IFSCA amends directions for Foreign Currency Accounts (FCAs) of Indian residents under LRS. New rules require declarations confirming the purpose of funds spent or remitted from FCAs in IFSCs.
SEBI mandates automated trading window closure for immediate relatives of designated persons ahead of financial results, per new circular and FAQs.
The RBI has reduced the Priority Sector Lending target for Small Finance Banks from 75% to 60% of ANBC, effective FY 2025-26, adjusting the flexible component from 35% to 20%.
NPCI modifies UPI chargeback rules, introducing RGNB for remitting banks to directly raise genuine disputes declined under existing negative chargeback rules.
Enforcement Directorate issues directive on summoning legal practitioners, emphasizing compliance with Section 132 of the Bharatiya Sakshya Adhiniyam, 2023.
CBIC extends ICETAB digital system to export examinations from June 19, 2025, aiming for paperless, efficient, and transparent cargo clearance.
NPCI mandates NACH banks to integrate a Real-Time PAN and Bank Account Validation API for government use, including the Income Tax E-Filing Portal.
MCA announces CSR-2 e-Form filing on V3 portal post MCA21 V2 decommissioning. Filing open from 14th July to 15th August 2025. Details inside.
MCA relaxes additional fees for 13 e-forms due to MCA21 V3 migration. Forms due till July 31 can be filed by August 15, 2025, without extra charges.
The ruling highlights gaps in recovery proceedings due to unclear role allocation. It strengthens the system by redefining responsibilities under key GST rules.
