SEBI has proposed objective triggers such as average daily traded volume and open interest for transitioning agricultural derivatives to compulsory physical settlement. The proposal seeks to ensure that flexibility in settlement methodology remains limited and transparent.
SEBI has proposed allowing depositories to use up to 5% of interest or income earned from Investor Protection Fund investments for administrative and statutory expenses. The proposal aims to align depository rules with the framework already applicable to stock exchanges.
SEBI has proposed the GARUDA mechanism to reduce AIF scheme launch timelines from 30 days to 10 working days. The proposal aims to improve ease of doing business and accelerate capital deployment while maintaining post-facto regulatory scrutiny.
RBI amended the capital adequacy norms for Small Finance Banks by revising provisions governing inclusion of quarterly profits in CET1 capital. The new framework prescribes audit requirements and a revised profit eligibility formula.
RBI amended the capital adequacy norms for Payments Banks by revising rules for inclusion of quarterly profits in CET1 capital. The new framework allows quarterly profit recognition subject to audit and prescribed deductions.
Madras High Court directed authorities to defer GST proceedings relating to royalty and seigniorage fees for quarrying minerals until the Supreme Court decides the larger dispute. The petitions were disposed of on terms similar to earlier cases.
Gauhati High Court held that proceedings initiated through a time-barred show cause notice under Section 73(1) of the Finance Act were without jurisdiction. The adjudication order was consequently quashed.
ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation stated that quick verification access is essential for professionals, stakeholders, and third parties.
CBIC amended Notification No. 36/2001-Customs (N.T.) by substituting tariff valuation tables for specified imported goods. The revised notification continues tariff values for commodities such as gold, silver, edible oils, brass scrap, and areca nuts.
DGFT notified the enlistment of fourteen new Pre-Shipment Inspection Agencies under Appendix-2G of FTP 2023. The agencies are now authorized to issue Pre-Shipment Inspection Certificates through the DGFT portal.
