The government informed Parliament about measures taken with RBI and other agencies to identify and block illegal loan apps operating through unauthorized platforms.
The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentiality provisions under the Income Tax Act.
The government informed Parliament that mule accounts are increasingly used in cyber frauds. RBI has introduced AI-based tools and stricter monitoring to detect suspicious transactions.
CBIC has issued a circular allowing stranded Indian nationals to bring pet dogs and cats into India with relaxed documentation requirements. The one-time measure addresses extraordinary circumstances in war-affected regions.
SEBI has modified SGF coverage norms for commodity derivatives clearing corporations, requiring stress testing based on the simultaneous default of at least three clearing members. The move aims to strengthen risk management while easing compliance.
The adjudicating authority penalized a company for not maintaining the required number of directors liable to retire by rotation. The violation continued for over 700 days before being rectified.
CBIC amends the customs jurisdiction under Notification 21/2022 to redefine areas under the Principal Commissioner of Customs, Visakhapatnam. The update clarifies coverage of ports, SEZs, airports, and multiple districts in Andhra Pradesh.
The government amended the FDI policy requiring investments from neighbouring countries to follow the government approval route and clarified rules on beneficial ownership.
The amendment to Securities Contracts (Regulation) Rules introduces a graded public shareholding requirement based on company size. Larger companies may list with lower percentages but must gradually increase public shareholding.
ROC Mumbai penalized a director for incorrect financial information reported in the AOC-4 XBRL filing. The order emphasizes that authorized signatories are responsible for the accuracy of e-forms filed with MCA.
