The International Financial Services Centres Authority clarified that existing ASPs and TechFin entities continuing operations under transitional provisions must comply with the fee structure prescribed under the TAS Regulations framework. A one-time extension for fee remittance until May 31, 2026, was also provided.
The updated IFSCA framework creates a detailed regulatory structure for ship leasing activities in IFSCs, including operating and financial leases. The circular aims to strengthen India’s maritime finance ecosystem through GIFT City and other IFSCs.
SEBI has modified the Monthly Cumulative Report format for mutual funds following the introduction of new scheme categories. The revised reporting structure will apply from June 2026 onwards.
CBIC has clarified that Entry Inward and Vessel Sail-out Clearance cannot be delayed due to pending physical boarding of customs officers. The circular aims to reduce cargo operation delays and streamline port clearances through digital processes.
SEBI has clarified that InvITs with borrowings exceeding 49% of asset value can use fresh debt for capital expenditure, road maintenance, and refinancing of eligible principal debt. The circular immediately expands financing flexibility for infrastructure trusts.
PFRDA has launched Retirement Income Schemes and drawdown options under NPS to allow flexible post-retirement payouts up to age 85. The framework also permits continued market-linked growth of retirement corpus.
SEBI has clarified that SPVs under InvITs can continue retaining SPV status even after termination or completion of concession agreements. The circular also prescribes timelines for exit, restructuring or acquisition of new infrastructure projects.
CBIC extended the validity of multiple customs circulars issued under Section 143AA until 30 June 2026 because of ongoing maritime disruptions caused by the closure of the Strait of Hormuz.
CBIC has mandated system identification and expedited clearance of hazardous cargo through flagged Bills of Entry. Importers must declare hazardous goods at item level from 01 July 2026.
PFRDA relaxed earlier restrictions on annuity surrender after receiving hardship representations from subscribers. The circular now permits surrender in cases involving critical illness of the annuitant or family members subject to ASP assessment.
