The proposal mandates written reasons for claim rejection and timely communication within seven days. It aims to improve accountability and clarity in the liquidation process.
The issue concerns multiple filings of the same disclosures on different stock exchanges. The framework enables a single filing system, reducing duplication and improving compliance efficiency.
SEBI introduced multiple reforms to simplify operations for InvITs and REITs. The changes address investment flexibility, borrowing rules, and compliance challenges. The key takeaway is improved efficiency while maintaining investor safeguards.
The reform addresses inefficiencies caused by gross settlement, which increased liquidity and funding requirements for FPIs. SEBI allows netting of funds for outright transactions, reducing costs while maintaining safeguards against systemic risks.
SEBI permitted retention of funds where liabilities such as litigation or tax demands exist. The ruling ensures that funds can complete closure without regulatory hurdles. The key takeaway is flexibility in winding up while safeguarding investor interests.
SEBI proposed reducing the minimum investment in Social Impact Funds from ₹2 lakh to ₹1,000. The move aims to increase retail participation and improve funding for social sector entities.
CBI arrested GST officials for demanding a bribe to facilitate registration approval. The case highlights strict enforcement against corruption and accountability in tax administration.
The Court found CBDT failed to follow its 2015 directive on timely ITR utility release. It ordered an affidavit with corrective steps, highlighting systemic lapses affecting taxpayers.
ICAI has widened AQMM coverage to firms auditing group entities of listed companies, banks, and insurers. The move ensures higher audit quality through mandatory compliance and peer review oversight.
Authorities allege misuse of insolvency proceedings and diversion of funds linked to a financial fraud case. The key takeaway is scrutiny of creditor voting influence and CIRP conduct.
