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.
SEBI clarifies that the broad-based fund requirement applies at the scheme level for AIFs. This ensures accurate investor composition and stricter compliance for AMCs.
SEBI introduced SUPCOMS, an e-adjudication portal, and a cybersecurity platform to improve communication, speed up proceedings, and enhance regulatory oversight. The move aims to create a transparent and paperless compliance ecosystem.
The RBI proposes replacing the existing dual methodology with a single asset-based criterion for identifying NBFC-UL entities. The move aims to simplify classification and improve transparency in regulatory oversight.
The discussion paper addresses increasing APP frauds and proposes preventive safeguards like transaction delays and authentication layers. It aims to strengthen security without disrupting digital payment convenience.
