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Deadline Extended for Principal and Compliance Officer Norms in IFSC

December 31, 2025 600 Views 0 comment Print

The regulator has extended the timeline for implementing revised appointment norms under the CMI Regulations. Intermediaries now have time until 15 January 2026 or the notification of amended rules, whichever is earlier.

Customs Orders Video Recording of Passenger Interactions at Airports

December 30, 2025 1161 Views 0 comment Print

Customs officers at international airports must now use BWCs during passenger interactions. The move strengthens transparency and accountability in baggage clearance.

Liquid Net Worth Computation Clarified by IFSCA for Capital Market Intermediaries

December 30, 2025 672 Views 0 comment Print

The circular addresses ambiguities in calculating liquid net worth under the CMI Regulations. It clarifies what capital, margins, and exclusions must be considered for compliance.

RBI (All India Financial Institutions – Responsible Business Conduct) Directions, 2025

December 29, 2025 1236 Views 0 comment Print

The RBI has overhauled responsible business conduct norms, mandating transparency, fair practices, and borrower protection across AIFIs. The key takeaway is stricter accountability in lending and recovery processes.

RBI (All India Financial Institutions – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025

December 29, 2025 1773 Views 0 comment Print

AIFIs must deny fresh credit and impose post-removal cooling-off periods on wilful defaulters. The ruling underscores deterrence against intentional defaults.

Anti-Dumping Duty Extended as Sunset Review Continues on 2-Ethyl Hexanol import

December 25, 2025 717 Views 0 comment Print

The government extended the existing anti-dumping duty during an ongoing sunset review. The key takeaway is that protection against injurious dumping will continue until the review concludes.

PAN Now Mandatory for UDIN Validation on Tax e-Filing Portal: ICAI

December 23, 2025 1134 Views 0 comment Print

The authority held that PAN must be compulsorily entered for UDIN generation in GST and tax audit cases, expanding validation to five parameters to enhance document authenticity.

Functioning of MCA-21 V3 Portal: Issues & Challenges faced by stakeholders

December 22, 2025 20028 Views 3 comments Print

Widespread technical glitches in the MCA-21 V3 portal continue to block smooth annual filings despite deadline extensions. The key takeaway is that systemic issues are impeding statutory compliance across multiple mandatory forms.

Mandatory Beneficial Ownership Disclosure Added to Resolution Plans

December 22, 2025 903 Views 0 comment Print

The amendment requires every resolution plan to disclose ultimate beneficial owners and ownership structures. The key takeaway is enhanced transparency in insolvency resolution proceedings.

Thermostat Addition Does Not Change Heating Resistor Classification: CAAR Delhi

December 22, 2025 597 Views 0 comment Print

The authority ruled that a heater used in frost-free refrigerators remains classifiable as an electric heating resistor. The key takeaway is that functional heating identity prevails over end-use.

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