SEBI’s informal guidance confirms that corporate governance compliance reports must reach the full Board. Delegation to committees alone does not meet statutory disclosure requirements.
The draft directions consolidate existing CDS norms and add regulations for newer credit derivative products. The move seeks to expand market depth while maintaining strong prudential safeguards.
The draft directions remove the need for prior approval to open branches, signalling a shift toward faster and more flexible NBFC expansion while retaining regulatory oversight.
With GDP growth resilient and inflation near target, rates were left unchanged. The decision is accompanied by reforms on mis-selling, digital fraud protection, MSME credit, and market deepening.
The dispute concerned whether courts could revisit the validity of an arbitration clause after appointing an arbitrator. The Supreme Court held that once the Section 11 order became final under the pre-2015 regime, the issue could not be reopened.
Summons under Section 70 of the CGST Act was only a step in the process of inquiry. Mere issuance of summons could not be equated with arrest or initiation of recovery proceedings.
The tribunal held that interest earned on savings bank deposits is attributable to the business of providing credit to members. Such incidental bank interest qualifies for full deduction under Section 80P(2)(a)(i).
The regulator cancelled registration after the valuer ceased to be a member of a Registered Valuers Organisation. The key takeaway is that RVO membership is a continuing and non-negotiable condition for practice.
The notification substitutes tariff value tables but retains existing rates for edible oils, gold, silver, brass scrap, and areca nuts, ensuring valuation stability.
The issue was whether reassessment completed after a court stay complied with statutory timelines. The Tribunal held that limitation resumes from the date the stay is vacated, rendering the reassessment time-barred.
