Entity setup
Market Infrastructure Institutions
Stock exchanges, clearing corporations and depositories
Choose your sub-category
Sub-categories under Market Infrastructure Institutions
Pick the exact authorisation you are exploring to see the regulation, registered entities and indicative cost.
About this entity type
A very brief overview
Market Infrastructure Institutions (MIIs) are the systemically important platforms of the IFSC — recognised stock exchanges, clearing corporations and depositories. They carry the highest net-worth, governance, shareholding, technology and risk-management requirements of any IFSC registration.
Who it suits: Exchange groups, clearing houses and depository operators.
Applicable regulation
IFSCA (Market Infrastructure Institutions) Regulations, 2021
Recognition, net worth, ownership and governance, core SGF, risk management, technology and inspection framework.
Official source
Registered entities
Entities registered under Market Infrastructure Institutions
6 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| India International Bullion Exchange (IFSC) Limited | Bullion Exchange and Bullion Clearing Corporation | —— | Perpetual / Not stated |
| India International Clearing Corporation (IFSC) Limited | Clearing Corporation | —— | Perpetual / Not stated |
| India International Depository IFSC Limited | Depository | —— | Perpetual / Not stated |
| India International Exchange (IFSC) Limited | Stock Exchange | —— | Perpetual / Not stated |
| NSE IFSC Clearing Corporation Limited | Clearing Corporation | —— | Perpetual / Not stated |
| NSE IFSC Limited | Stock Exchange | —— | Perpetual / Not stated |
Timeline & approach
How we take Market Infrastructure Institutions from plan to authorisation
Step 1
Eligibility & structure
Week 1
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Weeks 2–4
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Weeks 3–8
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Weeks 8–14
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Indicative cost
Bespoke — quoted after scoping
Multi-workstream engagement across regulation, technology governance and SEZ approvals.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for Market Infrastructure Institutions
Share your plan and we respond with the eligibility read, the document list, the indicative timeline and a fee.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details