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CBIC Revises DIGIT Data Entry Rules as Uniform Customs Reporting Required

June 18, 2026 492 Views 0 comment Print

CBIC has issued fresh instructions prescribing uniform procedures, timelines, and case classifications for recording Customs offence cases in DIGIT. The revised framework also introduces structured data governance and phased auto-population of enforcement reports.

CBIC Amends Notification 21/2022 to Revise Customs Jurisdiction in Maharashtra

June 17, 2026 324 Views 0 comment Print

Notification No. 56/2026-Customs (N.T.) modifies the territorial jurisdiction of customs authorities under Notification No. 21/2022. The key change reallocates jurisdiction over Mumbai International Airport and specified districts in Maharashtra.

RBI Liberalises FPI Route: All Non-Resident Individuals Can Now Invest in Listed Indian Companies

June 16, 2026 567 Views 0 comment Print

The RBI has expanded foreign portfolio investment eligibility to all individuals residing outside India. The move removes the earlier restriction that limited such investments to NRIs and OCIs.

RBI (Payments Banks – Responsible Business Conduct) Second Amendment Directions, 2026

June 16, 2026 234 Views 0 comment Print

The RBI has issued comprehensive guidelines governing how Payments Banks advertise and sell financial products. The framework focuses on preventing mis-selling and enhancing customer protection in digital banking.

RBI (Regional Rural Banks – Responsible Business Conduct) Second Amendment Directions, 2026

June 16, 2026 216 Views 0 comment Print

The RBI has issued comprehensive guidelines regulating how RRBs advertise, market, and sell financial products. The reforms aim to prevent mis-selling and strengthen customer safeguards across rural banking services.

RBI (Urban Co-operative Banks – Responsible Business Conduct) Second Amendment Directions, 2026

June 16, 2026 255 Views 0 comment Print

The RBI has issued detailed guidelines governing the marketing and sale of financial products by UCBs. The framework focuses on preventing mis-selling and strengthening customer safeguards.

RBI (Urban Co-operative Banks – Undertaking of Financial Services) Second Amendment Directions, 2026

June 16, 2026 153 Views 0 comment Print

The RBI has revised the framework governing agency and referral businesses undertaken by UCBs. The amendments focus on responsible conduct, transparency, and enhanced customer safeguards.

Master Directions on Authorisation to operate a Payment System

June 16, 2026 450 Views 0 comment Print

The RBI has consolidated key regulations governing payment system operators into a single master framework. The Directions introduce perpetual authorisation, stricter eligibility norms, and enhanced compliance requirements.

Commencing Business Before Filing INC-20A: ROC imposes ₹3.5 Lakh Penalty

June 13, 2026 216 Views 0 comment Print

ROC held that starting business operations before filing the mandatory declaration under Section 10A violated the Companies Act. The company and its directors were penalized for the 179-day delay in compliance.

Executive Summary – GSTAT Minutes of Meeting dated 10 June 2026

June 12, 2026 789 Views 0 comment Print

The GSTAT Committee has recommended sweeping changes to the GSTAT Procedure Rules, 2025 to simplify appeal filing and reduce technical objections. The proposals aim to enhance accessibility, procedural flexibility, and efficiency in GST litigation.

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