“Board decisions are time bound. A Company Secretary makes them law-bound”
G.V. and Associates, Company Secretaries & Advisory Solutionz (P) Ltd.
In this Issue (Updates for 01.07.2026 – 31.07.2026):
Compliance Calendar – Companies Act – Securities and Exchange Board of India (SEBI) – Reserve Bank of India (RBI) – Income Tax and GST – Insolvency and Bankruptcy Code (IBC) – Stock Exchanges – Other Acts
Compliance Calendar For The Month Of August 2026
| Act | Form / Regulation (Reg) No. | Applicability | Due Dates |
|---|---|---|---|
| Companies Act, 2013 | Companies Compliance Facilitation Scheme, 2026 | Companies having pending statutory filings | WITHIN 31.08.2026 |
| Foreign Exchange Management Act | ECB-2 | LLP & Company having ECB | WITHIN 07.08.2026 |
| SEBI (Listing Obligations and Disclosure Requirements) | Reg. 32(1) | All the Listed Entities as raised funds through a public issue, rights issue, preferential issue, QIP, etc., and the proceeds are yet to be fully utilized | WITHIN 14.08.2026 |
| SEBI (Listing Obligations and Disclosure Requirements) | Reg. 23(9) | Applicable to listed entities to which Regulation 23 applies, including Main Board listed companies. | WITHIN 14.08.2026 |
| SEBI (Listing Obligations and Disclosure Requirements) | Reg. 33(3)(a) | Applicable to all equity listed entities on the Main Board | WITHIN 14.08.2026 |
| Insolvency and Bankruptcy Board of India | Form VL | As may be Applicable | WITHIN 10.08.2026 |
| Insolvency and Bankruptcy Board of India | Form CP | As may be Applicable | WITHIN 10.08.2026 |
| Insolvency and Bankruptcy Board of India | Form LIQ | As may be Applicable | WITHIN 10.08.2026 |
Companies Act
Extension of Companies Compliance Facilitation Scheme, 2026
The Ministry of Corporate Affairs had introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) to provide an opportunity to companies to complete pending statutory filings. The Scheme is presently valid up to July 15, 2026. In view of the capacity enhancement/restoration activities being done at data center consequent to a fire incident on 05.06.2026, it has been decided to extend the validity of the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) up to August 31, 2026.
Source: https://www.mca.gov.in/content/mca/global/en/home.html
Invitation of Stakeholder Suggestions on the Integrated Platform for Insolvency Ecosystem (iPIE)
The Ministry of Corporate Affairs is undertaking the development of the Integrated Platform for Insolvency Ecosystem (iPIE), as a unified digital platform that brings together the various stakeholders, processes and technology systems operating under the Insolvency and Bankruptcy Code, 2016 by integrating multiple business processes and digital services into a common technology framework with the objective of providing seamless, secure and transparent user experience across the insolvency lifecycle. Recognizing that the success of such a platform depends upon the active participation of all stakeholders, MCA invited suggestions from professionals, institutions, industry, and academia to help shape the design and functionality of the iPIE platform.
Source: https://www.mca.gov.in/bin/dms/getdocument?mds=37NjS3UXZnirFBJA5n%252BkCw%253D%253D&type=open
Securities And Exchange Board Of India
SEBI (Buy-Back of Securities) (Amendment) Regulations, 2026
SEBI has notified the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2026 which shall come into force on August 1, 2026. SEBI amended the SEBI (Buy-back of Securities) Regulations, 2018 to reintroduce open market buy-back through stock exchanges in light of the revision in taxation framework. Vide this notification it is provided that with effect from August 1, 2026, the buy-back from the open market through the stock exchange shall be less than fifteen per cent of the paid up capital and free reserves of the company, based on both standalone and consolidated financial statements. Further provided that, a company shall not propose any offer of buy-back of shares or other specified securities that results in the breach of the minimum public shareholding requirements prescribed under the Securities Contracts (Regulation) Rules, 1957 or specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Reserve Bank Of India
Reserve Bank convened third Annual Conference of Internal Ombudsmen
The Reserve Bank of India (RBI) organised the third annual conference of Internal Ombudsmen (IO) on July 13, 2026, in Mumbai. The Internal Ombudsman serves as the final independent level of review within a regulated entity for customer complaints that have not been fully resolved, before the customer approaches the RBI Ombudsman or another external forum. The Conference brought together IOs from across a representative spectrum of regulated entities including banks, nonbanking financial companies (NBFCs), credit information companies (CICs) and other regulated entities, along with the Managing Directors and Chief Executive Officers, Executive Directors in charge of customer service, Principal Nodal Officers as well as RBI Ombudsmen and senior officials of the Reserve Bank. The Conference sessions covered recent grievance redress developments, regulatory expectations, and RBI Ombudsman insights, focusing on faster, higher-quality resolutions and systemic improvements to prevent avoidable escalations.
Source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63137
Income Tax And Goods And Services Tax
CBDT Enhances AIS with Foreign Asset & Income Information.
The Central Board of Direct Taxes (CBDT) has introduced a taxpayer-friendly enhancement to the Annual Information Statement (AIS) by displaying information on foreign assets and income received under the Automatic Exchange of Information (AEOI) framework. This initiative aims to help taxpayers accurately report foreign assets and overseas income in their Income-tax Returns and promote voluntary tax compliance.
Currently, the AIS includes AEOI information for Calendar Years 2022, 2023 and 2024, with data for Calendar Year 2025 expected to be available in September/October 2026. The information may include details of foreign bank accounts, custodial accounts, financial investments, interest, dividends and other specified foreign income received from over 100 partner jurisdictions.
Taxpayers should note that the information reflected in the AIS is not exhaustive and must continue to disclose all foreign assets and foreign-source income in Schedule FA and Schedule FSI of their Income-tax Return, irrespective of whether such details appear in the AIS. The information is securely accessible only to the concerned taxpayer through the Income Tax e-Filing portal.
Source: https://www.incometax.gov.in/iec/foportal/sites/default/files/2026-07/Annexure.pdf
Advisory on Revision of Timeline for Amendment of Aggregate Annual Turnover (AATO), 2026
Aggregate Annual Turnover (AATO) functionality is currently being upgraded to enable automatic updation of AATO as subsequent returns are filed post amendment window. As this enhanced functionality is being deployed from 1st July 2026, the window for amendment of AATO by taxpayers for FY 2025-26 has been revised on the GST Portal.
GSTN had earlier issued an advisory dated 02 May 2022 regarding the functionality for amendment of Aggregate Annual Turnover (AATO) on the GST Portal, which was applicable for AATO till FY 2024-25. Under the said advisory, taxpayers were provided the facility to amend their turnover during the month of May.
In continuation thereof, it is informed that the timelines for submission of amendment applications and verification of amended AATO details by Tax Officers, in respect of FY 2025-26, have been revised.
To ensure greater consistency, accuracy, and uniformity in the reporting of AATO across various modules of the GST Portal, certain system-level enhancements are being implemented. Consequently, the revised timelines for amendment of AATO for FY 2025-26 by the taxpayers and subsequent action by the tax officers are as under:
| Activity | Timeline |
|---|---|
| AATO Amendment Application window for FY 2025-26 | 01 July to 31 July 2026 |
| Review by jurisdictional Tax officer | 01 Aug to 15 Aug 2026 |
Accordingly, the facility for amendment of AATO, which was earlier available during May as per the previous advisory, shall now be made available from 01 July to 31 July 2026 for FY 2025-26. The amended AATO details will be available for review of Tax Officers from 01 Aug to 15 Aug.
All taxpayers are requested to take note of the revised timelines and carefully review the AATO details while submitting the amendment application and ensuring that the amended details are accurate before submission.
Source: https://www.gst.gov.in/newsandupdates/read/6663
Insolvency And Bankruptcy Code, 2016
IBBI publishes syllabus for Phase 10 of Limited Insolvency Examination
Insolvency and Bankruptcy Board of India (IBBI) conducts the Limited Insolvency Examination (LIE) in pursuance of regulation 3 of the IBBI (Insolvency Professionals) Regulations, 2016, for prospective Insolvency Professionals. The IBBI commenced the LIE on 31st December 2016. The examination has undergone periodic revisions to ensure that it reflects the latest legislative and regulatory developments and the competencies required of Insolvency Professionals. The said Regulations, inter alia, empower the IBBI to determine the syllabus of the LIE, which shall be published on the website of the Board at least three months before the examination. Accordingly, the IBBI has approved and published the syllabus for Phase 10 of the Limited Insolvency Examination. The revised syllabus shall be applicable to examinations conducted with effect from 1st October 2026.
Source: https://ibbi.gov.in/uploads/press/f1a72d222b9401a37f66f463e6dbe60d.pdf
IBBI Panel of IPs and IPEs for appointment as IRP, liquidator, RP and BT under IBC
IBBI has released the panel of Insolvency Professionals (IPs) and Insolvency Professional Entities (IPEs) prepared in accordance with "Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2026" for the period July 1 to December 31, 2026. The said panel of IPs and IPEs is for appointment as Interim Resolution Professional (IRP) in a Corporate Insolvency Resolution Process (CIRP) under section 16(4), Liquidator in a liquidation process under section 34(6), Resolution Professional (RP) in an individual insolvency resolution process under section 97(4) or 98(3), and Bankruptcy Trustee (BT) under section 125(4), 146(3) or 147(3) of the Insolvency and Bankruptcy Code, 2016, by Adjudicating Authority. The panel includes 959 individual IPs and 61 Insolvency Professional Entities (IPEs) registered as IPs.
Source: https://ibbi.gov.in/
Stock Exchanges
NSE signs strategic collaboration with Augmont to strengthen India's Electronic Gold Receipts (EGR) ecosystem
National Stock Exchange of India (NSE) has entered into a strategic collaboration with Augmont Enterprises Limited, one of India's leading integrated gold platforms, to support the development and growth of the Electronic Gold Receipts (EGR) ecosystem in India. The collaboration aims to strengthen the exchange-regulated spot gold market by leveraging Augmont's capabilities in EGR creation, redemption, liquidity provision, delivery and price discovery. Through this partnership, the two organisations will work towards increasing market participation, improving liquidity and facilitating the adoption of EGRs among investors, jewellers and other market participants. Electronic Gold Receipts, launched by NSE on 4 May 2026, enable physical gold to be converted into exchange-traded, dematerialised securities held in investors' demat accounts. EGRs facilitate transparent price discovery, physical redemption and the ability to lend gold through the exchange framework. India is estimated to hold approximately 30,000–35,000 tonnes of gold in private hands. EGRs provide a regulated mechanism to bring this gold into the formal financial system by enabling investors to hold, trade, pledge, redeem and lend gold through the exchange ecosystem. Through the Securities Lending and Borrowing (SLB) mechanism, EGR holders can lend their gold to jewellery manufacturers while retaining ownership and market price exposure. The development of a domestic EGR market also has the potential to reduce reliance on imported bullion. Gold imports reached approximately USD 71.98 billion during FY26. By facilitating the mobilisation of domestically held gold through a regulated exchange framework, EGRs can help improve the efficiency of the gold value chain while supporting India's broader economic objectives.
Source: https://nsearchives.nseindia.com//web/pressrelease/202607/PR_cc_15072026_20260715123230.pdf
Other Acts
Government Reiterates Legal Obligations of OTT Platforms and Social Media Under IT Rules
The Government has notified the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 under the Information Technology Act, 2000. Part III of these Rules provide for publishers of online curated content (OTT platforms) which, inter alia, require the publishers not to transmit any content which is prohibited by law for the time being in force. For the user generated content on intermediary platforms, Part-II of IT Rules, 2021, casts specific due diligence obligations on intermediaries, including social media intermediaries. They should make reasonable efforts by themselves and to cause the users of their computer resource to not display, upload, host, store, transmit, display or publish any such information that is unlawful.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2288881®=48&lang=1
Empowering MSME Ecosystem: Advancing Commercial Dispute Resolution through a National ODR Framework
Micro, Small and Medium Enterprises (MSME) are the backbone of India's economy, driving entrepreneurship, creating jobs and contributing to inclusive growth. Recognising the need for a faster and more efficient way to resolve commercial disputes, the Ministry of Micro, Small and Medium Enterprises has launched the MSME Online Dispute Resolution (ODR) Portal. The Portal provides a simple, transparent and cost-effective digital platform for resolving commercial disputes, particularly delayed payment issues. By reducing dependence on lengthy litigation, it enables quicker settlements, helps businesses maintain healthy cash flows and strengthens trust between buyers and suppliers. In addition to serving as a dispute resolution platform, the MSME ODR Portal encourages dialogue and collaboration. It helps businesses settle disputes amicably through negotiation, mediation and mutual agreement, preserving long-term commercial relationships and allowing entrepreneurs to focus on growing their businesses instead of pursuing prolonged legal proceedings.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2288881®=48&lang=1
Ministry of MSME implements the Credit Guarantee Scheme (CGS) for Micro and Small Enterprises (MSEs) to provide credit guarantees for the credit facilities extended to MSEs.
The Ministry of Micro, Small and Medium Enterprise (MSME) implemented Credit Guarantee Scheme (CGS) for Micro Small Enterprises (MSEs) through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to provide credit guarantees for the credit facilities extended to MSEs, including first-generation entrepreneurs, women-led enterprises, and units located in backward districts, without collateral security or third-party guarantees, across the Country. Measures taken by the Government to improve credit flow and enhance awareness of the CGTMSE scheme among MSEs include:
- The guarantee ceiling for the loan extended under CGS was enhanced from Rs. 5 crores to Rs. 10 crore w.e.f 01.04.2025.
- Enhanced extent of guarantee for MSEs led by special category including women led MSEs.
- As per Reserve Bank of India’s Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector dated 09.02.2026, all Scheduled Commercial Banks are mandated not to accept collateral security in the case of loans up to Rs.20 lakh extended to units in the MSE sector.
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2288366®=48&lang=1
Disclaimer: This newsletter is prepared by G.V. and Associates, Company Secretaries & Advisory Solutionz (P) Ltd. for knowledge sharing and compliance awareness. It does not constitute legal opinion or formal advisory.