RBI has outlined how banks must implement the government’s interest subvention scheme for export credit, stressing strict adherence to eligibility and procedural norms.
The Central Government has notified a statutory development authority under Section 10(46A), granting income-tax exemption from AY 2024–25. The benefit is conditional on continued statutory status and specified public purposes.
The government has notified a statutory local authority for income-tax exemption under Section 10(46A). The key takeaway is that qualifying development authorities can claim tax relief from AY 2024–25 if statutory conditions are met.
The government notified an urban development authority for exemption under Section 10(46A). The benefit applies from AY 2025-26, subject to continued statutory status and prescribed objectives.
The regulator has issued a Master Circular compiling all existing SSE-related directions in one document. Earlier circulars are rescinded, but past actions and obligations remain fully protected.
The ROC held that filing an AOC-4 form with an incorrect AGM date amounts to a completed contravention. Subsequent correction requests do not erase penalty liability under the Companies Act.
The ROC held that selecting incorrect options in statutory filings amounts to a completed contravention. Later requests to mark the form defective do not remove penalty liability.
Clarifies that consignments with inward entry dates between November 2025 and January 2026 are exempt from mandatory quality control compliance.
The order clarifies that filing an incorrect statutory e-form attracts penalties even if the mistake is later admitted and rectified. Administrative correction does not erase the original contravention under the Companies Act.
Regulators have introduced a closing auction-based price discovery mechanism for equities with derivatives. The move enhances transparency and ensures a fair closing price used for settlements and index calculations.
