The draft regulations introduce a structured framework for engagement of IFSC Financial Advisers by Financial Institutions. The move aims to enhance advisory-stage oversight and align IFSC with global regulatory standards.
Rule 26 clarifies when payments exceeding ₹10,000 in cash will not face disallowance under sections 36(4) and 36(5). It outlines specific institutional, agricultural, employee, and banking-related exemptions.
The central bank has made UTI generation compulsory for all OTC derivative transactions reported in India from January 1, 2027. The move aims to enhance transparency, global harmonisation, and lifecycle tracking of derivative contracts.
SEBI has proposed amendments to relax bank and demat account reporting norms for stock brokers, especially those that are banks or primary dealers. The move aims to harmonize requirements and enhance regulatory efficiency.
ICSI has urged the government to set up an NCLT Bench in Pune citing 30,600 pending cases and prolonged insolvency timelines. The move aims to ease pressure on Mumbai and ensure faster dispute resolution.
The appellate authority held that information can be disclosed only if it is held or controlled by the public authority. As the requested 1986 committee report was not available with the Board, the RTI appeal was disposed of.
The draft amendment prohibits deceptive digital practices and compulsory bundling in product sales. Institutions must ensure explicit consent and compensate customers in cases of mis-selling.
The draft Directions prohibit deceptive digital practices and compulsory bundling while mandating explicit consent. SFBs must refund and compensate customers in cases of mis-selling.
The RBI has withdrawn its 2021 circular on grievance redress mechanisms following updated disclosure norms and enhanced ombudsman compensation powers. Banks must still maintain robust grievance systems under existing regulations.
The ROC held that filing AOC-4 with incorrect company status details constitutes a violation of Rule 8(3). Rectification through GNL-1 does not eliminate liability, and penalties were imposed under Section 450.
