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.
ICAI has widened AQMM coverage to firms auditing group entities of listed companies, banks, and insurers. The move ensures higher audit quality through mandatory compliance and peer review oversight.
The issue was whether deductions like commission affect export benefits. The circular clarifies that full FOB value is allowed unless deductions exceed 12.5%.
The issue was handling export cargo affected by maritime disruption. The circular permits LEO cancellation and flexible movement of goods for re-routing or return.
The issue was fragmented regulations on NRI debt investments. RBI consolidated and updated directions to streamline compliance under FEMA.
The issue was whether IBBI must provide data held by a regulated entity. The Authority held that RTI applies only to information held or controlled by the public authority, leading to rejection of the appeal.
IFSCA requires PSPs to obtain approval before joining Rupee Drawing Arrangements. The rule ensures strict adherence to AML, KYC, and CTF norms in cross-border payments.
CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and loss adjustments for accurate compliance.
