RBI issues new Master Direction to regulate non-resident investment in debt instruments in India. Guidelines cover various foreign investment transactions and controls.
RBI releases updated draft formats for co-operative banks’ financial statements. Comments invited by February 21, 2025, to align with modern accounting standards.
The Environment Protection (End-of-Life Vehicles) Rules, 2025, detail vehicle recycling, centralized reporting, EPR obligations, and compliance standards starting April 1, 2025.
IBBI imposes a penalty on an insolvency professional for non-compliance with liquidation regulations in handling EPFO claims during liquidation proceedings.
SEBI revises rules for settling inactive client accounts. Funds of clients not trading for 30+ days to be settled in monthly cycles as per stock exchange schedules.
SEBI proposes amendments to SDI Regulations to align with RBI guidelines, improve investor rights, and enhance market transparency in securitization.
CCI dismisses AGI Greenpac’s claims against Bhagyanagar Gas, finding no anti-competitive conduct. Allegations related to pricing and agreements were contract-based.
The GST revenue data for December 2024 shows growth across domestic and import categories. Find the detailed breakdown for CGST, SGST, IGST, and CESS.
CBIC clarifies GST treatment of vouchers, including trading, commission models, and unredeemed vouchers (breakage), providing clarity for businesses and distributors.
CBDT promotes 123 Assistant Commissioners to Deputy Commissioners of Income Tax. Effective January 2025, appointments are subject to pending legal proceedings.
