The notification explains how new Central Rules are proposed to replace multiple earlier labour law rules following the enforcement of the Social Security Code, 2020, consolidating compliance and administration under a single framework.
The notification substitutes tariff value tables for key commodities under the Customs Act. Importantly, all notified values remain unchanged, maintaining valuation stability.
The notification grants statutory approval for scientific research under section 35, enabling tax deductions for eligible donations.
The circular addresses ambiguities in calculating liquid net worth under the CMI Regulations. It clarifies what capital, margins, and exclusions must be considered for compliance.
The MCA has allowed companies to file annual returns and financial statements for FY 2024–25 up to 31 January 2026 without additional fees. The key takeaway is a temporary but significant compliance relief for delayed filings.
