The Trade Notice invites stakeholder feedback on a draft law aimed at granting legal recognition to electronic trade documents and enabling secure digital trade systems.
The regulator has updated its ICDR Master Circular by incorporating all circulars issued up to December 31, 2025. The move simplifies compliance while ensuring that past actions and liabilities under earlier circulars remain valid.
The revised directions mandate no collateral up to ₹20 lakh and permit banks to extend collateral-free MSME loans up to ₹25 lakh based on internal policy and borrower track record.
The amended borrowing regulations restrict use of ECB funds for specified sectors including real estate and securities trading. A revised ECB framework with updated definitions, limits, and reporting norms has been introduced.
The authority held that failure to attach a valuation report with Form PAS-3 violates Rule 12(7) of the PAS Rules. In the absence of a specific penalty, the residuary provision under Section 450 was applied, resulting in maximum penalties.
Failure to attach a valuation report with Form PAS-3 was held to breach Rule 12(7). Since continuing penalties were already imposed earlier, only the minimum penalty was levied in this instance.
The order holds that delayed dematerialisation of securities violates Section 29(1A) and Rule 9A. The company and directors were penalised under the residuary provision for prolonged non-compliance.
Failure to file INC-20A within 180 days resulted in penalties on both the company and its directors. The order highlights strict enforcement of commencement of business provisions.
The authority held directors personally liable for a prolonged default in commencement compliance. The case highlights that continuing defaults can result in maximum statutory penalties.
The order holds that an additional director cannot continue beyond the statutory cut-off date without shareholder approval. Allowing delayed regularisation attracted penalties under Section 172.
