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Archive: 01 April 2026

Posts in 01 April 2026

DGFT Allows Export of Essential Commodities to Maldives Due to Bilateral Trade Agreement

April 1, 2026 486 Views 0 comment Print

The notification permits export of key commodities like rice, sugar, and eggs to Maldives within specified limits. It exempts these exports from restrictions while ensuring compliance with environmental and quality standards.

RBI Mandates Immediate Compliance Due to New UNSC Terror Sanctions Listing

April 1, 2026 321 Views 0 comment Print

RBI directs banks and financial institutions to act on a newly added UNSC sanctions entry under UAPA provisions. The circular emphasizes freezing accounts and ensuring no financial access to listed individuals linked to terrorism.

RBI Introduces Guarantee Reporting Framework Due to New FEMA Regulations

April 1, 2026 1101 Views 0 comment Print

RBI mandated structured reporting of guarantees using specified forms under FEMA 2026 regulations. The circular ensures standardised compliance and timely disclosures. The key takeaway is mandatory reporting through authorised channels within prescribed timelines.

RBI Made PRAVAAH Portal Mandatory for Overseas Investment Submissions

April 1, 2026 345 Views 0 comment Print

RBI shifted processing of overseas investment references from central office to regional offices. This change aims to improve efficiency and reduce processing delays. The key takeaway is decentralised handling based on UIN mapping.

ICSI Representation on Name Change for CSR-Registered Trusts

April 1, 2026 357 Views 0 comment Print

The issue concerns the inability to update trust details in CSR-1 registration records. It was highlighted that outdated information leads to compliance challenges, making a case for enabling modification of records.

ICSI Request for Priority Listing under Companies Act & IBC at NCLT

April 1, 2026 201 Views 0 comment Print

ICSI raised concerns over delays in NCLT hearings affecting corporate restructuring and insolvency matters. It emphasized the need for prioritised listing to ensure timely adjudication.

IFSCA Introduced Mandatory Certification for Fund Management Personnel 

April 1, 2026 669 Views 0 comment Print

IFSCA mandated a certification course for KMPs and core employees of fund management entities. The ruling ensures adherence to regulatory standards and professional competence.

April 2026 Due Date Calendar for Tax & Compliance

April 1, 2026 17187 Views 0 comment Print

The document outlines key statutory deadlines for April 2026 across multiple laws. It consolidates GST, income tax, and corporate compliance requirements into a single schedule. The takeaway is that timely adherence is essential to avoid penalties.

Clerical Error Can’t Inflate Tax-ITAT Orders Rectification of Double STCG Addition

April 1, 2026 210 Views 0 comment Print

The tribunal found that STCG may have been counted twice, inflating taxable income. It directed verification and recomputation by the Assessing Officer. The ruling highlights correction of computational errors.

Gauhati HC Refuses to Quash POCSO Rape Case

April 1, 2026 210 Views 0 comment Print

The High Court refused to quash proceedings despite a compromise between parties. It held that serious offences like rape cannot be treated as private disputes and must proceed in law.

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