The RBI’s 2026 Directions replace the earlier framework by introducing Total Return Swaps, credit index CDS, and exchange-traded credit derivatives. The reforms significantly expand hedging tools while strengthening the regulatory framework for market participants.
Learn the essential legal requirements for incorporating a One Person Company under the Companies Act, 2013. The article explains eligibility, nominee rules, Section 8 restrictions, and key ROC compliance requirements.
The Tribunal ruled that loss of an old Section 12A registration certificate is only a procedural deficiency and cannot by itself justify rejection of a Section 12AB application. The matter was remanded for verification of departmental records.
The ITAT observed that registration undertaken solely to satisfy a banks mortgage requirement cannot automatically attract tax under Section 56(2)(x). It restored the matter for fresh examination of the true nature of the transaction.
The ITAT held that the incorrect payment date mentioned in the Tax Audit Report was an obvious typographical mistake and not evidence of delayed PF payment. The issue was remanded for limited verification, with the deduction to be allowed upon confirmation of the challans.
Package tours commencing, operating and concluding entirely within the State of Jammu & Kashmir during the period October 2005 to September 2010 were outside the scope of levy under Chapter V of the Finance Act, 1994. Accordingly, the service tax demand confirmed for the normal period was set aside.
Where a composite scheme of arrangement satisfies the procedural requirements of sections 230 to 232 of the Companies Act, 2013 and the requisite stakeholder consents are available, the Tribunal may dispense with meetings of the concerned classes, direct compliance with statutory notice requirements and permit the scheme to proceed to the second motion stage for final sanction.
Where an ECIR based on an earlier predicate offence had already resulted in search and seizure proceedings and no fresh incriminating material subsequently emerged, the Enforcement Directorate could not justify arrest under Section 19 PMLA by merely incorporating another FIR through an addendum and relying on substantially the same allegations.
The Supreme Court refused specific performance after holding that the purchaser failed to prove continuous readiness and willingness under Section 16(c) of the Specific Relief Act. It ruled that financial capacity and consistent conduct throughout the contract period are essential for equitable relief.
The Pune ITAT refused to condone a 661-day delay in filing an appeal against rejection of Section 12AB registration. It held that vague explanations regarding a tax consultant and wrong email address, without supporting evidence, did not constitute sufficient cause.
