“Compliance: where integrity meets accountability. Let’s Grow together in FY 2025-2026.”
G.V. and Associates, Company Secretaries & Advisory Solutionz (P) Ltd.
In this Issue (Updates for 01.10.2025 – 31.10.2025):
Compliance Calendar • Companies Act • Securities and Exchange Board of India • Reserve Bank of India • Income Tax & GST • Stock Exchange • Insolvency and Bankruptcy Board of India • Other Acts
Compliance Calendar For The Month Of November 2025
| Act | Form / Regulation (Reg) No. | Applicability | Due Dates |
|---|---|---|---|
| Companies Act, 2013 | AOC 4 | All companies registered under the Companies Act, 2013, except One Person Companies and small companies. | WITHIN 31.12.2025 |
| AOC-4 XBRL | Indian companies that are listed on a stock exchange and their Indian subsidiaries, or companies with paid-up capital of ₹5 crore or more, or companies with an annual turnover of ₹100 crore or more | WITHIN 31.12.2025 | |
| AOC 4 CFS | Indian companies with one or more subsidiaries or associates | WITHIN 31.12.2025 | |
| PAS – 6 | All Public Companies and Applicable Private Companies. | WITHIN 31.12.2025 | |
| MGT – 7 | All companies registered under the Companies Act, 2013 | WITHIN 31.12.2025 | |
| As per the MCA Circular dated 17.10.2025, the due date for filing Form AOC-4, AOC-4 XBRL, AOC-4 CFS, and MGT-7A has been extended till 31.12.2025 without any additional fee. | As per the MCA Circular dated 17.10.2025, the due date for filing Form AOC-4, AOC-4 XBRL, AOC-4 CFS, and MGT-7A has been extended till 31.12.2025 without any additional fee. | As per the MCA Circular dated 17.10.2025, the due date for filing Form AOC-4, AOC-4 XBRL, AOC-4 CFS, and MGT-7A has been extended till 31.12.2025 without any additional fee. | As per the MCA Circular dated 17.10.2025, the due date for filing Form AOC-4, AOC-4 XBRL, AOC-4 CFS, and MGT-7A has been extended till 31.12.2025 without any additional fee. |
| Foreign Exchange Management Act | ECB-2 | LLP & Company having ECB | WITHIN 07.11.2025 |
| SEBI (Listing Obligations<br>and Disclosure Requirements) | Reg 33 | All the Listed Companies | WITHIN<br>14.11.2025 |
| Income Tax | ITR for taxpayers liable to audit / having international/specified domestic transactions (Transfer Pricing cases) | Businesses/companies with TP/section 92E obligations | WITHIN<br>30.11.2025 |
| Income Tax | Return of Income for the Assessment Year 2025-26 | Companies, firms, and individuals whose accounts are required to be audited | WITHIN<br>10.12.2025 |
| The ‘specified date’ of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025- 26) | Companies, firms, and individuals whose accounts are required to be audited | WITHIN<br>10.11.2025 | |
| Goods and Services Tax | PMT‑06 (QRMP monthly payment) | Monthly tax payment for October 2025 by QRMP scheme taxpayers. | WITHIN<br>25.11.2025 |
| Goods and Services Tax | GSTR-5 & GSTR-6 | Non-resident taxable persons & ISDs for October 2025 | WITHIN 13.11.2025 |
| Goods and Services Tax | GSTR-7 & GSTR-8 | TDS & TCS under GST for October 2025. | WITHIN<br>10.11.2025 |
| Insolvency and Bankruptcy Board of India | Form VL | As may be Applicable | WITHIN 10.11.2025 |
| Insolvency and Bankruptcy Board of India | Form CP | As may be Applicable | WITHIN 10.11.2025 |
| Insolvency and Bankruptcy Board of India | Form LIQ | As may be Applicable | WITHIN 10.11.2025 |
Companies Act
Relaxation of additional fees and extension of time for filing of Financial Statements and Annual Returns under the Companies Act, 2013
- Ministry of Corporate Affairs has issued general circular no. 6/2025 dated October 17, 2025. According to the circular, the Ministry has revised the e-Forms MGT-7, MGT-7A, АОC-4, АОC-4 CFS, AOC-4 NBFC (Ind AS), AOC-4 CFS NBFC (Ind AS), AOC-4 (XBRL) for annual filings, which were deployed on the MCA-21 Version 3 portal recently. In view of the deployment of the new e-Forms, and considering that companies may require some time to get familiarized with the filing process, and keeping in view the requests received from various stakeholders, it has been decided that companies will be allowed to complete their annual filings pertaining to FY 2024-25 till 31st December, 2025 without payment of additional fees.
Source:https://www.mca.gov.in/bin/dms/getdocument?mds=lZq6ZzM2uLU5k38cgrQaxw%253D%253D&type=open
Relaxation of additional fees in filing of CRA-4 (Cost Audit Report in XBRL format)
- Ministry of Corporate Affairs has issued the general circular no. 07/2025 dated October 27, 2025. According to the circular, keeping in view the requests received from various stakeholders seeking extension of time for filing Cost Audit Report for the financial year ended on 31.03.2025 on account of deployment of new form on the MCA V3 portal, it has been decided that any filing of CRA-4 (Cost Audit Report in XBRL format) for the said Financial Year made up to 31.12.2025 would not attract payment of any additional fees. Any filings made subsequent to the currency of this General Circular would attract payment of all fees, including additional fees.
Source:https://www.mca.gov.in/bin/dms/getdocument?mds=LYrSgX96b948Rd4i8XXv6A%253D%253D&type=open
Establishment of RD/RoC offices and locations along with mentioned territorial jurisdictions
- The Ministry of Corporate Affairs (MCA) has issued notifications S.O 4849(E), S.O 4850(E), S.O 4851(E) and S.O 4852(E) dated October 27, 2025. According to the notifications, the MCA establishes the offices and locations of Regional Directors/Registrars of Companies having territorial jurisdiction as specified in the respective notifications for the purpose of registration of Companies/Limited Liability Partnerships and discharging the functions conferred upon them. The notifications shall come into force with effect from 1st January, 2026.
Source:https://www.mca.gov.in/bin/dms/getdocument?mds=EZ1JqosxVMGRDQuvn740IA%253D%253D&type=open
Extension for filing e-forms DIR-3-KYC and web-form DIR-3-KYC-WEB without filing fee up to 31.10.2025
- Ministry of Corporate Affairs has issued general circular no. 5/2025 dated October 15, 2025. The circular specifies, in continuation to this Ministry’s General Circular No. 04/2025 dated 29.09.2025, it has been decided to allow filing of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without filing fee up to 31st October, 2025.
Source:https://www.mca.gov.in/bin/dms/getdocument?mds=ArbNDMZUvMT2e5wbTZ8ClA%253D%253D&type=open
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2025
- In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 the Central Government notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2025. According to the Amendment Rules, 2025, Form No. IEPF-5 substituted by revised Form No. IEPF-5 (Application to the Authority for claiming unpaid amounts and shares out of Investor Education and Protection Fund) and which came into effect on October 6, 2025.
Source:https://www.mca.gov.in/bin/dms/getdocument?mds=w9Z1txvc4ZiLzPHWXVAI3w%253D%253D&type=open
Securities And Exchange Board Of India
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2025
- The Securities and Exchange Board of India (SEBI) vide its notification No. SEBI/LAD-NRO/GN/2025/270 dated October 22, 2025, has notified “the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2025” which shall come into force on the date of their publication in the Official Gazette.
- According to the amendment, in regulation 56, in the existing sub-regulation
- (1), the words “shall forward the following to the debenture trustee promptly” shall be substituted with the words and symbols, “shall, as soon as possible, and in any case not later than twenty-four hours from the occurrence of the event or receipt of information, unless otherwise specified, forward the following to the debenture trustee”.
Source: https://egazette.gov.in/(S(opk1bidmxgclse02kjhsujvh))/ViewPDF.aspx
The Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2025
- The Securities and Exchange Board of India (SEBI) vide its notification No. SEBI/LAD-NRO/GN/2025/269 dated October 22, 2025, has notified “the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2025” which shall come into force on the date of their publication in the Official Gazette. The amendment inter alia provides:
In regulation 2, the meaning of “Board” is specified by inserting a clause (aaa);
A new regulation 9C is inserted specifying “Permitted Activities” A debenture trustee may also undertake;
Regulation 14 is substituted;
A new Regulation 15A is inserted “Rights of debenture trustees exercisable to aid in performance of their duties, obligations, roles and responsibilities”.
Source: https://egazette.gov.in/(S(opk1bidmxgclse02kjhsujvh))/ViewPDF.aspx
Transfer of portfolios of clients (PMS business) by Portfolio Managers
- The SEBI has issued a circular dated October 24, 2025. According to the circular, as an initiative towards ease of doing business and for the purpose of simplification, it has been decided to allow transfer of PMS business. A Portfolio Manager shall transfer its PMS business only after obtaining prior approval from SEBI as per the mentioned process.
SEBI Circular-Review of Block Deal Framework
SEBI has issued circular SEBI/HO/MRD/POD-III/CIR/P/2025/134 dated October 08, 2025. According to the circular, paragraph 1.2 of Chapter 1 of SEBI Master Circular dated December 30, 2024 for “Stock Exchanges and Clearing Corporations” contains provisions with respect to the Block Deal Framework on the stock exchange platform. Based on the recommendations of the Working Group, deliberations in Secondary Market Advisory Committee of SEBI (SMAC) and public comments received, it has been decided to modify the existing Block Deal Framework.
Updates for Implementation of Section 51A of UAPA, 1967 (October 07, 2025)
- Clause 54 of the SEBI Master Circular Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and rules framed there under dated June 06, 2024 inter-alia states that ‘The Stock exchanges and the registered intermediaries shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention) Act, 1967 (UAPA) and amendments thereto, they do not have any accounts in the name of individuals/entities appearing in the lists of individuals and entities, suspected of having terrorist links, which are approved by and periodically circulated by the United Nations Security Council (UNSC)’. Stock Exchanges, Depositories, KRAs, AMFI, and registered intermediaries are advised to take note of the mentioned UNSC communication and ensure compliance.
SEBI rolls out “Validated UPI Handles” and “SEBI Check” for secure investor payments
- SEBI has issued press release PR No.64/2025 dated October 01, 2025. According to the press release the SEBI has announced, that the initiatives on Validated UPI Handles and SEBI Check are now live and available for investors. Validated UPI Handles: The UPI IDs of SEBI-registered investor-facing intermediaries will now carry the exclusive “@valid” handle, issued by NPCI, along with category-specific suffixes. SEBI Check Tool: To further empower investors, SEBI has developed a new functionality called “SEBI Check” to independently verify and confirm the authenticity of the bank account details and UPI IDs of SEBI registered intermediaries.
SEBI Releases Investor Survey 2025; Findings to Guide Inclusive and Responsible Investing
SEBI, along with the Association of Mutual Funds in India (AMFI) and Market Infrastructure Institutions (NSE, BSE, NSDL, CDSL), released the Investor Survey 2025, one of the largest household surveys of its kind. The nationwide survey, conducted by Kantar, covered over 90,000 households across 400 cities and 1,000 villages. Using both quantitative and qualitative methods, it captured insights from investors, non-investors, lapsers, intenders, and intermediaries to provide a comprehensive view of India’s investment ecosystem. The findings will guide SEBI’s policies towards inclusive and responsible investing.
- Ease of Doing Business – Rationalisation and Standardisation of Penalties on Stock Brokers
SEBI has decided to rationalize and standardise the penalty framework for levying penalties on stock brokers by stock exchanges. In the first phase, total 235 existing penalty items have been reviewed:
Penalties have been removed on 40 violations
Penalty for 105 minor procedural lapses has been termed as ‘financial disincentive’
Samuhik Prativedan Manch, a technology-based common reporting mechanism, has been implemented from August 01, 2025, enabling filing of common report at one stock exchange instead of at multiple exchanges to reduce compliance cost for stock brokers.
Minimum Information for Related Party Transactions – Clarification and Relaxation
SEBI issued circular on minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions. Based on representation received from Industry Standards Forum (ISF) and deliberations in the Advisory Committee on Listing Obligations and Disclosures (ACLOD), SEBI Board in its 211th meeting held on September 12, 2025 approved the proposal for relaxation. Various Paras of Section III-B of the Master Circular have been substituted/modified with an objective of facilitating ease of doing business by the listed entities. This circular came into effect immediately.
Reserve Bank Of India
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Seventh Amendment) Regulations, 2025
- According to the Amendment Regulations 2025, Regulation 5(CA) of Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 states that a person resident in India, being an exporter, may open, hold and maintain a Foreign Currency Account with a bank outside India, for realisation of full export value and advance remittance received by the exporter towards export of goods or services. Funds in this account may be utilised by the exporter for paying for its imports into India or repatriated into India within a specified period.
Source:https://egazette.gov.in/(S(rzdmkthol4cwuczkmatkwj0i))/ViewPDF.aspx
Facilitation of External Trade and Payments — Amendment to Regulations
- Statement on Developmental and Regulatory Policies announced on October 01, 2025, and as part of continuous efforts towards ‘facilitating external trade and payments’ the Reserve Bank has made amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015. AD banks in India and their overseas branches have been permitted to lend in Indian Rupees to persons resident in Bhutan, Nepal, and Sri Lanka, including banks in these jurisdictions, to facilitate cross border trade transactions.
Source:https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61419
RBI’s Verified WhatsApp Channel for Public Awareness (Addition of 2nd account)
Reserve Bank of India (RBI) has been conducting public awareness campaigns across various media such as print, television, radio, digital platforms, and text messages under the ‘RBI Kehta Hai’ (RBI Says) initiative. The Reserve Bank aims to make vital financial information more accessible to the public. Citizens can now receive official updates from the Reserve Bank of India over WhatsApp through the verified accounts 99309 91935 (being added) and 99990 41935 (already in use).
Source:https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61392
RBI Issues Draft Directions on Transaction Accounts and Credit Risk (October 1, 2025)
In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 1, 2025, RBI issued draft Directions for public comments covering:
Reserve Bank of India (Transaction Accounts) Directions, 2025 for Commercial Banks, Small Finance Banks, Regional Rural Banks, Local Area Banks, Urban & Rural Co-operative Banks, and Payments Banks
Guidelines on Enhancing Credit Supply for Large Borrowers through Market (Repeal Circular), 2025
Reserve Bank Of India (Basic Savings Bank Deposit Account) Directions, 2025
Comments invited till October 24, 2025. The comments/feedback may be submitted through the ‘Connect 2 Regulate’ Section available on the Reserve Bank’s website.
Source: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61344
RBI issues Draft Directions pursuant to Policy Announcement
In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the Reserve Bank of India (RBI) on October 27,2025 has issued the following draft Directions for public comments:
1. Draft Reserve Bank of India (Capital Market Exposure) Directions, 2025
i. Draft Reserve Bank of India (Commercial Banks – Capital Market Exposure) Directions, 2025
ii. Draft Reserve Bank of India (Small Finance Banks – Capital Market Exposure) Directions, 2025
- Draft ‘Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Amendment Directions, 2025’
- The comments on the draft guidelines are invited from public/stakeholders by November 21, 2025. The comments/ feedback may be submitted through the link under the ‘Connect2Regulate’ Section available on the Reserve Bank’s website. Comments may alternatively be forwarded to The Chief General Manager, Credit Risk Group, Department of Regulation, Central Office Reserve Bank of India, 12th/ 13th Floor Shahid Bhagat Singh Marg, Fort Mumbai – 400 001 or by email.
SOURCE:https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=61494
Income Tax And Goods And Services Tax
1. CBDT extends due date for furnishing Return of Income for the Assessment Year 2025-26 under the Income-tax Act, 1961 (the Act).
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October, 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December, 2025. The ‘specified date’ of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025- 26), in the case of assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, originally due on 30th September, 2025, was extended to 31st October, 2025. The Central Board of Direct Taxes has decided to further extend the said ‘specified date’ from 31st October, 2025 to 10th November, 2025.
2. Finance Minister announces GST benefits reaching end consumers; GST 2.0 reforms boost economy
Union Finance Minister Smt. Nirmala Sitharaman said that the Finance Ministry is closely monitoring the prices of 54 products to ensure that the benefits of the revised GST are reaching the end consumers and the Next-Gen GST benefits have been fully passed on across all 54 items. She further added that rate reduction, simplifying the process, bringing down number of slabs from four to two, and resolving classification-related issues have all been completed well before time.
She asserted that GST 2.0 reforms have given a major boost to the country’s economy, leading to record sales across key sectors such as electronics, automobiles, and consumer goods during the festival season.
Source: https://www.newsonair.gov.in/finance-minister-gst-benefits-fully-passed-on-across-54-products/
Insolvency And Bankruptcy Board Of India
Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025
on Process for
The Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, namely:
- Regulation 39C shall be omitted
- In the principal regulations, in regulation 39D, (i) in clause (a), after the words, number and mark “Companies Act, 2013;”, the word “and” shall be inserted. clause (b) shall be omitted.
- In the principal regulations, in Form H, in paragraph 15, point b shall be omitted. solution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. Insolvency and Bankruptcy Board of
SOURCE:https://ibbi.gov.in/uploads/legalframwork/f006fdcfd9cc35f461e320375809cbf3.pdf)
Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2025
In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, namely: –
- (i) These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2025.
- (ii) They shall come into force on the date of their publication in the Official Gazette and shall apply prospectively, i.e. to cases where liquidation by sale as going concern has not commenced.
- In the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (hereinafter referred to as ‘the principal regulations’), in regulation 31A, in sub-regulation (1), clause (f) shall be omitted.
- In the principal regulations, in regulation 32,
- in clause (c), after the mark “;”, the word “or” shall be inserted.
- in clause (d), for the mark “;” the mark “:” shall be substituted.
- clauses (e) and (f) shall be omitted. (iv) in the proviso, for the letter and symbol “(f)”, the letter and symbol “(d)”, shall be substituted.
- In the principal regulations, regulation 32A shall be omitted.
SOURCE:https://ibbi.gov.in/uploads/legalframwork/85d48cede86251c9446cf712d1812308.pdfAmendment) Regulations, 2025) Regulations, 2025.
Stock Exchanges
Imposition of Additional Margin
In pursuance to Point 7.15 of our consolidated circular no. 0123/2025 (Download reference no. NCL/COM/67788) dated April 30, 2025, and in continuation to circular no. 0333/2025 (Download reference no. NCL/COM/70914) dated October 22, 2025, as a risk containment measure, it is decided to levy an Additional Margin in Silver Futures contracts (all variants) and in Gold Futures contracts (all variants) as mentioned below:
SOURCE : https://www.nseindia.com/resources/exchange-communication-circulars#
Implementation of Operational Enhancements on RFQ Platform
Exchange has implemented below mentioned key operational enhancements to improve RFQ platform efficiency, transparency, and user experience as per SEBI direction and recommendations.
Brokers to execute ‘Brokered’ transactions on behalf of participants in OTM:
The manual option for participants to mark deals as ‘Brokered’ for One-to-Many (OTM) transactions has been removed. Henceforth, brokered transactions need to be executed by brokers on behalf of participants on the RFQ Platform in OTM mode. While participants can continue to execute ‘Direct’ transactions by themselves in OTM mode
Independent Yield Price Calculator Functionality:
- A yield-price calculator has been additionally introduced as a separate feature to facilitate seamless conversion between clean/dirty price and yield. Now participants can select any ISIN to generate corresponding yield and prices for the respective inputs.
Facility to upload client holdings – Risk Management:
- An optional facility has been made available for brokers under risk management to upload client holdings and cash positions to mitigate the risk of trade failures and short sales. Clients may selectively disclose relevant portions of their portfolio, thereby enabling brokers to execute trades with improved certainty.
Introduction of FIX API
- To further enhance connectivity and trading flexibility, the Exchange has introduced FIX API integration for the RFQ platform. While the existing RFQ API continues to be available, the newly launched FIX API offers an additional interface for seamless integration with global trading systems. The FIX API is currently available in the UAT environment for testing purposes, and market participants are encouraged to begin integration and validation as per their requirements. Both RFQ API and FIX API are available, giving participants the flexibility to choose based on their system needs.
SOURCE : https://www.nseindia.com/resources/exchange-communication-circulars#
Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Exchange and Member Committee
Actions under pre-approved policies will continue to be reviewed by the Member Committee (MC).
Actions taken by the MC (from meetings held after September 19, 2025) will now be reviewed by a Review Panel constituted by the Governing Board, comprising Public Interest Directors and/or Independent External Professionals.
Review/appeal/waiver requests must be filed within 45 days from the date of the Original Order/Action Letter, along with complete supporting documents.
A non-refundable fee of ₹10,000 + GST per request shall apply, payable to the Investor Protection Fund Trust of NSE.
Requests should be submitted via the Member Portal at https://enit.nseindia.com/MemberPortal/.
For queries, members may contact the Enforcement Department at dl-insp-enforcement@nse.co.in.
SOURCE : https://www.nseindia.com/resources/exchange-communication-circulars#
Other Acts
Key Provisions of Banking Laws (Amendment) Act, 2025 to Come into Effect from November 1, 2025 (October 23, 2025)
- The Banking Laws (Amendment) Act, 2025 was notified on 15th April 2025. The notification contains a total of 19 amendments across five legislations—the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955 and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980.
- Accordingly, the Central Government has notified that the provisions contained in **Sections 10, 11, 12 and 13** of the Banking Laws (Amendment) Act, 2025 shall come into force with effect from **1st November 2025**.
- The provisions now being brought into effect from 1st November 2025 through Sections 10, 11, 12 and 13 relate to nomination facilities in respect of deposit accounts, articles kept in safe custody, and the contents of safety lockers maintained with banks. The Act also provides for rationalisation of the tenure of directors, other than the Chairman and whole-time directors, in co-operative banks.
India to launch simplified GST registration from November 1 2025
- Union Finance Minister Nirmala Sitharaman on Friday October 24,2025 announced that a new GST registration system will be rolled out from November 1, 2025. The move is aimed at simplifying the registration process, particularly for small businesses and public sector entities. Under the new system, applicants identified as low-risk, including those whose monthly output tax liability is under Rs 2.5 lakh, will receive automatic registration approvals within three working days. This change is expected to benefit nearly 96 percent of new applicants, reducing delays and easing compliance burdens. The reform is part of the broader GST 2.0 initiative, which also includes a rationalised two-slab tax structure of 5 percent and 18 percent, with a 40 percent rate for luxury and sin goods. Other measures include streamlined filing processes, automated refunds, and risk-based audits to improve efficiency and ensure fair compliance. The new GST registration system is expected to significantly ease the process for small businesses and public sector units, supporting faster onboarding and fostering a more transparent and growth-oriented tax environment
Roadmap for Job Creation in the AI Economy
- In light of the fact that AI is reshaping the global economy, India stands at a critical juncture of either getting disrupted by this wave or lead it confidence with confidence and purpose. The choices made today will determine whether there is job loss in India’s tech sector by 2031 or create new, AI enabled opportunities for the youth. To help navigate this pivotal moment, NITI Aayog’s Frontier Tech Hub has developed a comprehensive roadmap using a Work-Worker-Workforce lens—showing how India can convert disruption into opportunity and become the AI workforce capital of the world.
NITI Aayog’s Women Entrepreneurship Platform and DP World launch ‘We Rise’ initiative to empower women entrepreneurs
- NITI Aayog’s Women Entrepreneurship Platform and DP World, announced a joint initiative ‘We Rise – Women Entrepreneurs Reimagining Inclusive and Sustainable Enterprises’. This programme under the aegis of WEP’s Award to Reward (ATR) initiative, aims to help women entrepreneurs in India to scale their businesses globally through trade facilitation, mentorship, and strategic partnerships. Under this ATR programme, women-led Micro, Small and Medium Enterprises (MSMEs) across India with high growth potential will be identified and mentored to expand globally. Using its global logistics network and trade expertise, DP World will collaborate with WEP to design interventions that enhance the export readiness of 100 women entrepreneurs, enabling them to meet global trade requirements and strengthen business capacity. Selected entrepreneurs will also have the opportunity to showcase their products at Bharat Mart in Dubai—a global B2B and B2C marketplace within the Jebel Ali Free Zone (Jafza), providing Indian businesses with access to international buyers.
Guidebook on Mapping of HSN Codes
The Guidebook on Mapping of Harmonized System of Nomenclature (HSN) Codes to Relevant Ministries/Departments, prepared by the Department for Promotion of Industry and Internal Trade (DPIIT), marks a transformative step in India’s manufacturing and trade policy framework. This initiative shall support the national vision of Viksit Bharat@2047, aiming to strengthen domestic manufacturing, enhance trade facilitation, and foster sector specific growth. The Guidebook maps over 12,000 HS codes to corresponding Ministries and Departments of the Government of India, based on a rigorous analysis of the Allocation of Business Rules (1961), the CBIC Tariff Manual, and extensive interministerial consultations. This mapping provides clarity on product ownership, enabling Ministries/Departments to formulate targeted policies, support trade negotiations, and engage more effectively with industry stakeholders.
New interest subvention scheme soon for MSME exporters
The government will soon unveil a revamped interest subvention scheme for exporters, under which it may extend a 3% interest subsidy to micro, small, and medium enterprises (MSMEs), instead of all exporters, sources told FE. This will be a key element of the support package for exporters in the wake of hefty tariffs on most Indian goods imposed by the US, the largest export market for the country.The scheme may run for the next five years.
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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.