The new Directions mandate uniform customer due diligence and monitoring to curb money laundering and terror financing. They align domestic rules with global AML/CFT standards and take effect immediately.
RBI has issued binding Directions prescribing how Regional Rural Banks must present and disclose their financial statements. The Directions apply to all RRBs with immediate effect and aim to improve transparency and uniformity. The key takeaway is mandatory compliance with standardised reporting norms.
Reserve Bank has replaced 9445 circulars with a structured set of Master Directions, easing regulatory interpretation and reducing compliance burden for banks and financial institutions.
The IBBI suspends an insolvency professional for one year for incorrect claim verification and improper CoC constitution, leading to unnecessary CIRP costs.
Valuer suspended for six months due to failure in properly valuing financial and intangible assets during CIRP and liquidation, with inadequate due diligence cited by IBBI.
A registered valuer was suspended for three months by IBBI for failing to adequately value key financial assets and trade receivables during a corporate liquidation, highlighting the need for due diligence.
The Code consolidates nine labour laws and extends social security to organized, unorganized, gig, and platform workers, ensuring universal protection and welfare benefits across India.
The OSH Code consolidates 13 laws into a single framework, streamlining compliance, enforcing uniform safety standards, and ensuring worker protection across all sectors in India.
The CBIC extends the validity of its 2023 valuation order for J3 grade stainless steel, ensuring continuity in customs value declaration until November 2026.
SEBI seeks to raise the threshold for simplified documentation from Rs. 5 Lakhs to Rs. 10 Lakhs and introduce a single affidavit-cum-indemnity form to reduce investor burden.
