The Tamil Nadu Commercial Taxes Department directed that adjudication of LTU taxpayers inspected by the Intelligence Wing will now be handled only by Deputy Commissioners (LTU). The circular aims to streamline GST adjudication and improve ease of doing business.
The issue was regulatory overlap after asset management services were restricted. The Authority removed a conflicting provision, ensuring compliance and clarity in ship leasing operations.
The issue was the lack of a unified process for rights issues in IFSCs. The Authority introduced a detailed framework mandating disclosures, timelines, and compliance standards.
The circular addresses how listed entities can raise capital through preferential issues and QIPs. It establishes eligibility conditions, disclosure requirements, and procedural safeguards for such issuances.
The update prohibits most INR derivative contracts with related entities. Only specific transactions such as cancellations and non-related back-to-back trades are permitted.
The issue concerns enhanced cyber security norms for critical financial institutions. The takeaway is mandatory compliance with a detailed framework to strengthen resilience and protect market integrity.
Due to technical issues on the new tax portal, late fees for Profession Tax returns were waived if tax was paid by 15 March 2026. The circular provides relief but maintains interest liability.
The issue concerned whether new ECGC Whole Turnover Policies qualify under RELIEF scheme support. DGFT clarified eligibility from March 16, 2026, ensuring wider access and boosting export insurance adoption.
The circular addresses handling of export cargo returned due to maritime route disruptions. It allows offloading without Bill of Entry subject to seal verification and mandates recovery of incentives.
SEBI allows NPOs to remain registered on SSE for up to three years without fundraising. The move enhances flexibility and encourages wider participation in social funding platforms.
