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GSTN Advisory: Introduction of Import of Goods details in IMS

October 30, 2025 1407 Views 0 comment Print

GST portal’s Invoice Management System (IMS) introduces Import of Goods section for BoE action. Manage imports and GSTIN amendment reversals from Oct 2025.

IRDAI Fines Insurer ₹1 Cr for Outsourcing and Agent Payout Lapses

October 30, 2025 1398 Views 0 comment Print

The IRDAI imposed a ₹1 crore penalty on Liberty General Insurance for serious violations of outsourcing and commission regulations, including excessive payments to related parties of intermediaries. The insurer also received cautions for policyholder complaint misclassification and procedural lapses.

SEBI Adjusts NBI Derivative Norms: Phased Weight Changes

October 30, 2025 750 Views 0 comment Print

SEBI implements new eligibility criteria for derivatives on Non-Benchmark Indices (NBIs). BANKNIFTY adjustments phased over 4 tranches by Mar 2026; FINNIFTY/BANKEX by Dec 2025.

SEBI Permits Certified Past Performance Disclosure

October 30, 2025 945 Views 0 comment Print

SEBI allows IAs and RAs to share ICAI/ICMAI-certified past performance data with clients on request, as an interim step before the PaRRVA verification agency becomes operational.

SEBI Allows Investment Advisers to Charge Fee for Second Opinion on Assets

October 30, 2025 912 Views 0 comment Print

SEBI permits Investment Advisers (IAs) to charge a fee (max 2.5% AUA) for providing second opinions on client assets under pre-existing distribution arrangements.

SEBI extends Timeline for QSB T+0 Settlement Systems

October 30, 2025 783 Views 0 comment Print

SEBI Circular extends the deadline for Qualified Stock Brokers (QSBs) to implement mandatory systems for the optional T+0 settlement cycle, previously due November 1, 2025. The extension addresses implementation challenges.

DGFT Expands ‘Source from India’ Exporter Eligibility

October 29, 2025 1152 Views 0 comment Print

DGFT revises Source from India eligibility criteria: all valid IECs with ₹100k export realization in the last 3 years can now register on Trade Connect.

Salient features of Employees’ Enrolment Campaign, 2025

October 29, 2025 1785 Views 0 comment Print

EPFO’s campaign (Nov 2025–Apr 2026) allows employers to enroll employees missed from 2017 to 2025. Pay only employer’s share and ₹100 damage for compliance.

One Serious Criminal Case Won’t Bar Lawyers from Contesting Council Elections

October 29, 2025 1662 Views 0 comment Print

Bar Council of India amended Rule 4 on Member disqualification: Advocates are now ineligible only if two or more serious criminal cases are pending before the election.

CBDT Guidelines for Assessment of Tax on Agriculture Income

October 29, 2025 1632 Views 0 comment Print

CBDT circular on C&AG report findings. Directs AOs to verify land records, sales, and expenses to ensure correct exemption of agricultural income.

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