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IBC Overrides Defunct Scheme of Arrangement Due to Non-Compliance With Statutory Timelines

February 28, 2026 330 Views 0 comment Print

The Supreme Court held that a delayed and inoperative scheme under the Companies Act cannot stall CIRP, restoring insolvency proceedings under Section 7 of the IBC.

Director Penalised Rs.1.5 Lakh for Holding Two DINs in Violation of Section 155

February 27, 2026 516 Views 0 comment Print

ROC Bangalore imposed penalty for 1,592 days of continuing default after a second DIN was obtained contrary to statutory provisions.

Director Penalised for Holding Two DINs in Violation of Section 155

February 27, 2026 573 Views 0 comment Print

ROC Bangalore imposed a penalty for 907 days of continuing default due to acquisition of a second DIN, holding it contravened Section 155.

IBBI Strengthens Valuation Framework to Enhance Insolvency Transparency

February 26, 2026 465 Views 0 comment Print

IBBI introduces standardized valuation formats, harmonised standards, and a Coordinating Valuer mechanism to improve credibility and comparability under the IBC.

Government Allows Aadhaar Authentication for Credit Reports on Voluntary Basis

February 25, 2026 384 Views 0 comment Print

The Finance Ministry has permitted Aadhaar-based authentication for accessing credit information reports, subject to user consent and availability of alternative ID options.

LIFT Scheme Launched: Freight Reimbursement for MSME Exporters from Hinterland Districts

February 20, 2026 945 Views 0 comment Print

The new scheme offers up to 30% freight reimbursement (₹20 lakh cap) to eligible MSMEs exporting notified products from identified districts, effective 20 February 2026.

INSIGHT Scheme Launched: New Export Intelligence & Capacity Support for MSMEs

February 20, 2026 546 Views 0 comment Print

The government introduces INSIGHT under NIRYAT DISHA to strengthen export readiness through trade intelligence, skills development, and cluster-level facilitation.

Forms for registration of stock brokers and clearing members

February 17, 2026 480 Views 0 comment Print

SEBI has specified revised application forms and certificate formats for stock brokers and clearing members under the 2026 Regulations. The new framework replaces the earlier 1992 forms and applies retrospectively from January 7, 2026.

RBI releases draft Directions on Foreign Exchange Dealings of Authorised Persons

February 17, 2026 687 Views 0 comment Print

On February 17, 2026, the Reserve Bank of India released draft Directions on Foreign Exchange Dealings of Authorised Persons for public consultation, inviting comments until March 10, 2026. The draft, issued under FEMA, 1999 and the RBI Act, aims to refine and modernise the regulatory framework governing Authorised Dealers (AD Category-I banks and AD Category-III […]

Draft RBI (Housing Finance Companies) Amendment Directions, 2026

February 12, 2026 483 Views 0 comment Print

RBI has amended Housing Finance Company directions to align advertising and sales norms with NBFC Responsible Business Conduct rules. The move ensures uniform compliance standards from July 1, 2026.

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