KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities are affecting return filing preparedness. The representation highlighted risks of penalties, system congestion and compliance pressure.
PFRDA clarified that Pension Agents working with multiple Points of Presence must be identified through PAN for better traceability and monitoring. The circular also directs CRAs and PoPs to maintain and verify updated agent records.
IFSCA consolidated the regulatory framework for Broker Dealers and Clearing Members in GIFT IFSC into a single Master Circular. The framework covers registration, supervision, governance, cyber security, client protection and technology compliance.
IFSCA released a consultation paper proposing changes to premium-related regulations after the Insurance Act, 1938 was amended through the SBSR Act, 2025. The draft seeks to align IFSC regulations with the revised statutory definition of “premium.”
IFSCA issued a circular explaining how Investment Advisers in the IFSC can provide implementation services for various financial products. The circular prescribes different regulated channels for listed and unlisted products.
The article explains that investors should evaluate account charges, platform security and service quality before opening a demat account online. It also highlights the importance of checking registration status and compliance procedures.
The DGFT has amended the export policy of sugar from “Restricted” to “Prohibited” with immediate effect until September 30, 2026. The notification aims to regulate sugar exports while allowing limited exemptions for specified categories and government-approved shipments.
ROC Chennai penalised a Nidhi company and its directors for filing incomplete allottee details in Form PAS-3. The ruling clarifies that occupation details of allottees are mandatory under Rule 12(2) of the Companies Rules, 2014.
ROC Chennai penalised a company and its director for filing Form MGT-7 more than 500 days late under Section 92 of the Companies Act, 2013. The ruling confirms that annual return filing delays attract substantial penalties despite operational or legal difficulties.
ROC Chennai penalised a company and its director for delayed filing of Form MGT-14 relating to approval of financial statements and Board’s Report. The ruling reiterates that board resolutions under Section 179(3) must be filed within the prescribed statutory timeline.
