IFSC Banking Units (IBUs) can participate in international payment systems. New guidelines clarify authorization requirements for transactions affecting domestic operations.
The Reserve Bank of India has introduced the Payments Regulatory Board Regulations, 2025, superseding previous rules to govern the composition, functions, and conduct of the Payments Regulatory Board.
Ministry of Corporate Affairs has announced an extension for filing Form CSR-2 for the financial year 2023-24, moving the deadline to June 30, 2025. This amendment to the Companies (Accounts) Rules, 2014, provides companies additional time for compliance.
IRDAI imposes a Rs 1 Crore penalty on Acko General Insurance for violating outsourcing and commission regulations with Ola Financial Services.
CBIC’s Chairman details new MPR module, India-Russia AEO pilot, nationwide ‘Sundays on Cycle’ for GST, Delhi GST registration drives, and recent anti-smuggling operations.
SEBI circular dated May 19, 2025, details new norms for internal audit mechanisms and Audit Committee composition at Market Infrastructure Institutions (MIIs).
Rule 8 of SCRR, 1957 amended to clarify treatment of broker investments, aiming to ease regulatory compliance and support capital market activity.
RBI proposes new limits and provisioning norms for investments by regulated entities in AIFs; public comments invited until June 8, 2025.
Notification No. 49/2025 updates Income Tax Rules with extended ITR-U filing time to 48 months. Additional tax rates apply for delayed filings under new amendments effective 19th May 2025.
India’s Ministry of Commerce amends Schedule-II (Export Policy), ITC (HS) 2022, to align with the Finance Act, 2025. This notification details immediate changes to export codes and notes.
