Ministry of Finance has issued new rules enabling bank account holders to nominate up to four individuals, either successively or simultaneously, for deposits, lockers, and safe custody articles effective from November 1, 2025.
Notification 45/2025 merges 31 previous customs notifications into a single reference, continuing most exemptions and simplifying trade procedures from 1st November 2025.
SEBI consults on standardizing MF folio opening: first investment only after KRA completes KYC verification to resolve non-compliance and redemption issues.
CBDT’s 2024-25 APA report details 174 new agreements, including record bilateral deals, advancing tax certainty and reducing cross-border disputes.
Notification implements the India-Qatar Double Taxation Avoidance Agreement (DTAA) and Protocol, effective from the next fiscal year, outlining rules for income tax, business profits, dividends, and interest to prevent fiscal evasion.
ROC Chandigarh penalised TSC India Limited and its directors for failing to prepare and approve consolidated financial statements under Section 134(8) of Companies Act, 2013.
Finance Ministry revises IGST rules; new notification updates the definition of “Nominated Agency” effective from November 1, 2025.
Finance Ministry updates multiple Customs notifications under the 1962 Act, aligning earlier amendments; changes effective from November 1, 2025.
RBI circular on UAPA Section 51A requires Regulated Entities (REs) to update records based on the UNSC’s amended ISIL/Al-Qaida Sanctions List for compliance.
Tribunal emphasized that the CPIO cannot be directed to create, interpret, or deduce information. Appeals seeking clarifications or explanations regarding CIRP proceedings were dismissed in line with Section 2(f) of the RTI Act.
