Maharashtra has overhauled the Co-operative Societies Rules by introducing a dedicated framework for housing societies covering registration, governance, redevelopment, recovery, and member rights. The amendments also replace several outdated provisions.
SEBI proposes restoring open market buy-backs through stock exchanges after changes in buy-back taxation removed earlier inequities. The proposal also introduces safeguards on disclosures, timelines, promoter participation, and compliance.
A PIB backgrounder explains how nine years of GST have expanded the taxpayer base, increased collections, and simplified India’s indirect tax regime. It highlights GST 2.0 reforms, digital administration, and key benefits for businesses and consumers.
The Government has extended the full customs duty exemption on critical petrochemical imports until 15 July 2026 because of continued supply chain disruptions arising from the West Asia conflict. The extension ensures uninterrupted raw material availability and supports manufacturing industries during the transition period.
CBIC has extended the compliance deadline under the Sea Cargo Manifest and Transshipment Regulations to 31 August 2026. The amendment provides additional time by substituting the earlier date in the prescribed table.
ITAT held that Section 87A rebate cannot be denied on tax payable under Section 111A where the assessee qualifies under the prescribed income limit and follows settled Tribunal rulings.
RBI has revised customer protection rules for Rural Co-operative Banks by introducing stronger safeguards against fraudulent electronic banking transactions, including zero-liability provisions, mandatory alerts, and enhanced compensation mechanisms.
RBI has removed concentration risk exemptions for Government-owned NBFCs, requiring them to comply with prudential exposure limits based on their regulatory layer while allowing existing breaches to run off under specified conditions.
RBI has introduced a uniform framework for calculating capital requirements on foreign exchange and gold open positions, strengthening market risk management for Rural Co-operative Banks from April 1, 2027.
RBI has replaced the existing TReDS guidelines with a comprehensive Master Direction that streamlines regulations, simplifies MSME onboarding, and strengthens the framework for trade receivables financing. The new rules also permit credit guarantee cover for financiers.
