RBI has notified Foreign Exchange Management (Authorised Persons) Regulations, 2026 to streamline authorisation norms under FEMA. Revised framework seeks to improve foreign exchange service delivery while reducing compliance burdens for authorised entities.
The notification revises the 2021 Compulsory Registration Order by specifically covering standalone hard disk drives under the prescribed safety standards. The amended requirements will apply from 05 November 2026.
IFSCA amended its TechFin and Ancillary Services Regulations to create a separate regulatory framework for Trust and Company Services Providers in IFSCs. The amendment introduces registration, governance, compliance, and reporting requirements for TCSP entities.
The appellate authority found that the company complied with private placement provisions by safeguarding funds in a separate account. The ROC’s penalty order was set aside. The decision highlights evidentiary verification as key in adjudication proceedings.
The issue highlights delays caused by non-binding timelines in appellate proceedings. It proposes mandatory limits to ensure faster and fair disposal of tax appeals.
The issue highlights how organized crime operates across jurisdictions, requiring global collaboration. It emphasizes cooperation mechanisms like extradition and intelligence sharing to ensure effective enforcement.
The RBI confirmed that nearly all ₹2000 banknotes have been returned since the 2023 withdrawal announcement. With only a small fraction remaining in circulation, the process is nearing completion. The update highlights the effectiveness of the phased withdrawal strategy.
The case involved submission of a forged diploma for obtaining and renewing a licence. The Authority held that continued reliance on a known fake document amounted to misrepresentation and cancelled the licence.
The RBI introduced amendments requiring urban cooperative banks to maintain banking services during calamities through temporary branches and mobile facilities. The directions ensure financial access and customer relief in emergency situations.
The RBI mandates a structured framework for resolving stressed loans caused by natural calamities with strict timelines. It ensures timely relief through standardized policies and borrower-centric measures.
