The Reserve Bank of India has opened public consultation on draft supervisory directions. Stakeholders can comment on completeness and accuracy, though substantive changes are excluded.
RBI proposes major governance reforms replacing rigid rules with principle-based guidance for bank Boards. The framework allows delegation to committees while ensuring Boards retain control over strategic and material decisions.
RBI proposes a comprehensive overhaul of TReDS guidelines to improve MSME liquidity and streamline receivables financing. The draft introduces simplified onboarding, credit guarantee access, and harmonised regulatory norms.
CBIC amends Notification 15/2023-Customs (ADD) to update producer name to DNE LASER (Guangdong) Co., Ltd. based on DGTR recommendation.
IFSCA has revamped reporting norms with updated formats and new intermediary categories. The circular mandates quarterly reporting and strengthens supervisory oversight.
The issue was whether an RVO could grant conditional enrolment to an unqualified applicant. The authority held that such enrolment violates valuation rules. The key takeaway is that only fully eligible candidates can be admitted.
The issue was the absence of a mechanism to enforce lock-in on pledged shares. SEBI introduced a “non-transferable” tagging system through depositories.
The issue involved enhancing the existing NPS Swasthya scheme. The circular introduces PoC 2 with revised features to improve flexibility and evaluate the scheme under varied conditions.
The company failed to form mandatory board committees for over four years. The authority held that each non-compliance attracts separate penalties.
The case involved incorrect filing of director designation in statutory records. The authority held that prolonged failure to rectify the error constituted a continuing default, attracting maximum penalty.
