CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, impacting Forms 10IH, 64A-F, for streamlined reporting.
The RBI has revised prudential norms for Urban Co-Op Banks, including small loan limits, real estate exposure, and provisioning requirements.
SEBI proposes to expand the definition of Qualified Institutional Buyers to include Accredited Investors for Angel Fund investments. Public comments invited by March 14, 2025.
ICSI will announce CS Professional & Executive exam results for Dec 2024 on Feb 25, 2025. Marks statements will be available online. Next exams in June 2025.
SEBI modifies the Investor Charter for stock brokers to enhance investor protection, transparency, and grievance redressal. New provisions effective immediately.
RBI invites public comments on draft circular regarding foreclosure charges and pre-payment penalties on loans. Stakeholders can submit feedback by March 21, 2025. Final circular issuance to follow public consultation.
RTI Act grants access to existing records only; public authorities need not provide opinions, clarifications, or policy recommendations, as emphasized by CIC and SC precedents.
RTI Act permits access only to information held by a public authority and does not require the creation or interpretation of information. The authority found that inquiries regarding investigation status or actions taken by IBBI officials amounted to seeking opinions or advice, which falls outside the scope of the RTI Act.
IBBI suspends valuer Nitin Ashok Garg for six months due to valuation report discrepancies in East Coast Energy liquidation case.
IBBI suspends Sujit Shrikant Joglekar for six months due to valuation discrepancies in East Coast Energy liquidation.
