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    Question

    What restriction is placed on BATF Service Providers

    regarding their business operations in relation to Indian Group Entities, according to the IFSCA (BATF) Regulations 2024?
    A They cannot offer services to Indian clients Correct Answer Incorrect Answer
    B They cannot transfer existing contracts from Group Entities in India Correct Answer Incorrect Answer
    C They must operate through joint ventures Correct Answer Incorrect Answer
    D They cannot engage in foreign currency transactions Correct Answer Incorrect Answer
    E They must operate exclusively in Indian Rupees Correct Answer Incorrect Answer

    Solution

    A BATF Service Provider is prohibited from offering services through the  transfer of existing contracts or work arrangements  from their Group Entities in India.

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