Marking lien in demat accounts for tender offers to enable blocking, settlement of accepted shares and release of unaccepted holdings.
Marking a lien in shareholders' demat accounts is mandated for tendering shares in open offers, buybacks and delisting offers; Depositories will block shares and provide blocked-quantity details to Clearing Corporations, issuers or Registrars will supply entitlement and accepted-quantity data, only accepted quantities will be debited on settlement, and liens on unaccepted shares will be released, with detailed intra- and inter-depository procedures governing blocking, IDT messaging, cancellation of excess blocked securities and transfer of accepted shares to Clearing Corporations.

Disclosure of shareholding pattern now requires segregation of promoter and promoter group holdings in exchange filings.
Listed entities must disclose shareholdings by separately identifying promoter(s) and promoter group entities using the revised Table II format placed at Annexure A; the revision modifies the earlier format and Stock Exchanges must notify and disseminate the change.

Mobile squad vehicle inspection under GST tightened through intelligence-driven checks and mandatory verification controls.
Inspection of vehicles transporting goods by mobile squad units is reaffirmed under section 68 of the Uttar Pradesh Goods and Services Tax Act, 2017 and rule 138B of the Uttar Pradesh Goods and Services Tax Rules, 2017. Mobile squad units are directed to conduct inspections at full capacity within the zone, with quality-based, intelligence-driven checking of sensitive commodities and transporters using MIS from the e-way bill and departmental portals. The instructions also require monitoring of rail-borne goods, action on abnormal e-way bill generation, verification through the mobile application, functional Vehicle Tracking System use, and body-worn camera deployment.

Line of Credit for defence procurement enables exports from India with minimum domestic sourcing and EDF declaration requirements.
Government-supported Line of Credit by Exim Bank to Mauritius finances procurement of defence items from India subject to the Foreign Trade Policy; at least 75 per cent of contract value must be supplied from India with up to 25 per cent procured abroad. The Agreement is effective from July 22, 2021, with a terminal utilization period of sixty months after scheduled completion. Shipments must be declared in the Export Declaration Form. No agency commission is payable under the LoC, though exporters may use own resources or EEFC balances for commission subject to AD bank compliance.

Import control on transmission apparatus: customs must block devices without required WPC licence to prevent network interference.
Customs are instructed to enforce that transmission apparatus with reception (ITC HS Code 8525 60 00), including mobile signal repeaters/boosters and certain walkie talkies, are not permitted for import except against a license issued by the WPC wing; this action targets unauthorized devices sold in grey markets and on e commerce platforms that interfere with licensed cellular service quality, and Customs must report any implementation difficulties to the Board.

Master Circular standardizes issuance, listing and post issuance rules for corporate debt, including ASBA/UPI, EBP, ISIN limits, and green bond disclosures.
Master Circular consolidates and supersedes prior SEBI operational circulars and prescribes comprehensive procedural and disclosure regimes for issuance, allotment, listing and post issuance operations of non convertible securities, securitised debt instruments, security receipts, municipal debt securities and commercial paper, including ASBA/UPI application mechanics, EBP and RFQ platform rules, ISIN limits, green and transition bond requirements, roles of intermediaries, timelines for listing and reporting obligations.

Issuance and listing of non-convertible securities consolidated-ASBA/UPI, EBP, ISIN limits and investor protections rules and timelines.
SEBI consolidates prior operational circulars into a chapter wise framework under the SEBI NCS Regulations, 2021, prescribing procedures and obligations for issuance, listing and trading of non-convertible securities and related instruments, standardising the ASBA/UPI application process, EBP platform rules, ISIN allocation limits, centralized bond database reporting, defaulted debt transaction protocols, green debt disclosures, investor charter requirements, and a 25% incremental debt raising mandate for qualifying large corporates.

Dynamic QR Code requirement clarifies permissible UPI identifiers, authorized collectors, order ID use, and foreign recipient exemption.
An invoice issued to a person with a UIN is treated as a B2C supply and must include the Dynamic QR Code. UPI identifiers suffice without separate bank/IFSC details; an authorized collector's UPI ID may be used. Invoices to recipients outside India for services with place of supply in India paid in foreign currency need not carry a Dynamic QR Code. Where invoice numbers are unavailable at payment time, a unique order ID linked to the invoice may be encoded. The QR should reflect only the remaining payable amount when part payment exists, and the invoice must record total value and adjustments.

GST treatment for irrigation system parts clarified: components solely for sprinklers/drip systems taxed under sprinkler/drip tariff, general parts taxed otherwise.
Components made solely or principally for use with sprinklers or drip irrigation systems are classifiable under the sprinkler/drip irrigation tariff heading and attract the corresponding GST even if supplied separately; parts of general use that classify outside that tariff heading shall attract GST applicable to their own classification.

Export quota restrictions on diagnostic kits permit licensed exports subject to eligibility, documentation, online application and time limited validity.
Applications for export of specified diagnostic kits and reagents must be filed online within the prescribed window, be examined under the Handbook of Procedures, and include documentary proof of manufacture, commercial documents, IEC, and a manufacturer's undertaking confirming domestic commitments have been met; all documents must be self attested and incomplete or late applications will not be considered.

Calendar spread margin benefit extended to additional expiries, enhancing far month liquidity and hedging flexibility in commodity futures.
SEBI circular SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/612 modifies prior guidance to permit the existing 75% benefit in initial margin for calendar spreads or spreads of two contract variants on the same underlying commodity when each individual contract in the spread is among the first six expiring contracts rather than limited to the first three expiries; the amendment is effective within one month of issuance.

Labeling compliance: prevent import of Cassia or Split Cassia labeled as Cinnamon, customs to sensitize officers and refer consignments.
Instruction requires customs to ensure labeling compliance by preventing import of Cassia or Split Cassia labelled as Cinnamon; FSSAI has reported cases from Vietnam and has acted on referred consignments. Customs officers handling facilitated consignments and those at non-FSSAI ports must be sensitized to detect such mislabelling, and any implementation difficulties should be reported to the Board.

GST exemption for government loan guarantees confirms state and central guarantees to public sector undertakings are not taxable.
Services supplied by Central or State Governments to their undertakings or Public Sector Undertakings by way of guaranteeing loans from banking companies and financial institutions are exempt from GST under the relevant exemption entry; the GST Council reaffirmed that government guarantees of loans to their undertakings or PSUs fall within that exemption, and implementation difficulties may be brought to the Commissioner of State Tax.

GST rate on construction services: ropeway projects supplied to government entities attract standard higher tax rather than concessional rate.
Construction of a ropeway supplied to a Government Entity does not qualify for the concessional GST rate for works contracts meant predominantly for non-commercial use; because ropeway projects serve commercial or tourism purposes and are not covered by entries for roads, bridges, terminals, or railways, they fall under the general works contract classification and attract the standard higher GST rate.

Extension of precious metal compliance deadlines: six-month one-time relief with repatriation limits tied to RBI guidelines.
Where the last date for exports, replenishment, imports or drawal of precious metal as computed under Paras 4.82-4.84 fell between 01.02.2021 and 30.06.2021, that last date is extended by six months; relaxation for repatriation/forex realisation equals the originally allowed period plus six months or as per RBI guidelines, whichever is less.

Extension of limitation periods applies to GST appeals and revisions but not to routine statutory compliance actions.
The circular clarifies that the April 27, 2021 Supreme Court order extending periods of limitation applies to judicial and quasi judicial lis-like matters (appeals, reviews, revisions and similar filings) under GST, but does not automatically extend statutory timelines for taxpayer-initiated compliances; tax authorities may continue quasi judicial disposal of matters, while investigative, enforcement actions and many show-cause/ original adjudication steps are not covered by that extension.

Container Freight Station operations extended with bond, insurance and indemnity obligations pending compliance review.
Custodianship of M/s. LCL Logistix (India) Private Limited CFS at Dighaspur, Haldia is extended for two months with retention as Customs Cargo Service Provider, subject to suspension or revocation for non compliance with the Customs Act and HCCAR. The operator must execute an Rs. 8,64,00,000 bond and maintain Rs. 30 Crore insurance, both subject to periodic review, and must indemnify the Principal Commissioner against liabilities for loss or damage to goods arising during handling.

Line of Credit for infrastructure export financing permits Indian-sourced content requirement and Export Declaration compliance.
Government-supported Line of Credit authorizes Exim Bank to finance exports of eligible goods and services for land and infrastructure development subject to Foreign Trade Policy eligibility; at least 75 percent of contract value must be supplied from India, shipments must be declared in the Export Declaration Form, and a defined terminal utilization period applies after project completion. AD Category I banks may allow commission remittances only from exporter resources or EEFC balances after realisation and must notify exporters and refer them to Exim Bank for details. Directions are issued under FEMA.

Transfer of export authorisations: online amendment process enables transfer on merger, CA certificate requirement and customs update.
Where an entity undergoes amalgamation, de merger, acquisition or insolvency, export obligations and contingent liabilities attached to Advance Authorisation/EPCG Authorisation must be transferred to the new entity. Applicants must request IEC merger/de merger on the DGFT portal and then apply for amendment/transfer of each authorisation; requests auto submit to the jurisdictional Regional Authority, and on approval the authorisations are amended and details transmitted electronically to Customs. For EPCG, the surviving entity's AEO equals the aggregate AEOs of the merging entities and a Chartered Accountant certificate is required as part of the online amendment.

Export proceeds realization requirement: e-BRCs must be uploaded or RoSCTL scrips may be subject to recovery.
Rebate under RoSCTL is conditional on timely realization of export sale proceeds; many shipping bills with LEO up to 31.03.2020 lack uploaded e-BRCs as proof. Exporters with RoSCTL scrips must have their AD banks upload the related e-BRCs to the DGFT portal by 15.09.2021, failing which regional authorities will initiate recovery or other actions under the handbook provisions.