“Good governance begins where compliance becomes a culture, not merely an obligation.”
G.V. and Associates, Company Secretaries & Advisory Solutionz (P) Ltd.
In this Issue (Updates for 01.09.2025 – 30.09.2025):
Compliance Calendar • Companies Act • Securities and Exchange Board of India • Reserve Bank of India • Stock Exchanges • Income Tax • Insolvency and Bankruptcy Board of India • Other Acts
Compliance Calendar For The Month Of September 2025
| Act | Form /<br>Regulation (Reg) No./ Description | Applicability | Due Dates |
|---|---|---|---|
| Companies Act, 2013 and LLP Act, 2008 | DIR-3 KYC : | Every Individual having DIN/DPIN | WITHIN 30.09.2025 |
| !!! Your Kind attention Please !!!<br>Please note that as per Section 96 of Companies Act, 2013, all companies must conduct Annual General Meeting () on or before 30.09.2025.<br>A Board Meeting should be Convened for the Quarter July to September 2025 | !!! Your Kind attention Please !!!<br>Please note that as per Section 96 of Companies Act, 2013, all companies must conduct Annual General Meeting () on or before 30.09.2025.<br>A Board Meeting should be Convened for the Quarter July to September 2025 | !!! Your Kind attention Please !!!<br>Please note that as per Section 96 of Companies Act, 2013, all companies must conduct Annual General Meeting () on or before 30.09.2025.<br>A Board Meeting should be Convened for the Quarter July to September 2025 | !!! Your Kind attention Please !!!<br>Please note that as per Section 96 of Companies Act, 2013, all companies must conduct Annual General Meeting () on or before 30.09.2025.<br>A Board Meeting should be Convened for the Quarter July to September 2025 |
| Foreign Exchange Management Act | ECB-2 | LLP & Company having ECB | WITHIN 07.09.2025 |
| Insolvency and Bankruptcy Board of India | Form VL | As may be Applicable | WITHIN 10.09.2025 |
| Insolvency and Bankruptcy Board of India | Form CP | As may be Applicable | WITHIN 10.09.2025 |
| Insolvency and Bankruptcy Board of India | Form LIQ | As may be Applicable | WITHIN 10.09.2025 |
| Income tax | Advance Tax – 2nd Installment | All assessees with tax liability > ₹10,000 (except those under 44AD/44ADA) | WITHIN 15.09.2025 |
| Income Tax Return Filing under Section 139 | Individuals, HUFs, companies, firms | WITHIN 15.09.2025 |
Companies Act
Mandatory Filing of Form IEPF-1A with Prescribed Excel Template under Rule 5 (4A) of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016
The Investor Education and Protection Fund Authority (IEPFA), in exercise of its regulatory mandate under the Companies Act, 2013, had directed all concerned companies to ensure strict compliance with the provisions of Rule 5 (4A) of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016 (Rules). The due date for this compliance was 60 days from the date of the Notification dated August 20, 2019. The Authority has observed that despite multiple instructions and adequate time provided, over 3,000 companies (comprising 1758 listed and 1103 unlisted companies) have not filed Form IEPF1A or have submitted statements in non-compliant formats. As the IEPFA has moved to MCA21 V3, companies that have not filed Form IEPF1A along with the prescribed Excel template may do so within 30 days of the issue of this notice. Companies are hereby informed that failure to comply with the above directive on or before August 30, 2025 shall attract regulatory action under the provisions of the Companies Act, 2013.
SOURCE:https://www.mca.gov.in/bin/dms/getdocument?mds=ZkYaeYgDPhIR81odhllWjA%253D%253D&type=open
The Companies (Indian Accounting Standards) Second Amendment Rules, 2025
The Ministry of Corporate Affairs (MCA) vide its notification G.S.R 549(E) dated August 13, 2025, has notified “the Companies (Indian Accounting Standards) Second Amendment Rules, 2025” which has come into force with effect from date of publication in the official gazette. The amendment brings change in various Indian Accounting Standards by way of providing clarity or introducing new disclosures.
SOURCE:https://www.mca.gov.in/bin/dms/getdocument?mds=wRDrrfaJaL%252F2cThrSUigXg%253D%253D&type=open
Ministry of Corporate Affairs IEPFA Opens Three Niveshak Seva Kendras in Hyderabad, Two more centres to be operational soon
- The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, in collaboration with SEBI, CDSL, NSDL, BSE and NSE, has successfully opened three Niveshak Seva Kendras in Hyderabad. The centre, which commenced operations on August 16 2025, marks a significant step towards strengthening investor protection and ensuring faster, hassle-free services for investors. The Niveshak Seva Kendras have been set up to provide faster, easier and more accessible solutions to investors, particularly in matters related to unclaimed dividends and KYC/nomination updates.
SOURCE: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2158540
Securities And Exchange Board Of India
Rights of Persons with Disabilities Act, 2016 and rules made thereunder-mandatory compliance by all Regulated Entities
- To protect the rights and dignity of persons with disabilities and ensure their full and effective participation in securities market, it is necessary to provide for their access to Digital Platforms of SEBI Regulated Entities. In order to facilitate such accessibility, it is mandated that all Digital Platforms of SEBI registered/ recognized intermediaries and Market Infrastructure Institutions (Collectively termed as Regulated Entity) shall be compliant with the provisions of the Rights of Persons with Disabilities Act, 2016 and corresponding rules. It is further provided that REs shall provide updates on the status of implementation of accessibility provisions on all this Digital Platforms.
SEBI (Research Analysts) (Amendment) Regulations, 2025
- SEBI has notified the SEBI (Research Analysts) (Amendment) Regulations, 2025 which shall come into force on the date of their publication in the Official Gazette. Vide this notification, the amendment in regulation 8 of the SEBI (Research Analysts) Regulations, 2014 has been made specifying the provisions pertaining to deposits. It is inter alia provided that deposit shall be marked as lien in favour of a body or body corporate recognised by SEBI for the purpose of administration and supervision of research analysts. Provided that the deposit shall be available for utilization in case the research analyst fails to pay the dues emanating out of arbitration and conciliation proceedings, if any, under the Online Dispute Resolution Mechanism or such other mechanism as may be specified by the SEBI.
SOURCE : https://egazette.gov.in/(S(ecdklm0uo05wvvvmn3ncz3vt))/ViewPDF.aspx
SEBI (Investment Advisers) (Amendment) Regulations, 2025
- SEBI has notified the SEBI (Investment Advisers) (Amendment) Regulations, 2025 which shall come into force on the date of their publication in the Official Gazette. Vide this notification, the amendment in regulation 8 of the SEBI (Investment Advisers) Regulations, 2013 has been made specifying the provisions pertaining to deposits. It is inter alia provided that deposit shall be marked as lien in favour of a body or body corporate recognised by SEBI for the purpose of administration and supervision of Investment Advisers. Provided that the deposit shall be available for utilization in case the investment advisers fails to pay the dues emanating out of arbitration and conciliation proceedings, if any, under the Online Dispute Resolution Mechanism or such other mechanism as may be specified by the SEBI.
SOURCE: https://egazette.gov.in/(S(tl3fjmvumg2vmwrjkrpuraqa))/ViewPDF.aspx
Transaction charges paid to Mutual Fund Distributors
- Paragraph 10.5 read with paragraph 10.4.1.b of SEBI Master Circular for Mutual Funds dated June 27, 2024 (Master Circular) allows AMCs to pay to the distributor transaction charges, subject to a minimum subscription amount of INR 10,000/-brought in by such distributors. The public consultation on the captioned subject matter was carried out in May 2023followed by an industry consultation in June 2025. Based on the feedback received from the industry and considering that distributors as agents of AMCs are entitled to be remunerated by the AMCs, the charges or commission, as prescribed under the paragraph 10.4.1.b and paragraph 10.5 of Master Circular, shall be done away with. Accordingly, paragraphs 10.4.1.b and 10.5 of Master Circular stands deleted.
Review of Framework for conversion of Private Listed InvIT into Public InvIT
Chapter 14 of the Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024(“Master Circular”) provides the framework for conversion of private listed InvIT into public InvIT.
After taking suggestions from market participants to review the aforementioned framework. Based on the same and recommendations of the Hybrid Securities Advisory Committee (“HySAC”), the following changes are made in Chapter 14 of the Master Circular
It streamlined the requirements pertaining to minimum contribution from the sponsor(s) and sponsor group(s) in the public issue of units for conversion of a private listed InvIT into a public InvIT. For Further information please tap the link given below
SOURCE: https://egazette.gov.in/(S(yvpoafyarfuy2kjgs3icj2d5))/ViewPDF.aspx
Advisory Against investment in Fraudulent Trading Schemes claiming to be offered to Indian residents by FPIs (August 22, 2025)
- SEBI advises investors to exercise caution when dealing with social media messages, WhatsApp groups, Telegram channels, or apps claiming to offer stock market access through Foreign Portfolio Investors (FPIs) or Foreign Institutional Investors (FIIs). These schemes are fraudulent and do not have SEBI’s endorsement. Be wary of claims such as:
- Institutional trading account
- IPOs at discounted price
- Guaranteed allotment in IPO
- Ability to participate in Anchor book
- Block Trade at discounted price
- The FPI investment route is unavailable to resident Indians, with limited exceptions as outlined in the SEBI (Foreign Portfolio Investors) Regulations, 2019. It is advised to verify the registration status of entities on SEBI’s website before investing and use only authentic trading apps from SEBI-registered intermediaries.
Relaxation in timeline to submit net worth certificate by Stock Brokers to offer margin trading facility to their clients
In order to be eligible to offer the margin trading facility to their clients, the Stock Brokers are required to submit to the stock exchange(s) a half-yearly certificate, as on March 31 and September 30 of each year, from an auditor confirming the net worth. Such a certificate shall be submitted not later than April 30 and October 31 of every year in accordance with the Chapter 1 of the Master Circular for Stock Exchanges and Clearing Corporations (SECC) dated December 30, 2024. Based on representations received from market participants and with a view to promote ease of doing business, SEBI has harmonized the timelines for the Stock Brokers to submit the net worth certificate under the aforesaid Master Circular with the timelines for declaration of the financial results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. Accordingly, in order to be eligible to offer the margin trading facility to their clients, the Stock Brokers are now required to submit the certificate within 45 days from the half year ended on September 30 and within 60 days from the half year ended on March 31.
Reserve Bank Of India And FEMA
NABARD and RBI Promote Rural Financial Literacy through various initiatives
- National Bank for Agriculture and Rural Development (NABARD) and Reserve Bank of India (RBI) undertook various initiatives to promote financial literacy and awareness of rural population, including microfinance borrowers. This same has been promoted through following initiatives:
- By providing financial support for conduct of Financial and Digital Literacy Camps through rural bank branches and Financial Literacy Centers (FLCs) in areas with limited awareness. These programs involved creating awareness on various banking products, social security schemes of Government of India, digital banking, mobile banking, cyber security, etc.
- ii. Centre for Financial Literacy (CFL) Project has been initiated by RBI since 2017 with an objective to adopt community-led innovative and participatory approaches to financial literacy. In this regard ,a total of 2,421 CFLs have been set up across the country as on March 31, 2025 with one CFL covering three blocks on an average
- It also sponsors Village Level programs (VLPs) which are conducted with the support of banks and State Rural Livelihoods Missions (SRLMs) for a better interface between bankers and Self-Help Groups (SHGs) to facilitate opening of SHG accounts, their credit linkage and regular loan repayments, thereby facilitating financial inclusion at the village level.
SOURCE : https://www.pib.gov.in/PressReleasePage.aspx?PRID=2152632
RBI guidelines ensure multilingual customer communication and a quicker grievance redressal by banks
- Reserve Bank of India (RBI) has, from time to time, emphasised that banks must communicate with customers in their preferred language to ensure clarity and convenience. RBI’s Master Circular on Customer Service in Banks states, inter alia, that all customer-facing materials at the branches of Scheduled Commercial Banks must be made available in Hindi, English, and the concerned regional language. Further, RBI vide its letter dated September 30, 2024, reiterated that all communications to customers, should invariably be issued in a trilingual format-Hindi, English, and the regional language. All Banks have a robust board approved grievance redressal mechanism in place to address complaints. Further, the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2021, provides a cost-free platform for redressal of complaints against RBI-regulated entities (REs) in matters relating to deficiency in service, if the grievance is not redressed or reply is not given by the RE within the prescribed timeline.
SOURCE: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2155543
International Trade Settlement in Indian Rupees (INR) – Revised procedure for opening of Special Rupee Vostro Account (SRVA)
- In terms of A.P (DIR Series) Circular No.10 dated July 11, 2022, Reserve Bank of India has put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Under this arrangement, AD banks are permitted to open Special Rupee Vostro Accounts (SRVAs) of correspondent banks, with the prior approval of the Reserve Bank for settling cross-border trade transactions.
- Based on a review of the procedure involved in opening of the SRVA, it has been decided to do away with the need for seeking RBI approval for opening of SRVA. AD banks can now open SRVAs of correspondent banks without referring to the Reserve Bank of India. The above change in procedure will considerably quicken the process for opening of SRVAs.
SOURCE: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60955
Income Tax And Goods And Services Tax
- The Central Government is proposing significant reforms in GST
To build an ‘Atmanirbhar Bharat’, the Central Government is proposing significant reforms in GST. It will be focused on 3 pillars, namely
1. structural reforms
2. rate rationalisation, and
3. ease of living
The Central Government has sent its proposal on GST rate rationalisation and reforms to the Group of Ministers (GoM) constituted by the GST Council to examine this issue.
Key Pillars of the Centre’s Proposed Reforms:
| Key Pillars of the Centre’s Proposed Reforms: | Key Pillars of the Centre’s Proposed Reforms: | Key Pillars of the Centre’s Proposed Reforms: |
|---|---|---|
| Structural Reforms | I)Inverted duty structure correction | The correction of inverted duty structures to align input and output tax rates so that there is a reduction in the accumulation of input tax credit. This would support domestic value addition. |
| II)Resolving classification issues | Resolve classification issues to<br>streamline rate structures, minimise disputes, simplify compliance<br>processes, and ensure greater equity and consistency across sectors. | |
| III)Stability and Predictability | Provide long-term clarity on rates and policy direction to build industry confidence and support better business planning. | |
| Rate Rationalisation: | I)Reduction of taxes on common-man items and aspirational goods | This would enhance affordability, boost consumption, and make essential and aspirational goods more accessible to a wider population. |
| II)Reduction of slab | Essentially move towards simple tax with 2 slabs – standard and merit. Special rates only for select few items. | |
| III)Compensation Cess | The end of compensation cess has created fiscal space, providing greater flexibility to rationalise and align tax rates within the GST framework for long-term sustainability. | |
| Ease of Living | I)Registration | seamless, technology-driven, and time-bound, especially for small businesses and startups. |
| II)Return | Implement pre-filled returns, thus reducing manual intervention and eliminating mismatches | |
| III)Refund | faster and automated processing of refunds for exporters and those with inverted duty structure. |
SOURCE: https://www.pib.gov.in/PressReleasePage.aspx?PRID=215670
Advisory on extension of GSTR-3B due date in few districts of Maharashtra State
- In view of the natural calamity caused by heavy rains, the due date of GSTR-3B for the July-2025 tax period has been extended from 20th August, 2025 to 27th August, 2025 for the following districts of Maharashtra states : Mumbai (City), Mumbai (sub-urban) Thane Raigad ,Palghar For further details, please refer to Notification No. 12/2025 – Central Tax dated 20th August, 2025 issued by CBIC.
SOURCE: https://www.gst.gov.in/newsandupdates/read/6200
Advisory –System Enhancement for Order-Based Refunds
- 1. As per the available functionality, taxpayers could claim refunds under the category “On account of Assessment/Enforcement/Appeal/Revision/Any Other Order” (ASSORD) only if:
- The cumulative amount of the Demand ID showed a negative balance (i.e., refund eligible).
- The status of the Demand ID was “Refund Due”.
This restriction prevented taxpayers from claiming refunds when individual components (minor heads) of a demand showed negative balances and the overall cumulative balance was zero or positive
2. For the above scenario, several references have been made by the tax payers and tax officers stating that the taxpayers are not able to claim the refund. Accordingly the following changes have been implemented in the system:
- Refunds can now be claimed irrespective of the Demand ID status.
- Refunds are allowed even when the cumulative balance is positive or zero, provided any minor head has a negative balance.
- Only negative balances will be auto-populated in the refund application (Form RFD-01); taxpayers cannot claim any refund for the positive amounts within the demand.
- Order Number Suggestions: The system automatically suggests the most recent demand order associated with a negative balance such as order-in-original, rectification order or appellate order etc.
Tooltips: Clear guidance is provided near the Order No. and Demand ID fields to help taxpayers enter the correct details.
4.A comprehensive user manual and FAQs will be shared shortly. In case of any discrepancies or system-related queries, a ticket may be raised with the GST helpdesk.
SOURCE: https://www.gst.gov.in/newsandupdates/read/621
Insolvency And Bankruptcy Code
IBBI Discussion Paper on Proposed Amendments to CIRP Regulations
The Insolvency and Bankruptcy Board of India (IBBI) released a Discussion Paper dated 06th August 2025 proposing amendments to the IBBI (Corporate Insolvency Resolution Process) Regulations, 2016.
The key recommendations are as follows:
Recording of CoC’s deliberation on RA’s eligibility under section 29A
It is proposed to amend the CIRP Regulations to mandate that the Committee of Creditors (CoC) formally discuss and record a resolution applicant’s (RA) eligibility under Section 29A, based on report of the Resolution Professional, the affidavit submitted by the Resolution Applicant, and other relevant information provided in the resolution plan. The Resolution Professional will be required to record these deliberations in the minutes of the CoC meeting.
Enhanced disclosures in Resolution Plans regarding section 32A
- Proposed amendments will require every Prospective Resolution Applicant (PRA) as part of the resolution plan to disclose the full beneficial ownership details and provide an affidavit on eligibility for Section 32A immunity.
Invitation and submission of Resolution Plan(s) through electronic platform
- To extend the success of digital platforms used in liquidation to CIRP it is proposed to empower IBBI to notify an online portal for inviting and submitting resolution plans, thereby extending digitalization benefits to the CIRP framework.
SOURCE:https://ibbi.gov.in/uploads/whatsnew/166958d0c5d31e4f1f506ce8a6449867.pdf
IBBI Discussion paper on Review of Limit on Number of Assignments being handled by IPs
The IBBI has released a discussion paper dated 12th August 2025 proposing a revision of the limits on assignments handled by Insolvency Professionals (IPs). Currently, an IP can act as Resolution Professional (RP) in up to ten CIRP cases, but there is no cap on roles as Interim Resolution Professional (IRP) or Liquidator, leading to concentration of work among a few IPs and delays in processes. To address this, the Board proposes a combined ceiling of ten assignments across RP, IRP, and Liquidator roles, with not more than three assignments involving claims above ₹1000 crores.
Hence the amendment proposed by IBBI is “An IP shall not have more than 10 assignments in aggregate as IRP, RP in CIRP, and Liquidator, with not more than 3 assignments involving admitted claims exceeding ₹1000 crores”.
SOURCE:https://ibbi.gov.in/uploads/whatsnew/b85605538eace372f20da620a45fdb6d.pdf
Amendments to the Insolvency and Bankruptcy Board of India (Continuing Professional Education for Insolvency Professionals) Guidelines, 2019
- Bankruptcy Board of India (IBBI) has notified amendments to the Continuing Professional Education (CPE) Guidelines, 2019 on 13th August 2025 to strengthen professional development for Insolvency Professionals (IPs). The annual CPE requirement has been increased from 10 hours to 30 hours per year, while the earlier rolling block requirement of 60 hours in three years has been removed. A phased mandate for in-person learning has been introduced, requiring 40% of credits through in-person programs from 2026, 50% from 2027, and 60% from 2028 onwards. IPs must now also seek prior approval from their respective Insolvency Professional Agency before enrolling in CPE programs conducted by entities other than IBBI or IPAs. Additionally, new subject areas such as the Prevention of Money Laundering Act (PMLA) and fraud detection have been included for CPE. These changes aim to ensure higher standards of competence, ethics, and continuous professional growth for IPs.
THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) BILL, 2025
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 (Bill No. 107 of 2025) was introduced in Lok Sabha on 12 August 2025 and it has been referred to a Select Committee of Parliament for detailed review. The IBC Amendment Bill, 2025 is currently under examination by a Select Committee in Parliament.
As per the objective statement of the bill, the proposed amendments aim to reduce delays, maximise value for all stakeholders, and improve governance of all processes under the Code. They seek to modify existing provisions to better align with the overall objectives of the Code and to introduce new provisions that follow global best practices for resolving insolvency. The proposed legislation introduces a “creditor-initiated insolvency resolution process” with an out-of-court initiation mechanism for genuine business failures to facilitate faster and more cost-effective insolvency resolution, with minimal business disruption. The proposed legislation also introduces provisions for “group insolvency” and “cross-border insolvency”.
SOURCE:https://ibbi.gov.in/uploads/legalframwork/da78600a457741799bb2e7c8da25f946.pdf
Stock Exchange
Operational Guidelines for Non-Resident Indians (NRI) in F&O Segment
- This has reference to NCL circular NCL/CMPT/69371 dated July 30,2025 regarding SEBI circular issued on July 29,2025 on Operational Efficiency in Monitoring of Non-Resident Indians (NRI) Position Limits in Exchange Traded Derivatives Contracts – Ease of Doing Investment.
- In view of the SEBI directions,
- 1. Members may take note that the mandatory requirement of “NRIs having to notify the names of the clearing Member and subsequent assignment of Custodian Participant code (CP code) to the NRIs by the Clearing corporation” stands discontinued with immediate effect.
- 2. NRI clients thus do not mandatorily require CP code for initiating trading in the F&O Segment.
- 3. It is advised that clearing members provide an option to existing NRI clients to exit from CP code mechanism. Such request from NRI clients is to be taken by respective Clearing members through email communication within 90 days of issuance of SEBI circular i.e. by October 27, 2025.
- 4. If the existing NRI CP clients decide to continue with CP code mechanism, then no further action is required. The extant process continues as is.
- 5. If the existing NRI CP clients decide to exit from the CP code mechanism, then: a. For the existing CP codes with no open positions in F&O segment, the Clearing Members are required to submit the deactivation request to the Clearing Corporation. b. For existing CP Codes with open positions, the Clearing Members may submit the deactivation request only once positions are squared up/Closed/expired.
- 6. The Clearing corporation will deactivate the CP code on receipt of request from Clearing Members provided there are no open positions in the F&O segment. There is no change in the existing CP code deactivation process at NCL.
- 7. It is further advised that the members make necessary operational changes at their end to provide an option to NRI clients who initially opt for CP code but later decide to exit from CP code, on submission of request by NRI client through email communication
SOURCE: https://nsearchives.nseindia.com/content/circulars/CMPT69441.pdf
Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011
- This is with reference to SEBI Circular No. SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated August 11, 2023, and pursuant to Exchange Circular issued on monthly basis in respect to Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registrations Agency (KRA) Regulations, 2011 with the latest issued on dated July 14, 2025, NSE/ISC/69108 on “Simplification of KYC process and rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs)” and “Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011”.It may be noted that as per SEBI Circular SEBI/HO/OIAE/OIAE_IAD1/P/CIR/2023/0000000163 dated October 03, 2023, on Centralized mechanism for reporting the demise of an investor through KRAs. All Regulated Entities registered with SEBI should block debit transactions in those accounts including suspension of all transactions in the trading account and inactivate/close the UCC in all the stock Exchanges. Trading Members are informed that demise data is being shared by the KRA on daily basis.
- It is hereby informed that the clients whose KYC are not found to be validated by KRAs i.e. where the KYCs are “On Hold” for any reasons (both AADHAAR and Non- AADHAAR based OVD) uploaded to the KRA from July 01, 2025 to July 31, 2025 shall neither be Permitted to Trade on the Exchange, nor will they be allowed to square up their open positions, if any, w.e.f. August 23, 2025 until they comply with the validation requirements. Eventually, such open positions will naturally expire on the expiry date of the respective contract. The Exchange shall flag the non-compliant PANs provided by the KRAs, as Not Permitted to Trade w.e.f. August 23, 2025. All PANs that become KRA compliant subsequently, will be permitted to trade on T+1, based on the information received from KRA by the Exchange on T Day.
SOURCE:
Other Acts
NITI Aayog Unveils $200 Billion Electric Vehicle Opportunity Report and India Electric Mobility Index (August 04, 2025)
NITI Aayog released its report titled ‘Unlocking a 200 billion Dollar Opportunity: Electric Vehicles in India,’ and the first edition of the India Electric Mobility Index (IEMI) in New Delhi. The report on unlocking a 200-billiondollar opportunity in electric vehicles aims to move from incentives to mandates and disincentives and focusing on high-potential vehicle segments and geographies. It also aims to enable financing for electric buses and trucks, which currently face significant adoption barriers. Further, IEMI index tracks, evaluates and scores all States and UTs out of 100, across 16 indicators under three-core themes.
E-Commerce export hubs to support Indian SMEs with cost effective logistics and streamlined regulatory processes
With an objective to support SMEs, artisans, and small businesses by reducing the cost and time associated with logistics, streamlining regulatory processes, and simplifying re-imports for e-commerce returns or 2 rejects, an initiative is launched by the E-Commerce Export Hubs (ECEHs), which aims to provide dedicated zones for facilitating cross border e-commerce exports from India. The ECEHs shall provide integrated services at a single location, encompassing customs clearance, quality certification, packaging, and off-port warehousing.
Telecommunications Commercial Communications Consumers Preference Regulations, 2018 deals with Unsolicited Commercial Communication or spam
Telecom Regulatory Authority of India’s (TRAI) Regulations, viz. Telecommunications Commercial Communications Consumers Preference Regulations, 2018 (TCCCPR-2018), deals with Unsolicited Commercial Communication (UCC) or spam. TCCCPR-2018 has provisions for:
- Registering preferences for commercial communication where a telecom subscriber can opt to block all commercial communications or can selectively block commercial communications as per preference categories and registering complaint against senders of UCC through Mobile App, sending SMS to short code 1909 and calling on 1909.
- Blacklisting of registered entities and telemarketers for violation of TCCCPR-2018.
- Action against Unregistered Telemarketer (UTM) such as giving a warning, putting them under usage cap or disconnecting in case of repeated violations.
- Financial Disincentives (FDs) against the access service providers for failing to curb UCC.
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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.