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.
PFRDAs 2026 amendment redefines the assets of the National Pension System Trust, expressly covering subscriber funds, securities, and other investments. The change provides greater clarity on the assets held by the Trust on behalf of NPS subscribers.
RBI amended governance rules for Rural Co-operative Banks after observing that some directors were briefly resigning and returning to Boards to bypass statutory tenure restrictions. The new rules impose a mandatory three-year cooling-off period after ten years of continuous service.
RBI amended governance rules for Urban Co-operative Banks after finding directors briefly resigning and rejoining boards to bypass tenure limits. The new directions mandate a three-year cooling-off period after completion of ten years’ continuous tenure.
The West Bengal GST Department ruled that intra-State movement of goods related to job work remains exempt from e-way bill generation even if consignment value exceeds Rs. 50,000. The circular provides practical illustrations for better compliance understanding.
FSSAI has amended the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, 2011 by removing clause (8) of sub-regulation 2.3.14. The amendment takes effect from the date of publication in the Official Gazette.
The Ministry of Corporate Affairs has notified the commencement of major provisions of the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The notification operationalises multiple procedural and substantive insolvency reforms with effect from 26 May 2026.
