The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research purposes. The approval remains valid from AY 2026-27 to AY 2030-31 and enables tax benefits linked to scientific research.
RBI amended the capital adequacy norms for Small Finance Banks by revising provisions governing inclusion of quarterly profits in CET1 capital. The new framework prescribes audit requirements and a revised profit eligibility formula.
RBI amended the capital adequacy norms for Payments Banks by revising rules for inclusion of quarterly profits in CET1 capital. The new framework allows quarterly profit recognition subject to audit and prescribed deductions.
The amended directions permit commercial banks to recognize current year profits for CRAR calculations on a quarterly basis. RBI also prescribed audit and limited review requirements for such recognition.
The notification revises the 2021 Compulsory Registration Order by specifically covering standalone hard disk drives under the prescribed safety standards. The amended requirements will apply from 05 November 2026.
The IFSCA amended the Finance Company Regulations, 2021 to permit Special Purpose Vehicles (SPVs) to undertake leasing and financing activities. The amendment also prescribes minimum fund requirements and grants exemptions from certain regulations.
IFSCA amended its TechFin and Ancillary Services Regulations to create a separate regulatory framework for Trust and Company Services Providers in IFSCs. The amendment introduces registration, governance, compliance, and reporting requirements for TCSP entities.
The issue involved foreign investment limits in the insurance sector under FEMA regulations. The amendment allows up to 100% FDI under the automatic route, subject to regulatory compliance. The change aims to boost foreign participation while ensuring oversight.
The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval for such investments, including indirect ownership. The ruling strengthens scrutiny to safeguard national interests.
DGFT revised the RoDTEP schedule to reflect amendments in the Customs Tariff Act. The update ensures consistency between export incentives and tariff classifications.
