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Revision to requirement of meetings of governing body of IBUs in IFSC

April 8, 2025 711 Views 0 comment Print

IFSCA updates meeting requirements for governing bodies of IFSC Banking Units (IBUs) to at least once per quarter, effective immediately.

EPFO: UAN Activation via UMANG App with Face Authentication

April 8, 2025 9258 Views 0 comment Print

EPFO introduces UAN allotment and activation through UMANG app using Face Authentication (FAT). Simplifies access to EPFO services for members.

CBIC Rescinds Custom Circular on Bangladesh Cargo Transit

April 8, 2025 2400 Views 0 comment Print

CBIC withdraws Circular No. 29/2020-Customs on transshipment of export cargo from Bangladesh to third countries via Indian land customs routes.

NPCI Enhances Mandate Cancellation Process

April 8, 2025 1482 Views 0 comment Print

NPCI updates NACH mandate cancellation, enabling any sponsor bank to process. Banks/corporates responsible for data accuracy and confirmation. Effective 4/4/25.

Clarification on BCD for Interactive Flat Panel Displays & other monitors

April 7, 2025 5346 Views 0 comment Print

CBIC clarifies customs duty on IFPDs vs. monitors, removing IGCR condition and providing technical guidance for classification.

IFSCA Amends Ship Leasing Framework Guidelines

April 7, 2025 1026 Views 0 comment Print

IFSCA updates ship leasing norms in IFSCs, revises currency rules and restrictions on vessel transfers. Amendments effective immediately.

FDI Policy: Govt clarifies bonus shares issuance to non-resident shareholders

April 7, 2025 1488 Views 0 comment Print

DPIIT allows Indian companies to issue bonus shares to existing non-resident shareholders in FDI-prohibited sectors, with no change in ownership.

Kerala SGST: Pecuniary Limits under Section 74A for Proper Officers

April 5, 2025 1083 Views 0 comment Print

Kerala SGST Circular 10/2025 sets officer-wise monetary limits for notices/orders under new Section 74A of GST Acts, effective now.

SEBI Sets Up PaRRVA for Risk-Return Verification

April 4, 2025 1632 Views 0 comment Print

SEBI details PaRRVA framework for CRAs & SEs to verify past performance claims by IAs, RAs & algo providers. Covers rules, eligibility, roles & oversight.

SEBI releases Standardized MII Audit Report Format

April 4, 2025 963 Views 0 comment Print

SEBI mandates a standardized format for System and Network audit reports for MIIs, enhancing data quality and compliance monitoring.

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