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Archive: February, 2026

Posts in February, 2026

SC Restored Bail Due to Limited Need for Custodial Interrogation in GST Fraud Case

February 9, 2026 324 Views 0 comment Print

The Supreme Court restored bail to one accused after noting prior custodial interrogation, while permitting limited custody of the other. The ruling balances procedural compliance with individual circumstances in GST-related offences.

SC Declines to Entertain delayed Revenue SLIP on Denial of Exemption for Late Form Filing

February 9, 2026 384 Views 0 comment Print

The Supreme Court refused to condone a 237-day delay and dismissed the SLP, also holding that the case lacked merit. The ruling underscores strict scrutiny of delay condonation.

Gujarat HC Allowed Section 11 Exemption Despite Late filing of Form 10B

February 9, 2026 444 Views 0 comment Print

The High Court held that delayed filing of Form 10B is a procedural lapse and does not justify denial of charitable exemption. Trusts otherwise compliant with audit requirements remain eligible for Section 11 benefits.

RTI on Insolvency Proceedings Dismissed as Regulator Not Required to Create Records

February 9, 2026 249 Views 0 comment Print

Information linked to verification of resolution plans was held exempt due to fiduciary relationship, reinforcing limits on RTI disclosures.

RTI Cannot Be Used to Seek Confirmation of Correct CIRP Contact Person

February 9, 2026 198 Views 0 comment Print

The appellate authority held that RTI cannot be used to seek confirmations or opinions. Information already available in the public domain need not be recompiled by the regulator.

IBBI Appellate Authority Denied RTI as Subsidiary Not Part of Insolvency Process

February 9, 2026 198 Views 0 comment Print

The appellate authority held that information could not be disclosed since the subsidiary company was not admitted to insolvency proceedings. RTI access was limited to information held by the regulator.

Halal Certification Expanded Due to Addition of 20 Export Countries

February 9, 2026 459 Views 0 comment Print

The government has expanded mandatory Halal certification to 20 more countries for meat exports. Exporters must comply with I-CAS requirements within prescribed transition periods.

DGFT Seeks Public Comments on Digital Trade Facilitation Bill to Recognise E-Trade Documents

February 9, 2026 1128 Views 0 comment Print

The Trade Notice invites stakeholder feedback on a draft law aimed at granting legal recognition to electronic trade documents and enabling secure digital trade systems.

Master Circular for SEBI (Issue of Capital and Disclosure Requirements Regulations) 2018

February 9, 2026 1083 Views 0 comment Print

The regulator has updated its ICDR Master Circular by incorporating all circulars issued up to December 31, 2025. The move simplifies compliance while ensuring that past actions and liabilities under earlier circulars remain valid.

RBI Expanded Collateral-Free MSME Loans to Rs. 25 Lakh Under New Norms

February 9, 2026 885 Views 0 comment Print

The revised directions mandate no collateral up to ₹20 lakh and permit banks to extend collateral-free MSME loans up to ₹25 lakh based on internal policy and borrower track record.

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