RBI revises FEMA regulations, modifying payment rules for Asian Clearing Union (ACU) members, excluding Nepal and Bhutan. Changes apply from the date of publication.
West Bengal AAAR denies GST exemption on upfront premium for land lease, citing non-fulfillment of conditions under Notification 12/2017. The ruling clarifies the interpretation of “industrial or financial activity” and ownership criteria for exemption eligibility.
The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registered office per Companies Act, 2013.
IBBI denies RTI appeal citing fiduciary exemption under Section 8(1)(e). The requested MSME-related information was withheld. Appeal disposed on Feb 10, 2025.
IBBI’s First Appellate Authority reviews RTI appeals by Kairav Anil Trivedi, addressing disclosure requests under the RTI Act. Key findings and decision summary.
IFSCA revises eligibility norms for Remote Trading Participants in IFSC stock exchanges, addressing market feedback and modifying onboarding conditions.
IBBI updates reporting rules for insolvency professionals, requiring timely assignment updates on its portal for CIRP, liquidation, and personal guarantor cases.
RBI directs agency banks to stay open on March 31, 2025, for government transactions, ensuring financial year-end payments and receipts are processed on time.
DGFT mandates electronic Certificates of Origin via Trade Connect. Manual certificates issued after deadlines will be invalid and may face customs rejection.
RBI updates FEMA regulations, revising payment rules for ACU member countries. The amendment affects foreign exchange transactions and authorized dealers.
