RBI mandates direct submission of LRS daily returns by AD Category-II banks and FFMCs from January 1, 2026, enabling real-time tracking of cumulative PAN-wise remittances.
SEBI expands Regulation 30A by introducing new conditions under which intermediaries may be disqualified, including failure to meet net worth, revenue, and business transfer requirements.
SEBI mandates minimum net worth, liquid net worth, and revenue generation for merchant bankers, enhancing financial stability and compliance in capital markets.
SEBI introduces uniform changes across multiple regulations by substituting registered post with speed post, ensuring standardized and faster communication procedures.
New Labour Codes enhance maternity benefits, crèche facilities, and safety provisions while prohibiting gender discrimination, promoting equal pay and fair employment opportunities for women.
New Labour Codes formalize fixed-term employment, flexible work, and social security, empowering IT employers with workforce agility while protecting employees’ rights and benefits.
West Bengal’s ITR filings rose to 52.99 lakh in AY 2024-25, with significant increases in middle- and higher-income brackets. The state contributed 2.89% to national direct taxes.
The Government detailed GST collections and funds devolved to Karnataka from 2021–25, confirmed no pending special grants, and stated that no alternative GST compensation mechanism is under consideration.
ROC Mumbai imposed penalties on a company and its officer for not including the Annual CSR Report in the Board Report for FY 2021-22. The ruling emphasizes strict compliance with Section 134(3)(o).
ROC Gwalior imposed penalties on a company and officers for using funds from a preferential issue before filing Form PAS-3. The ruling underscores compliance with Section 42(4) of the Companies Act.
