Supervisor view — read-only ledger participant

The regulator does not receive a report. It sits on the record.

Six Indian regulators operating across GIFT City, Gujarat, read the same append-only ledger the treasury writes to — while the transaction is still forming, not months after it settled.

Corridors under live supervision

9 min

Median time from mandate to clearance

100%

Transactions with a machine-checkable evidence chain

Balance sheets disclosed to prove a ceiling

Who sees what, and when

IFSCA

International Financial Services Centres Authority

Sees: Unit-level transaction record inside GIFT IFSC
When: At origination, live
Receives: Rail membership + full ledger read

RBI

Reserve Bank of India

Sees: Rule 7 headroom, ODI/OPI route, LRN lifecycle
When: Pre-remittance, live
Receives: Zero-knowledge headroom proof

SEBI

Securities and Exchange Board of India

Sees: Listed-entity disclosure and related-party overlap
When: On event trigger
Receives: Signed disclosure hash

MCA

Ministry of Corporate Affairs

Sees: Beneficial ownership and step-down subsidiary chain
When: On structure change
Receives: UBO chain attestation

CBDT

Central Board of Direct Taxes

Sees: Section 195 position, 15CA-15CB pairing
When: At filing
Receives: Machine-checkable 15CB lineage

AD Bank

Authorised Dealer Category-I

Sees: Full documentary set and FIRC reconciliation
When: At execution
Receives: Complete evidence bundle

Evidence ledger — live corridor

04:41:22IFSCACorridor opened — GIFT IFSC → Singaporeread

04:41:26RBIRule 7 ceiling proof verified — within limitproof

04:43:05MCAUBO chain attested — 3 step-downsattest

04:44:19CBDT15CA/15CB pair validated — treaty rate 10%filing

04:46:02SEBIListed-entity disclosure hash publisheddisclose

04:49:58AD BankEvidence bundle complete — single-pass approvalapprove

04:50:31IFSCASettlement anchored to block 4,821,306anchor

Entries are append-only. Nothing above can be edited or removed after anchoring.

Verify a ceiling proof

Proof artefact

Headroom proof — no balance sheet shown

The regulator needs one fact: this remittance stays inside the Rule 7 ceiling. It does not need the company's net worth, its cash position, or its pipeline. A zero-knowledge proof settles the fact and discloses nothing else.

scheme      groth16 (bn254)
statement   utilised + proposed <= 4 x net_worth
public      ceiling_commitment, epoch, entity_id
private     net_worth, utilised, proposed
proof       0x8f31a4...c02e   (192 bytes)
anchor      block 4,821,306

01Loading Groth16 verification key
02Reading public inputs — ceiling, commitment hash, epoch
03Checking pairing equation
04Anchoring result to evidence ledger

Result

Awaiting verification