RBI introduced detailed rules on loans against eligible securities, including LTV limits and collateral norms. The amendment strengthens risk monitoring and restricts high-risk lending practices.
RBI clarified that irrevocable payment commitments will be treated as financial guarantees with specific capital requirements. The amendment ensures capital is maintained only on CME exposure with defined risk weights.
RBI mandates detailed reporting of capital market exposures in financial statements. The move enhances transparency and strengthens risk monitoring for small finance banks.
The regulation introduces mandatory adoption of Ind AS for insurers, setting standardized formats, disclosures, and governance norms to ensure transparency and accuracy in financial reporting.
Authorities imposed penalties due to failure to disclose complete allottee details in PAS-3. The case highlights strict compliance requirements under allotment rules and consequences of incomplete filings.
NFRA found major deficiencies in audit documentation and archival practices. The report highlights the need for stronger controls to ensure reliable audit evidence and compliance.
Detailed explanation of meaning of income under section 2(24), including receipts, gains, benefits, subsidies, and other taxable items.
Form 186 application process, eligibility, documents, filing rules, and recognition of provident funds under Income-tax provisions explained briefly.
Details of Form 172 filing, eligibility, due date, documents, process, and penalty for non-compliance under Income-tax Act, 2025.
Individuals must file Form 171 to become authorised tax practitioners. Without approval, they cannot represent taxpayers before authorities.
