IFSCA circular permits SNRR accounts of IFSC units to handle all business-related transactions under amended FEMA regulations, effective January 2025.
IFSCA mandates IBUs to enable internet banking for SNRR accounts of IFSC units. Quarterly status reports required until implementation begins by March 2025.
SEBI clarifies rules on associations with entities engaged in prohibited activities by regulated persons and their agents, effective from August 2024.
SEBI has released a draft circular to revise the Investor Charter for stock brokers. Public comments are invited until February 17, 2025.
IBBI revises technical standards for information utilities under the Insolvency Code, effective January 2025, focusing on user identity verification and data processing.
RBI updates guidelines on private placement of NCDs by HFCs, aligning them with NBFC regulations, effective from January 29, 2025.
In the case of Eapen George Vs ITO (ITAT Bangalore), the Tribunal examined the non-resident’s right to be heard during reassessment proceedings and the rejection of additional evidence.
J&K High Court allows extension for filing GST appeal under amnesty scheme due to technical glitch, granting 15 extra days to complete the process.
Calcutta HC quashes GST demand order for failing to grant personal hearing, directing the authority to provide a fresh hearing before passing the order.
Patna High Court nullifies GST assessment for lack of statutory basis in using 40% turnover estimate; case remanded for fresh consideration with documentation.
