A SEBI consultation paper proposes regulatory changes for Large Value Funds (LVFs) for accredited investors. Proposals include reducing the minimum investment to ₹25 crore, removing restrictions on investor numbers, and relaxing compliance requirements like the mandatory annual audit of terms and NISM certification for key personnel. The goal is to make LVFs more attractive to both domestic and foreign investors.
The RBI has proposed new draft regulations to rationalize guarantees under FEMA 1999 expanding the automatic route and introducing new reporting requirements.
Pune ITAT remanded the registration proceedings after noting the assessee’s contention that an adjournment request seeking additional time for compliance was not considered by the Commissioner (Exemption).
The Ministry of Corporate Affairs’ C-PACE initiative has reduced the time for voluntary company closures from over 2 years to under 2 months.
The Delhi South CGST Commissionerate has arrested a key person linked to three firms for allegedly evading ₹16.30 crore in GST through under-reporting.
The government provides details on current vacancies in the CBDT and CBIC, citing ongoing recruitment efforts and challenges like litigation and a lack of eligible candidates.
Details on companies with registered offices in West Bengal, including year-wise data on new registrations and the number of firms that relocated their offices from the state.
The government provides details on pending cases at the NCLT, including year-wise and sector-wise breakdowns and measures being taken to expedite resolutions.
The Ministry of Corporate Affairs’ C-PACE initiative has reduced the time for voluntary company closures from over 2 years to under 2 months.
The government provides data on nationwide Income Tax Department operations, including searches, surveys, and prosecution cases for unaccounted income.
