of sunset dates from March 31, 2025 to March 31, 2030, , for commencement of operations of following IFSC units for availing following exemptions/ deductions: - income earned by investment division of offshore banking units - royalty, interest income earned by non-residents on lease of aircraft, ship to IFSC units; and DRAFT RULES 1. On February 12th, 2010, the IOC gave definitive recognition to the IFSC, officially welcoming Sport Climbing as part of the Olympic Family. They act as technical summaries to keep you on top of the latest tax issues. In 1991, the Union Internationale des Associations d'Alpinisme (UIAA) organized the competition climbing championships. 3 The procedures for reviewing and appealing decisions of the IFSC under this code are set out within the IFSC Disciplinary Rules. Sub: Addendum to OC-184 Modification in UPI chargeback rules and procedures Reference may be taken from UPI operating circular vide NPCI/UPI/OC No. Youth Series Age Categories USA Climbing is aligning to the IFSC changes for Youth Series Age Categories. Sport and Technical Commissions are formed by the IFSC Executive Board following the IFSC General Elections. 3 Dated January 2, 2025] Ministry of Finance has issued Notification No. Please be informed, basis the member banks feedback we are exempting capping of 10 chargebacks (IFSC + Account Number) and 5 chargebacks (Payer VPA to Payee VPA) for 8. (a) Speed (IFSC CR-WC / Annex B). IFSC CLIMBING WORLD CUP PRAGUE 2025: WHAT THE ATHLETES SAID 06 June 2025. However, the number of rounds, climbing time and quota shall be adjusted according to the number of participants enrolled when necessary. 6. pdf India’s Union Budget (the “Budget”) was announced on February 1, 2025, and the Finance Bill, 2025 (the “Finance Bill”) was tabled in Parliament. All the necessary information are included in the following document. CEO Discretion Feb 13, 2025 · On Jan 31, 2025, USA Climbing communicated to all NTT eligible athletes the intent to adopt some 2025 IFSC rules changes for USA Climbing's 2025 National Team Trials (NTT). To be returned completed and signed by and no later than Tuesday 11 February 2025, 23:59 UTC+1 to office@ifsc-climbing. I acknowledge and agree that any dispute arising out of a decision made pursuant to the IFSC Anti-Doping Rules, after exhaustion of the process expressly provided for in the IFSC Anti-Doping Rules, may be appealed exclusively as Sep 27, 2024 · such, there likely will be IFSC Rulebook changes at the start of 2025 which will influence the USA Climbing 2025-2026 Rulebook. Short title and commencement. 2) IFSCA (KYC Registration Agency) Regulations, 2025 To register and regulate the KRAs in IFSC, the Authority has approved the IFSCA (KYC Registration Agency) Regulations, 2025 its 23rd meeting held on March 26, 2025. Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC or seeking guidance under the Informal Guidance Scheme: 08/04/2025: Revision to the requirement of meetings of the governing body of the IBUs in IFSC - Amendment to Governance Directions Module of GEN Directions - V 5. Among other things, a point system will replace the top and zone system. The IFSC Oceania Board is composed of the following members: a. However, it has been Feb 3, 2025 · 2025 IFSC REDs Health Screening Rules – Guidance for National Federations APPENDIX I – Role of the Independent REDs Advisor The IFSC appoints an Independent REDs Advisor for the IFSC sanctioned events. 882(E) dated November 28 Apr 7, 2025 · The IFSCA (Fund Management) Regulations, 2025 bring key changes to support fund managers in GIFT-IFSC, including reduced corpus sizes, relaxed eligibility norms, and enhanced investor participation—positioning GIFT-IFSC as a global financial hub. 1. S. org. 3. These new rules include alterations to the number of semi-final and final spots, modifications to running orders, and a new scoring system. 25 MB) : 2 Fifth Amendment in Rule 43A of SEZ Rules, 2006 become aware of any information that might indicate that this disclosure is inaccurate, I shall notify the IFSC Executive Board immediately. As per Art. 06. Much of the 2025 NTT will continue to utilize the current 2024-2025 USA Climbing rules as well as other USA Climbing policies and rules. 2025 06-Jun-2025 Download (Format: PDF, Language: English , Size: 1. 1 In keeping with the ethos for the sport, competitions held under these rules must take place on artificial climbing structures and not on natural rock formations or boulders. (1) These regulations shall be called the International Financial Services Centres Authority (Fund Management) Regulations, 2025. It is far from perfect, but should be a lot better than the PDF. The Finance Bill, 2025 amends the definition of "capital asset" in section 2(14) to The IFSC Climbing World Cup is a series of competition climbing events held during the year at various locations around the world, organized by the International Federation of Sport Climbing (IFSC). • Rationalisation of TDS and TCS provisions: - TCS on sale of goods (including securities) at 0. 6 days ago · S. Jan 3, 2025 · The Ministry of Finance has introduced a new tax rule, effective January 1, 2025, allowing buyers to avoid tax deduction on purchases made from sellers operating within the International Financial Services Centres (IFSC). The document was a PDF that was in accessible to screen readers so I converted it to HTML. B) is in default of any statute or any regulation governing financial obligations to the IFSC, or any decision, or required action, under the IFSC Disciplinary Rules. The regulations governing the sport, including those implementing these rules, may be amended more frequently as defined within the IFSC Anti-Doping Rules) and in addition: a) any International Licence Holder competing in the Open Sport Class and ranked 15 th or better in the World Ranking (for each relevant Category); and Official website of the International Federation of Sport Climbing. (2) Rules 3 to 15, rule 21 and rule 22 shall come into force with effect from _____. The assets held by the FME shall be consistently valued according to the policies and procedures. (2) These regulations shall come into force on and from the date of their publication in the Official Gazette. at/PTpNk). The first IFSC Paraclimbing Cup Series was organised, with events in Ekaterinburg, (RUS), Val Daone (ITA) and Chiba (JPN). Executive summary – 2025 World Cups quotas 6 August 2025 (23:59h) Late Athlete Replacement (LAR) Procedures deadline 7-17 August 2025 The World Games 2025 (Chengdu, China) Until Technical Meeting Any late reallocation and replacement in consultation with IFSC and IWGA [TBC] 14-15-16 August 2025 Sport Climbing events at The World Games 2025 2. 5. 13 of the IFSC Statute, the newly elected Executive Board received the proposal of the Sport Department and form the Sport and Technical Commissions for the next 4-year term, 2021-2025. This notification, officially titled the Income-tax (Second Amendment) Rules, 2025, introduces critical amendments to the Income-tax Rules, 1962. Key changes to the rules include more semi-final and finalists competing and an easier to follow numerical scoring system. ” 3. At each event, the athletes compete in three disciplines: lead, bouldering, and speed. Mar 30, 2025 · The international federation of sport climbing released its 2025 paraclimbing regulations. As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world class regulatory environment. The updated regulations focus on improving ease of doing business, reducing compliance costs, and enhancing regulatory clarity. 0 (IFSCA Banking Handbook) Union Budget 2025 February 2025. 6/2025, detailing exemptions for International Financial Services Centre (IFSC) units from being treated as buyers under Section 206C(1H) of the Income-tax Act, 1961. Jan 29, 2025 · In a significant move to streamline tax administration and align with global financial regulations, the Central Board of Direct Taxes (CBDT) issued Notification No. Purpose This document identifies competitions during the 2025 season counting toward the IFSC World Rankings and sets out season-specific and competition-specific factors used for the calculation of World Ranking points. (3) These rules, except rules 3 to 15 and rules 21 and 22, shall come into force on the date The IFSC World Cups regulations shall be used for the IFSC European Youth Cups. See USA Climbing communications on this topic for details. 2025. 21/2025 dated 25 March 2025 EY Tax Alert India Tax Administration amends the transfer pricing safe harbour rules EY Alerts cover significant tax news, developments and changes in legislation that affect Indian businesses. These Classification Rules apply to all Athletes and Athlete Support Personnel who hold a license with the IFSC, and/or participate in any Events or Competitions organised, authorised or recognised by the IFSC. It is now proposed that such deemed dividend rules do not apply to entities set up as a corporate treasury center under the IFSC (subject to certain conditions), thereby simplifying inter-company lending/borrowing with the IFSC unit. For more ormation, pleasecontact 8. 1 Notification No. 2025 IFSC season 1. G. Direct tax proposals • Securities held by Category I and II AIFs included in the definition of capital asset. The IFSC Disciplinary Rules establish a comprehensive framework to maintain the integrity, fairness, and professionalism of Sport Climbing competitions governed by the International Federation of Sport Climbing (IFSC). No Title Date Document; 1 SEZ Rules, 2006 - Amendment to Rule dt 03. While the press release provides a summary and an overview, for complete text of the notified FM Regulations 2025, the market participants and public should refer to the notified regulations which is available on the IFSCA website (Link: https://shorturl. The IFSC World Cups regulations shall be used for the IFSC European Cups. (b) Boulder (IFSC CR-WC (2) The IFSC Rules 2025 will be applied in this competition. The event is scheduled to take place on September 20-25, 2025. Feb 20, 2025 · International Financial Services Centres Authority (IFSCA) has notified the Fund Management Regulations, 2025, replacing the 2020 version. About IFSCA International Financial Services Centres Authority. FAQ. Additionally, the 2025 IFSC World Championships quotas will be reviewed. 3 In order to be eligible for membership of the IFSC, the constitution and governing rules of a National Federation shall be compliant with the principles, values, and objectives of the IFSC. 1. Sep 27, 2024 · Climbing 2025-2026 Rulebook. (b) Speed (IFSC CR-WC / Annex B). IFSC WORLD RANKINGS 2025 Counting Competitions and calculation factors 1. 4. The most anticipated event of 2025 will see the best para climbers in the world travel to Seoul, South Korea, for the first-ever Para Climbing World Championships taking place outside of Europe. The Companies (Accounts) Amendment Rules, 2025 MCA, vide Notification No. IFSCA (Market Infrastructure Institutions) Regulations, 2021, as amended up to November 01, 2024. Prague 2025. The IFSC Medical Delegate is onsite throughout the competition, Jan 28, 2025 · On January 27, 2025, the Ministry of Finance, through the Central Board of Direct Taxes (CBDT), issued the Income Tax (Second Amendment) Rules, 2025, aiming to introduce new tax incentives for entities operating within International Financial Services Centres (IFSCs). INDIA JURIS International Law Firm Ensures transparency and consistency in asset valuation for the Funds, aligning with global best practices. The current document only outlines the amendments of IFSC World Cups regulations for IFSC European Cups. The IFSC appoints one IFSC Medical Delegate for the competition. There may also be IFSC 2025 Rulebook changes that USA Climbing decides to apply to the 2024-2025, possibly in only in the Elite Series. The current document only outlines the amendments of IFSC World Cups regulations for IFSC European Youth Cups. These Classification Rules must be read and applied in conjunction with IFSC Rules and all other applicable rules of the IFSC. 184 dated 5th Dec 2023. Feb 10, 2025 · 1. > In connection with Anti-Doping (as per the IFSC Anti-Doping Rules): 2025 IFSC Disciplinary Rules 4 PART 1 – INTRODUCTION 1. This change simplifies the tax deduction process, provided buyers follow Feb 3, 2025 · Deemed dividend rules trigger taxation on inter-group advances among corporate groups. February 19, 2025 Gandhinagar 1. INTRODUCTION Relative Energy Deficiency in Sport (REDs) describes a syndrome of poor health and declining athletic performance than can occur Mar 13, 2025 · Starting in 2025, new rules will apply to the IFSC Bouldering and Lead World Cups. The International Council for Competition Climbing (ICC) was created in 1997 as an internal body of the UIAA to take charge of competition climbing. 6 August 2025 (23:59h) Late Athlete Replacement (LAR) Procedures deadline 7-17 August 2025 The World Games 2025 (Chengdu, China) Until Technical Meeting Any late reallocation and replacement in consultation with IFSC and IWGA [TBC] 14-15-16 August 2025 Sport Climbing events at The World Games 2025 Candidates. The number of events varies from year to year, and the Apr 11, 2025 · (a) Distribution of capital market products and/or services to any client in IFSC or Foreign Jurisdiction: The capital market products and/or services offered by any regulated financial entity set up in India, IFSC, jurisdictions which are identified in the notification published in the Gazette of India vide no. There are, however, significant Mar 6, 2025 · The International Federation of Sport Climbing (IFSC) just announced several important rule changes coming to the 2025 World Cup series for both Boulder and Lead disciplines. Each EYC should include competitions in the following disciplines: (a) Lead (IFSC CR-WC / Annex A). R. 1% of consideration to be removed from 1 April 2025 – TDS on purchase of goods IFSC Units’ Goods Purchases [Notification No. Investors (FPIs) operating in an IFSC. to enforce, manage results, and impose sanctions in accordance with the IFSC Anti-Doping Rules. 7: Amendment of Definition of ‘Capital Asset’ – Section 2(14) Q. 2. 1 What are the changes made by the Finance Bill 2025 to the definition of capital asset? Ans. Feb 4, 2025 · Download . These Regulations, inter-alia, provide for the following: i. Reg 119 (3) (b) + VI Schedule of IFSCA (FM) Regs. In case of conflict with IFSC regulations, the IFSC regulations shall prevail. Date 05/02/2025 Place Torino Signature . 317(E) dated May 19, 2025, has amended the Companies (Accounts) Rules, 2025, extending the deadline for filing Form CSR-2 for FY 2023-24 from March 31, 2025, to June 30, 2025. Official website of the International Federation of Sport Climbing. It spans over 600 pages containing 536 sections, 23 chapters and 16 schedules which contain all the aspects of taxation in India. The Finance Bill will be discussed in Parliament before its enactment, and it is likely that it will be amended based on these d May 21, 2025 · The Income Tax Bill 2025 is the set of rules and regulations which deals with the provisions related to levy, administration, collection and recovery of direct taxes in India. Otherwise, in principle, Continental Councils may establish their own rules for nomination of candidates. Apr 7, 2025 · The IFSCA introduced the IFSCA Fund Management Regulations, 2025 to enhance fund management in GIFT-IFSC, focusing on investor-friendly measures, reduced barriers, and improved protection, boosting its global financial hub status. 3. Find events calendar, all past and future results, ranking, IFSC news, photos, videos. Counting Competitions & Status Factors 2. also been subsumed in the FM Regulations 2025. CHANGES TO THE RULES The IFSC plans to publish the competition rules in stable form on a quadrennial basis. These rules (‘the Rules’) were first approved by the Plenary Assembly of the International Federation of Sport Climbing (“IFSC”) in Frankfurt on 27 January 2007 and all subsequent amendments were approved by the IFSC General Assembly. Youth Series Age Categories 2024-2025_IFSC_Fee_System_Approved Member Federations are required to comply with the registration deadline as set in the Rules. attention to the rules where they concern the safety of the competition and participants, both on and off the Field of Play. . General Provisions 1. Feb 3, 2025 · Page 2 2025 IFSC REDs Health Screening Rules – Guidance for National Federations 1. 1 of the IFSC Continental Regulations is adjusted as follows. Each EC should include competitions in the following disciplines: (a) Lead (IFSC CR-WC / Annex A). 10/2025 on January 27, 2025. Event website: IFSC Para Climbing World Championships Seoul 2025 Athlete Classification Responsibilities - pg14 Cooperate and actively participate in evaluation in good faith Avoid unfair manipulation during evaluation through coercion, intimidation, etc - I will not be involved in betting in respect of IFSC competitions and will comply with the IFSC Code of Conduct, and the IFSC Code of Conduct on Sports Betting Integrity. 2 The following sporting codes also have the status of rules for the purposes of these regulations: IFSC Anti-Doping Rules IFSC RED-S Health Screening Rules The IFSC World Cup will see a new scoring system in place for the Boulder discipline when action returns for the 2025 Series. Introduction At the end of 2023, the IFSC has released the updated quotas regulation concerning the 2025 IFSC World Cup season. 1 Each person taking part in a World Cup event must comply with the IFSC Competition Rules, these regulations, and any amendments noted in the Event Information Sheet. —(1) These rules may be called the Digital Personal Data Protection Rules, 2025. gjrq osamzv ens iey zszextu dxtme krlm kjmq zwbo nzwruqv