IFSCA amends directions for Foreign Currency Accounts (FCAs) of Indian residents under LRS. New rules require declarations confirming the purpose of funds spent or remitted from FCAs in IFSCs.
DGFT Notification 20/2025-26 amends Foreign Trade Policy 2023, revising the Export Obligation period for QCO-exempt imports. The 180-day restriction now applies solely to chemical products, while textiles revert to Handbook of Procedures guidelines.
FSSAI revises 2018 Alcoholic Beverages Regulations, introducing new definitions for RTDs, country liquors, honey wine, and craft beer. Changes effective January 1, 2026.
The Ministry of Corporate Affairs (MCA) designates Special Courts in Punjab, Haryana, and Chandigarh for the speedy trial of offenses under Section 435 of the Companies Act, 2013, as per a June 18, 2025 notification.
RBI’s June 2025 circular amends rules for inoperative accounts and unclaimed deposits, enabling KYC updates at all branches, V-CIP, and via Business Correspondents.
SEBI introduces validated UPI handles and ‘SEBI Check’ from Oct 2025 to enhance investor protection and combat fraud through secure, verified payments.
The Institute of Company Secretaries of India (ICSI) has requested the Ministry of Corporate Affairs to introduce a 2025 settlement scheme for companies and LLPs, citing V3 portal issues and increasing non-filings.
New RBI guidelines exclude Primary Co-operative Banks’ contributions to eligible funds for PSL shortfalls from exposure limit calculations, though a 100% risk weight applies.
Mumbai ITAT ruled the CIT(E)’s revisionary order against Indian Education Society was time-barred, clarifying Section 263’s scope regarding original vs. reassessment issues.
SEBI circular relaxes rules for listed non-convertible debt securities, extending relief from sending physical documents until September 30, 2025, aligning with MCA guidelines.
