Everything a finance person must know - re-brewed every 10 minutes
A little-known investment entity has submitted a rescue offer to acquire Poundland. The retailer currently faces potential collapse. Financial professionals should monitor the restructuring process.
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The Securities and Exchange Board of India has relaxed digital verification requirements for Non-Resident Indians and foreign investors. This regulatory change aims to simplify onboarding processes for international participants in Indian capital markets. Finance professionals must update their compliance onboarding checklists accordingly.
Effective Not specified in the update
For professionals: Review current onboarding protocols and integrate the updated digital verification pathways into client intake procedures. · Keep track of subsequent operational guidelines issued by intermediaries or registered KYC registration agencies.
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The Insurance Regulatory and Development Authority of India has unveiled a four-layer motor insurance framework effective December 15. The system reorganizes policy structures to enhance consumer clarity and coverage evaluation. Industry practitioners need to align product offerings with this new regulatory mandate.
Effective December 15
For professionals: Examine the updated structural requirements and update product catalogs before the effective date. · Monitor circulars for specific filing formats and compliance disclosures. · Ensure client portfolios and motor policy schedules comply with the new tiered framework.
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The Ministry of Corporate Affairs has expanded direct listing regulations to include convertible debentures, preference shares, IFSC companies, and negative net worth issuers in 2026. This amendment broadens capital-raising avenues within the International Financial Services Centre. Corporate legal teams must review the updated eligibility parameters.
Effective 2026
For professionals: Evaluate the expanded eligibility criteria to determine if client entities qualify for cross-border listings under the updated provisions. · Track subsequent notifications from regulatory bodies detailing filing procedures.
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The Central Board of Direct Taxes has issued Notification 141/2026 exempting eligible International Financial Services Centre aircraft leasing dividend payments from tax deduction at source, conditional upon filing Form 1(N) starting April 1, 2026. This exemption reduces tax friction for leasing entities. Finance teams must ensure timely compliance.
Effective April 1, 2026
For professionals: Verify that client entities satisfy all eligibility criteria for IFSC aircraft leasing companies. · Prepare internal systems to file Form 1(N) prior to the effective date. · Monitor administrative circulars for procedural clarifications.
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The International Financial Services Centres Authority has mandated monthly, quarterly, and annual reporting schedules, compliance certificates, and financial disclosures for tech finance, global in-house centers, and service providers. Entities must streamline their internal reporting mechanisms. Compliance heads need to review these operational guidelines.
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Tax regulations outline specific holding parameters for cash, gold, and silver kept at home without triggering department scrutiny. Understanding these limits helps taxpayers prepare documentation for valuable possessions before festive seasons. Individuals should maintain purchase bills to justify holdings.
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This overview details the legal framework governing tax evasion in India under the Income-tax Act 2025. It covers specific provisions including Sections 276C and 276CC, along with relevant penalties, criminal prosecutions, and landmark Supreme Court rulings.
Effective Not specified in the update
For professionals: Practitioners must maintain meticulous audit trails and verify taxpayer disclosures against statutory thresholds. Advisers need to monitor Supreme Court interpretations of willful tax default to prevent inadvertent client exposure to prosecution. The framework utilizes Sections 276C and 276CC of the Income-tax Act 2025 alongside the Prevention of Money Laundering Act (PMLA).
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The Securities and Exchange Board of India has shortened the offer for sale cooling-off period for illiquid privately listed infrastructure investment trusts from 12 weeks down to 8 weeks. This regulatory modification becomes effective on November 2, 2026.
Effective November 2, 2026
For professionals: Review transaction timelines and update issuance schedules for privately listed InvIT portfolios to align with the new 8-week cooling-off requirement. · Consult legal advisors regarding execution steps for divesting holdings in illiquid investment vehicles under the revised policy. · Track subsequent SEBI notifications regarding alternative investment structures for ongoing regulatory alignment.
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Revised Goods and Services Tax regulations governing post-sale discounts take effect on November 1, 2026. The updates impact Section 15(3)(b) provisions, Section 34 credit notes, and mandate corresponding buyer input tax credit reversals.
Effective November 1, 2026
For professionals: Revise invoicing systems and establish seamless reconciliation processes between supplier credit notes and buyer input tax credit reversals under Section 15(3)(b) and Section 34. Advise corporate clients on meticulous documentation and track official portal advisories and clarification circulars regarding discount adjustments. · Ensure buyers systematically reverse their claimed tax credits proportionally following the issuance of credit notes by suppliers for post-supply price adjustments.
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The FAST-DS 2026 framework establishes specific monetary limits of Rs 1 crore and Rs 5 crore alongside a 60% tax rate and a Rs 1 lakh fee. The scheme introduces foreign asset valuation guidelines, Forms 1 through 4, legal immunity, and potential FEMA exposures.
Effective Not specified in the update
For professionals: Review the applicability of the Rs 1 crore and Rs 5 crore limits for corporate and individual clients. · Prepare Forms 1 through 4 accurately and evaluate potential Foreign Exchange Management Act risks before submission. · Monitor clarifications regarding foreign asset valuation methods.
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The Bankers’ Books Evidence Act 2026 introduces updated provisions under Sections 3, 5, 7, and 9 governing electronic bank statement certificates and court admissibility. These changes alter practical compliance standards for legal and financial documentation.
Effective Not specified in the update
For professionals: Update document retrieval protocols to align with the Bankers’ Books Evidence Act 2026. · Ensure electronic bank certificates comply with the exact statutory wording of Sections 3 through 9. · Brief clients on maintaining verifiable audit trails for digital banking infrastructures. · Review modifications across Sections 3, 5, 7, and 9 regarding electronic bank statement certificates and their admissibility in court.
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