IFSCA clarifies SGF contributions by Clearing Corporations in IFSC under amended MII Regulations, 2021. Includes net worth calculation and interest accrual.
RBI penalizes Bridge Fintech Solutions (Finzy) ₹10 lakh for violating NBFC-P2P norms, citing loan disbursement issues, risk-taking, and compliance failures.
IFSCA revises fee structure for ITFS operators in IFSC, effective April 1, 2025, with charges based on transaction turnover.
IBBI disposes of SCN against IP in CIRP case, addresses claims dispute, and ongoing RoC investigation. Details of findings and DC’s conclusion explained.
The IBBI Disciplinary Committee has suspended Ms. Sonu Jain for one year due to delays and procedural lapses in the liquidation process of Venkateshwara Capital.
Delhi Building and Other Construction Workers Welfare Board receives tax exemption on cess, fees, and interest income under Section 10(46) of Income-tax Act.
IBBI suspends valuer for six months for non-transparent valuation in CIRP and liquidation of Base Corporation Ltd., citing violations of Valuation Rules, 2017.
India revises import policy for platinum, restricting imports except for platinum alloy with 99% or more purity. Changes effective under DGFT Notification No. 60.
India updates pet import rules under the Live-stock Importation Act, 1898. Final quarantine clearance for pet dogs and cats now issued at entry ports.
JNCH announces automation of Customs refund applications. Manual submissions will only be allowed until March 31, 2025, after which online filing via ICEGATE is mandatory.
