RBI’s June 2025 circular amends rules for inoperative accounts and unclaimed deposits, enabling KYC updates at all branches, V-CIP, and via Business Correspondents.
RBI issues KYC Amendment Directions 2025, extending updation deadlines for low-risk customers, allowing BCs for KYC, and mandating multiple advance intimations.
SEBI introduces CeFCoM for secure fee payments to registered investment advisers and research analysts. Over ₹5 crore paid via the platform till June 2025.
SEBI’s new circular mandates an Investor Charter for InvITs, requiring public disclosure of investor complaints and enhanced transparency.
SEBI’s new circular introduces an Investor Charter for REITs, enhancing investor protection, dispute resolution via ODR/SCORES 2.0, and mandating public disclosure of complaint data.
SEBI’s circular amends Product Advisory Committee (PAC) meeting frequency for commodity derivatives. Agricultural commodity PACs now meet annually.
Bombay High Court rules Section 14A disallowance cannot exceed actual exempt income, upholding Tribunal decision against Revenue in HSBC Invest Direct case.
Calcutta High Court dismisses Revenue appeal, affirming ITAT’s deletion of transfer pricing adjustment on corporate guarantee commission at 0.5%.
Bombay High Court dismissed PCIT’s appeal against Manugraph India Ltd., affirming lower interest rates on AE loans and corporate guarantees based on established precedent from Everest Kanto Cyliners Ltd.
Supreme Court in Laljibhai Mandalia case upholds tax search, clarifies reasons to believe and limits judicial review over the sufficiency of grounds for raids.
