SEBI modified nomination norms for demat accounts and mutual fund folios after receiving stakeholder feedback on implementation issues. The revised framework aims to simplify investor onboarding and nomination procedures.
The Government has notified detailed Rules of Origin under the India–Oman CEPA to determine which goods qualify for preferential customs duty treatment. The key takeaway is that importers and exporters must satisfy prescribed origin criteria to claim tariff concessions.
The RBI has amended FEMA Cross Border Merger Regulations by replacing references to NCLT with the broader term Competent Authority. The change ensures that merger approvals granted by any authority empowered under the Companies Act are recognized under FEMA.
CBIC has updated tariff values for edible oils and brass scrap under Section 14 of the Customs Act. The notification revises benchmark customs values effective from 30 May 2026 while retaining existing values for gold and areca nuts.
CBDT has instructed tax officers to uniformly apply Sections 68 to 69D and Section 115BBE after a C&AG audit found inconsistencies in assessments and incorrect tax computations leading to revenue loss.
DGFT has introduced electronic Preferential Certificates of Origin through the Trade Connect platform for exports to Oman under the India-Oman CEPA. The move digitizes issuance, verification, and authentication of origin certificates.
ICAI notifies removal of 12 chartered accountants from membership rolls, with suspension periods, fines, and reprimands in select cases.
The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalty of ₹1 crore was imposed for violations of MISP guidelines.
MCA amends Schedule VII of the Companies Act to include subscription to zero coupon zero principal instruments on Social Stock Exchange under CSR.
MCA has amended the CSR Rules to recognize zero coupon zero principal instruments issued by Social Stock Exchange-listed NPOs. The amendment creates a new channel for CSR implementation while prescribing safeguards for fund utilization.
