Government initiatives aim to ease regulatory requirements and attract multinational companies to expand operations in India.
IFSCA issues directions for IBUs on operations of Foreign Currency Accounts for Indian residents under the Liberalised Remittance Scheme (LRS).
Government urges timely responses to queries in FCRA registration, renewal, and permission applications to avoid denial.
DGFT issues clarification on EPCG scheme amendments applicable to third-party exports, effective for exports after December 5, 2017.
SEBI seeks public comments on retail investors’ participation in algorithmic trading. New safeguards proposed to enhance transparency and market integrity.
SEBI classifies Corporate Debt Market Development Fund (CDMDF) as Category I AIF to enhance liquidity and act as a backstop during corporate bond market stress.
SEBI permits listing of unlisted ISINs outstanding as of 31 Dec 2023 without counting them towards ISIN limits. Update applies to debt securities under Regulation 62A.
Madras High Court sets aside GST assessment order for L&T Finance citing lack of personal hearing and directs reconsideration with proper opportunity to present evidence.
Calcutta High Court invalidates assessment order in Cosyn Limited case, directing a refund of the 10% pre-deposit made under interim relief.
Orissa High Court directs conditional acceptance of GST return revocation application, addressing delay and compliance with tax dues and penalties.
