Customs notification updates Raxaul transit route under the India-Nepal Treaty of Transit dated 1st June 2023, aligning rail transit procedures.
RBI’s discussion paper explores new capital raising methods for Urban Co-operative Banks, including “special shares” and secondary market development, to enhance financial stability and growth.
SC clarifies limits of High Court’s writ powers in IBC cases and recognises Indian CIRP as foreign main proceeding in cross-border insolvency case.
Rule 8 of SCRR, 1957 amended to clarify treatment of broker investments, aiming to ease regulatory compliance and support capital market activity.
RBI proposes new limits and provisioning norms for investments by regulated entities in AIFs; public comments invited until June 8, 2025.
Notification No. 49/2025 updates Income Tax Rules with extended ITR-U filing time to 48 months. Additional tax rates apply for delayed filings under new amendments effective 19th May 2025.
Import policy for gold, silver, and platinum revised under Chapter 71 of ITC (HS) codes in line with Finance Act 2025. New rules apply immediately.
IBBI revises CIRP form submission rules for insolvency professionals, with timelines, electronic filing, penalties, and compliance actions effective June 2025.
IBBI amends rules for insolvency process of personal guarantors to corporate debtors; new regulation on non-submission of repayment plans added.
Madras High Court invalidates customs order against Texwin Impex for duty drawback recovery, citing unreasoned decision and breach of natural justice by not considering exporter’s reply.
