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Archive: 26 February 2026

Posts in 26 February 2026

Constitutionally Impermissible For Anybody To Vilify & Denigrate Any Community: SC

February 26, 2026 297 Views 0 comment Print

SC disposed of a plea against a film title after producer withdrew it but clarified that denigrating any community is constitutionally impermissible. SC stressed that free speech restrictions under Article 19(2) must remain reasonable and not oppressive.

IFSCA Allows OTP-Based Aadhaar e-KYC Under AML/CFT Guidelines

February 26, 2026 225 Views 0 comment Print

The regulator has amended its 2022 AML/CFT Guidelines to permit OTP-based Aadhaar e-KYC authentication for regulated entities in IFSCs. The change expands digital customer verification methods with immediate effect.

IBBI Strengthens Valuation Framework to Enhance Insolvency Transparency

February 26, 2026 255 Views 0 comment Print

IBBI introduces standardized valuation formats, harmonised standards, and a Coordinating Valuer mechanism to improve credibility and comparability under the IBC.

Voluntary Strike off / Closure of LLP in India

February 26, 2026 142293 Views 1 comment Print

Before seeking voluntary strike off, LLPs must file Forms 8 and 11, close bank accounts, settle liabilities, and submit a CA-certified nil balance statement. The Registrar publishes notice before final removal of name.

IBBI Suspends IP for Two Years for Operating CIRP Bank Account After Liquidation

February 26, 2026 297 Views 0 comment Print

The IBBI Disciplinary Committee held that continued operation of a CIRP bank account after commencement of liquidation violates Sections 34 and 36 of the Code. The professional’s registration was suspended for two years for unauthorised transactions post-liquidation.

IFSCA Mandates SWIFT BIC Changes for GIFT IFSC Banking Units to Prevent Fund Delays

February 26, 2026 1200 Views 0 comment Print

IFSCA has directed IFSC Banking Units to clearly include GIFT IFSC Banking Unit in their SWIFT BIC names to avoid misrouting of cross-border remittances. Compliance reporting is mandatory by June 30, 2026.

RBI Permits Private Placement Beyond 200 Investors Due to UCB Sector Constraints

February 26, 2026 357 Views 0 comment Print

RBI’s Amendment Directions enable NUCFDC to raise capital beyond statutory private placement limits. The decision ensures broader participation by UCBs while mandating reporting and regulatory compliance.

FSSAI Issues Draft Packaging Amendment to Define Food Contact Materials and NIAS

February 26, 2026 684 Views 0 comment Print

FSSAI has proposed amendments to the 2018 Packaging Regulations to introduce key definitions, including food contact materials and non-intentionally added substances. The draft, issued under statutory powers, invites public objections within 60 days.

FSSAI Notifies New Food Safety Officer for North Central Railway Under Statutory Powers

February 26, 2026 177 Views 0 comment Print

Exercising powers under Sections 10 and 37 of the Food Safety and Standards Act, 2006, FSSAI amended its 2017 notification to appoint a new Food Safety Officer for North Central Railway. 

Filing Not Streamlined No Ground to Bypass GST Appellate Tribunal: Gujarat HC

February 26, 2026 924 Views 0 comment Print

The Court refused to entertain the writ petition, holding that appeal before the Appellate Tribunal was the proper remedy. Filing issues do not override statutory appeal provisions.

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