The Bill mandates seat allocation using updated census figures, replacing decades-old data. It ensures fair representation aligned with current population realities.
Supreme Court held that section 64(d) of the Multi-State Co-operative Societies Act, 2002 restricts Multi-State Co-operative Society investment only to entities in the same line of business. Accordingly, Multi-State Co-operative Society is ineligible to submit resolution plan for corporate debtor which doesn’t operate in same line of business.
SEBI introduced multiple reforms to simplify operations for InvITs and REITs. The changes address investment flexibility, borrowing rules, and compliance challenges. The key takeaway is improved efficiency while maintaining investor safeguards.
The reform addresses inefficiencies caused by gross settlement, which increased liquidity and funding requirements for FPIs. SEBI allows netting of funds for outright transactions, reducing costs while maintaining safeguards against systemic risks.
SEBI permitted retention of funds where liabilities such as litigation or tax demands exist. The ruling ensures that funds can complete closure without regulatory hurdles. The key takeaway is flexibility in winding up while safeguarding investor interests.
SEBI proposed reducing the minimum investment in Social Impact Funds from ₹2 lakh to ₹1,000. The move aims to increase retail participation and improve funding for social sector entities.
CBI arrested GST officials for demanding a bribe to facilitate registration approval. The case highlights strict enforcement against corruption and accountability in tax administration.
The guide explains practical steps to identify MSME-registered vendors despite no official lookup system. It highlights documentation-based verification as the most reliable approach.
Companies that settle all MSME dues within 45 days are not required to file MSME Form 1 under original provisions. The rule focuses on delayed payments rather than routine reporting. Maintaining prompt payment practices avoids compliance burden.
Refunds under customs law are allowed only when the claimant proves the duty burden was not passed to another. Courts have held that failure to establish this results in denial of refund and credit to the Consumer Welfare Fund.
