Regulators have opened the door for banks to independently set up pension funds under strict eligibility norms. The move is aimed at improving competition, governance, and subscriber protection in the NPS.
Paid-up capital and turnover limits were enhanced to widen the small company regime. The change reduces regulatory burden and expands access to compliance relaxations.
Enforcement authorities uncovered a corruption racket involving illegal payments to influence GST evasion cases. The key takeaway is that multiple officials and private actors were arrested following a trap operation.
The regulator approved a framework permitting scheduled banks to sponsor pension funds, aiming to boost competition and strengthen the pension ecosystem.
The appellate authority held that compliance certificates on eligibility and financial capacity contain sensitive commercial information and are exempt from disclosure under the RTI Act.
The government has approved new regional and company registries to streamline administration and improve access. The move aims to reduce jurisdictional load and strengthen regulatory facilitation.
The document explains how auditors should identify and assess risks of material misstatement in revenue under SA 315. It highlights structured ROMM analysis as the foundation for audit planning and quality.
The FAQs clarify how excise duty on chewing tobacco, jarda, and gutkha will be levied based on packing machine capacity rather than actual production. Manufacturers must comply with strict declaration, verification, and payment rules from 1 February 2026.
The release addresses growing IPO-led exits and the need for stronger stewardship standards. It highlights a framework aimed at protecting retail investors and promoting long-term governance.
The implementation of Phase IV of the peer review mandate has been postponed by one year. Firms now have time until 31 December 2026 to meet the certification requirement.
