PFRDA has introduced a revised audit framework for PoPs handling NPS and NPS Vatsalya, prescribing new audit frequency, eligibility criteria for auditors, and reporting requirements. The circular strengthens compliance and operational oversight.
SEBI has allowed AIFs to retain liquidation proceeds beyond the permissible fund life under specified conditions while introducing safeguards to protect investor interests during the winding-up process.
The Disciplinary Committee imposed a two-year suspension after finding failures in claim verification, unauthorized financial decisions, and improper treatment of homebuyers’ claims during the insolvency process.
The Disciplinary Committee held that non-disclosure of the assignment of assets worth over ₹5,456 crore in Form H amounted to a serious lapse in transparency. It emphasized that material details affecting creditor recoveries must be accurately reflected in compliance certificates submitted to the Adjudicating Authority.
MCA notifies the New Development Bank under Section 2(11)(ii) of the Companies Act, 2013, specifying it as a body corporate for the Act’s purposes.
PFRDA has permitted Government Entities to continue availing Point of Presence services despite the earlier requirement for direct CRA integration. The circular introduces a flat annual fee of ₹500 per subscriber covering all PoP-related services.
Notification No. 56/2026-Customs (N.T.) modifies the territorial jurisdiction of customs authorities under Notification No. 21/2022. The key change reallocates jurisdiction over Mumbai International Airport and specified districts in Maharashtra.
RBI amended capital adequacy norms for commercial banks by prescribing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment recognizes the reduced credit risk associated with government-backed guarantees.
RBI amended capital adequacy norms for All India Financial Institutions by prescribing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment recognizes the reduced credit risk arising from government-backed guarantees.
RBI amended capital adequacy norms for Urban Co-operative Banks by allowing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment acknowledges the reduced credit risk associated with government-backed guarantees.
