Anti Money Laundering standards: apply FATF counter measures to cross border remittances and ensure due diligence and reporting.
Authorised persons under the Money Transfer Service Scheme must apply counter measures for identified ML/TF risks in specified jurisdictions, notify constituents and customers of FATF guidance, obtain Principal Officer acknowledgement, and implement due diligence, recordkeeping and reporting; non compliance attracts applicable penal consequences under the governing statutes and rules.

Anti-Money Laundering measures: apply FATF-recommended counter-measures and strengthen AML/CFT controls for cross-border money-changing risks.
Authorised dealers and money-changing Authorised Persons must consider the FATF statement and apply protective counter-measures, inform constituents and customers, ensure Principal Officer acknowledgement, and maintain AML/CFT controls and records as required under the Foreign Exchange Management Act and the Prevention of Money Laundering framework; non-compliance may attract penal provisions.

Digital signature recognition enables electronic issuance of registrar certificates, replacing manual signed physical certificates for corporate compliance.
The initiative authorizes that all certificates and standard letters issued by the Registrar of Companies shall be issued electronically under the Registrar's digital signature, equating the digital signature with the traditional requirement of the Registrar's manual signature and official seal, thereby validating paperless compliances through electronic mode.

Participation by directors through electronic mode permitted with procedural safeguards ensuring quorum, verification, and minutes retention.
Directors may participate in Board or Committee meetings through electronic mode (audio visual video conferencing) provided companies comply with IT Act provisions and specified procedures: notices must offer video participation and obtain attendance confirmations; chairman/secretary must safeguard video integrity, conduct roll calls recording name, location and communication ability, certify quorum, prepare minutes and preserve video recordings, and ensure statutory registers and directors' consents for deemed signatures are secured.

Electronic participation via video conference allows shareholder attendance but statutory meeting place and physical quorum must remain enforced.
Shareholders may participate in general meetings through electronic mode via video conference; companies must notify shareholders of access, and the chairman and secretary must safeguard meeting integrity, ensure proper equipment, prepare minutes, restrict attendance to the concerned shareholder or proxy, and manage any interrupted communications. Statutory meeting place and physical quorum requirements remain applicable, and listed companies are encouraged to provide multiple video conferencing locations while using secured electronic voting platforms.

Option to hold units in demat form: mutual funds must enable allotment to demat accounts and disclose correct ISINs.
Mutual funds must offer investors the option to receive allotment of units in demat form across all scheme types by providing a demat account field in subscription forms; AMCs must obtain and quote the correct ISIN for each option of every scheme alongside the scheme name in all Statements of Account/Common Account Statements to prevent dematerialisation rejections and facilitate transfers.

Tariff Rate Quota Scheme amended to zero concessional duty for a listed item and relaxed actual user requirement.
The TRQ Scheme is amended to retitle the items table, change the concessional rate for the listed item at Sr. No. 2 to 0%, extend the application deadline for quota year 2011-12 (except milk) to 15 June 2011 with EFC finalisation within 15 days, add ANF2B option 14C for TRQ applications, and insert guideline 3c limiting completion of rows 12 and 13 to actual users; the Actual User condition is no longer mandatory and maize imports are permitted duty-free.

Certification of e-Forms now includes XBRL financial statement filings requiring practitioner certification under Companies Act
The corrigendum clarifies that certification of electronic filings under the Companies Act includes practitioner certification of Financial Statements filed in Extensible Business Reporting Language (XBRL) mode, thereby bringing XBRL submissions within the framework requiring practising professionals to certify e-Forms as amended to paragraph two of the earlier circular.

Service tax refund for SEZ supplies: refund route and limited upfront exemption require UAC approval and documentation.
Refund is the default mechanism for service tax on services to SEZ Units/Developers under Notification 17/2011-ST, with upfront exemption limited to services wholly consumed in authorised SEZ operations. Refund claims use Table-A of Form A-2; exclusive-use services require invoice designation, UAC approval, and accounting evidence. Shared services attract proportionate refund calculated by reference to total turnover (including DTA), and unrecovered proportions may be availed as cenvat credit by DTA units. Declaration in Form A-1, original invoices, and separate accounts for consolidated claims are required.

Differential pricing adjustment: permit eligible investors to pay net-of-discount at bidding stage, with disclosure and system safeguards.
Investors eligible for differential pricing may remit the bid amount net of the discount at the time of bidding; merchant bankers must disclose this option and bid reporting requirements in the offer documents, discounts are preferably stated in absolute terms within regulatory limits, stock exchanges must equip bidding platforms to accept discounted net payments and enforce discount ineligibility where net payment exceeds the retail threshold, syndicate members and bank branches must enter the bid price as indicated, SCSBs must implement system changes, and investor category segregation shall be based on net payment after discount.

Large-diameter pipes exemption applies when pipes are an integral part of a water supply project, excluding consumer-paid last-mile connections.
The notification grants exemption for pipes used to deliver water to treatment plants and to the first storage point; an amendment introduced a diameter-based criterion to extend exemption to pipes that are an integral part of water supply projects. After amendment, pipes meeting the diameter criterion are eligible even beyond the first storage point, but consumer-paid last-mile connections are excluded as not forming part of the project.

Verification of Manufacturer Exporter status requires specified documentary proof and PAN for EPCG eligibility under notified procedure.
EPCG licence holders claiming Other Manufacturer Exporter status must submit one of the following to the EPCG section: (i) Permanent Central Excise Registration Certificate certified by the jurisdictional Superintendent of Central Excise with the importer's PAN; (ii) Installation Certificate for earlier imports issued by the jurisdictional Superintendent of Central Excise with the importer's PAN; (iii) Installation Certificate issued by a Chartered Engineer with the importer's PAN, with manufacturing premises to be post-verified by the jurisdictional Superintendent of Central Excise; or (iv) EODC certificate with the importer's PAN.

KYC/AML record-keeping obligations expanded for money transfer agents; broader transaction, NGO receipt and forged-currency reporting required.
Authorised Persons under the Money Transfer Service Scheme must maintain transaction records per Rule 3, including cash transactions exceeding the prescribed threshold, series of connected cash transactions whose monthly aggregate exceeds the threshold, receipts by non profit organisations above the threshold, cash transactions involving forged or counterfeit currency or forged documents, and all suspicious transactions whether or not in cash, with these requirements to be communicated to constituents and enforced under the applicable statutory framework.

KYC thresholds updated: identification and enhanced due diligence required for money changing transactions exceeding prescribed limits.
The circular amends KYC/AML/CFT rules for money changing authorised persons by setting a rupee equivalent threshold for requiring retention of identification copies, obliging verification and possible suspicious transaction reporting where structuring is suspected, mandating enhanced CDD on any suspicion and full CDD where risk is not low, and expanding record keeping to cover aggregated series exceeding the prescribed threshold, receipts by non profit organisations above the threshold, transactions involving forged or counterfeit currency or documents, and all suspicious transactions under the PML Rules.

Eligibility criteria for OTC derivative users updated: stricter net worth and accounting, fair valuation, disclosures, and risk policy requirements.
The circular amends user eligibility for cost reduction structures in OTC foreign exchange derivatives and overseas commodity hedging by distinguishing listed corporate groups from unlisted companies and increasing the minimum net worth threshold for unlisted entities; eligible users must fair value relevant products at each reporting date, comply with applicable accounting standards and ICAI guidance applying prudence (recognising expected losses and not recognising unrealised gains), make prescribed financial statement disclosures, and maintain a risk management policy explicitly permitting such structures. The accounting treatment is transitional until AS 30/32 or equivalent standards are notified.

Certificate of Origin authorisation updated: agency name and contact details amended for non preferential issuance under trade procedures.
Amendment updates Appendix 4C to replace the authorised issuing agency at S.No.30 in Maharashtra with M/s ASMECHEM Chamber of Commerce & Industry of India and records the revised address and contact details for issuance of Certificates of Origin (Non Preferential).

Running account authorisation: brokers must treat authorisations as continuing until revoked and disclose this in client statements.
Removes the annual renewal requirement for running account authorisation and revises the authorisation to be dated and expressly revocable at any time; brokers must state in periodical account statements that the running account authorisation will continue until revoked by the client. Stock exchanges must notify brokers, publish the circular, and amend bye laws, rules and regulations to implement these changes.

Minimum net worth requirement for self clearing members in currency derivatives established under SEBI authority, effective immediately.
The circular requires that a self clearing member in the currency derivatives segment must maintain a minimum net worth of Rs. 5 crore as an eligibility condition for self clearing. It is issued under SEBI's regulatory powers to protect investors and regulate the securities market, applies to recognised exchanges and clearing corporations/clearing houses, and came into force on the date of the circular.

Used outside India requirement clarified: effective use and accrual of benefit must occur outside India to qualify as export.
The circular explains that, for the period when the rule required services to be used outside India, that phrase means the benefit or effective use and enjoyment of the service must accrue outside India; mere payment from abroad or the payer's location is not decisive. The place of effective use depends on the service's nature, and all conjunctive conditions in Rule 3(1) and Rule 3(2) must also be satisfied to qualify as export of services.

Deemed export policy review invites stakeholder comments and presentations, with submissions requested within a specified short period.
An inter-departmental Committee will review the Deemed Export Policy to harmonise Customs notifications with the policy, improve drafting to remove ambiguities and repetitions, and reassess alignment with Government priorities. Stakeholders are invited to submit written comments by e mail to the specified addresses and may request to make presentations; dates for interactive sessions will be posted on the Department's website.