RBI’s draft amendment strengthens customer protection by placing the burden of proving negligence on Payments Banks in unauthorised electronic transactions. The framework introduces fraud detection systems, alerts, and grievance mechanisms.
The draft directions introduce a comprehensive framework defining authorised transactions, bank negligence, and third-party breaches in digital payments. Customers may receive zero liability where banks fail to ensure security or where fraud is reported promptly.
The RBI’s draft amendment proposes stronger customer protection in electronic banking transactions by placing the burden of proving liability on banks. It introduces detailed definitions of authorised and unauthorised transactions, along with mandatory fraud reporting mechanisms and alerts.
ROC Patna penalised a company and its directors after the annual return for FY 2022–23 remained unfiled, holding it a violation of Section 92 of the Companies Act.
ROC Patna penalised a company and its directors after the annual return for FY 2021–22 remained unfiled, holding it a violation of Section 92 of the Companies Act.
The Ministry of Finance amended Notification No. 14/2018 under the Union Territory GST framework to substitute the designated authority. The amendment appoints the Joint Commissioner, CGST Daman, in the relevant table entry. The update ensures clarity regarding the officer responsible for specified GST functions.
BSE announced that the single filing system through API-based integration between stock exchanges will now cover additional XBRL disclosures from 7 March 2026. The expansion includes filings related to board meetings, trading window closure, fraud/default events, and debt restructuring.
DGFT granted an automatic extension of the Export Obligation period for Advance and EPCG Authorisations expiring between March and May 2026 due to geopolitical disruptions affecting global trade and logistics.
The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified through a caste census. It also proposes representation of marginalized groups and women in judicial appointments.
Courts have held that non-compliance with mandatory procedures under Section 144B renders faceless assessment orders void. The rulings reaffirm that digital tax reforms cannot override constitutional safeguards of fairness and the right to be heard under Article 14.
