Voting obligations for mutual funds require compulsory voting on specified corporate and related-party resolutions and thereafter on all resolutions.
Mutual funds must compulsorily cast votes on specified corporate governance matters and related party transactions; thereafter, voting on all other resolutions will also be compulsory from the specified later date. Funds with no economic interest on the record date may be exempted. Voting should be at the mutual fund level except where scheme-level voting is justified with a recorded rationale. Fund managers must provide quarterly declarations to trustees that votes were cast in unitholders' best interests, and trustees must confirm this in their half-yearly report to the regulator.

Flying squad oversight strengthens surprise inventory checks, AE-II field monitoring, and review of duty-related complaints.
Flying squads are deployed to conduct cross-checks and surprise verification of inventories prepared by GSTIs and GSTOs, and to inspect AE-II teams working in the field or at parking locations. They will examine complaints against AE-II teams, deal with issues or complaints relating to assessment proceedings, and undertake other AE-II duty-related work assigned by higher authorities. The squads report to the Special Commissioner (Vigilance).

Dynamic QR Code compliance for eligible B2C invoices permits payment cross-references, while post-invoice payments require the code.
Dynamic QR Code requirements apply to eligible B2C tax invoices issued by registered persons exceeding the prescribed turnover threshold, subject to specified supplier, OIDAR and export exclusions. The code must contain supplier, invoice, payment and tax details and support digital payment. Compliance is deemed where payment details are cross-referenced on the invoice for prepaid supplies or where electronic payment facilities capture transaction details. Each eligible supplier remains responsible for compliance on e-commerce supplies; where payment is made after invoice issuance, a Dynamic QR Code must be provided on the invoice.

Mutual fund regulation updated: gross exposure capped to net assets and governance, disclosure, and procedural reforms introduced
The circular revises multiple MF circulars to cap cumulative gross exposure across equities, debt, derivatives, repos and other permitted assets to the net assets of the scheme; prescribes updated investment pattern disclosures with minimum/maximum allocations and defensive reallocation flexibility; replaces the procedure for change in control of AMCs with conditions including trustees' and board approvals, unitholder communication and a minimum 30 day exit option, undertakings by incoming sponsors/trustees and revision of offer documents; and mandates electronic filings, quarterly voting disclosures, revised reporting timelines, updated dividend and SID/KIM procedures, and treatment of NCPS as debt.

Filing of stakeholder lists: liquidators must upload and update stakeholders on the IBBI electronic platform for public dissemination.
The amendment mandates that the liquidator shall file the list of stakeholders on the Board's electronic platform for dissemination, applicable to ongoing and new liquidations; the Board has provided a prescribed format and portal at www.ibbi.gov.in allowing multiple filings and updates. Insolvency professionals must file or update the stakeholder list in that format within three days of preparation/modification, with filings outstanding as of the circular due within 15 days, and are advised to use the same format when filing with the Adjudicating Authority.

Interest waiver scheme implementation assigned recovery, outreach, and help desk duties to boost trader participation and compliance.
Interest Waiver Scheme-2021 was implemented in Uttar Pradesh for a three-month period, providing waiver of pending interest and penalty arising from demands created up to 31.12.2020 under the specified tax laws. The circular assigns a coordinated recovery and outreach framework, requiring field staff to inform defaulters, maintain detailed registers, transfer recovery certificates, coordinate with traders and revenue officials, monitor performance, establish help desks, assist online applications and promote scheme participation.

Consequential assessment orders required after Vivad se Vishwas determination; assessing officers must implement settlement orders.
Where the designated authority has passed orders under subsections (1) and (2) of section 5 of the Direct Tax Vivad se Vishwas Act, the Assessing Officer shall pass consequential orders under the Income-tax Act to give effect to the determination order and the full and final settlement.

Prevention of market abuse: MIIs must implement codes, internal controls and whistleblower protections to monitor trading and inquiries.
MIIs must adopt a Code of Conduct and Institutional Mechanism to prevent fraud and market abuse, including framing codes by the MD/CEO, appointment of a compliance officer, designation of persons with access to unpublished price sensitive information, implementation of internal controls, Board and Regulatory Oversight Committee review, written inquiry procedures for suspected misconduct, prompt initiation and reporting of inquiries, and an effective whistleblower policy with protections; listed MIIs must follow specified schedules for trading in own and other securities.

Jurisdiction amendment clarifies and reallocates assessing responsibility among income tax commissionerates for classes of assessees.
Corrigendum amends Jurisdiction Order No. 3/2020 by replacing and inserting column six entries to allocate classes of persons and assessees to specified Principal Commissioner/Commissioner jurisdictions, including replacement of certain entries, insertion of new numbered jurisdictional entries, and deletion of a sub entry, thereby clarifying which assessees are assessed or assessable within designated commissionerates.

Interest waiver scheme implementation directed for outstanding dues, with online monitoring, publicity measures, and trader facilitation.
Interest Waiver Scheme-2021 was to be implemented for waiver of interest and penalty on outstanding dues created up to 31.12.2020 under several Uttar Pradesh tax laws. Officers were directed to publicise the scheme widely, guide subordinate staff, contact traders and trade bodies, and promote participation. The scheme was to operate online through the departmental portal, with monitoring through the portal and help desks for small traders.

Interest waiver scheme for outstanding tax dues offers structured relief on interest and penalty with portal-based compliance.
Interest Waiver Scheme-2021 grants waiver of pending interest and penalty on outstanding tax dues created up to 31.12.2020 under the specified Uttar Pradesh tax laws. The scheme operates for three months, applies separately to each demand created under each order, and covers demands arising from admitted tax, assessed tax, and pending or decided disputes. It requires payment of the principal outstanding tax, allows partial payment and waiver of interest according to the slab of dues, and fully waives penalty imposed only for non-payment of outstanding dues.

Residential status under tax law: stranded visitors may remain non resident; DTAA tie breaker and relief mechanisms apply.
Section 6 residence tests depend on day count thresholds and income conditions; short COVID related stays in PY 2020 21 are unlikely alone to create Indian residence. DTAAs contain tie breaker rules to resolve dual residency and allocate taxing rights, including employment income tests that limit source taxation unless presence, employer residence, or permanent establishment conditions are met. Individuals facing residual double taxation after treaty relief may submit Form NR with specified particulars for Board consideration of targeted or individual relief.

Export quota allocation for diagnostic kits - online applications accepted with manufacturer certification and specified documentation for licences.
Export control and allocation procedure for specified diagnostic kits and components requires online filing through DGFT's ECOM system within the notified window, with no hard-copy submissions. Applicants already filed need only provide the application file number and required documents by email. Allocation will be examined under the Handbook of Procedures; incomplete or late submissions will be rejected. Eligibility requires documentary proof of manufacture, a single application per IEC, IEC copy, purchase order/invoice and a signed undertaking certifying domestic commitments; all documents must be self-attested. Licences issued carry a fixed validity and are drawn from residual quota.

Dynamic QR Code requirement on B2C invoices ensures digital payment data capture and compliance for high-turnover suppliers.
Notification No. S.O. 111 mandates a Dynamic QR Code on B2C tax invoices issued to unregistered persons by suppliers whose aggregate turnover exceeds 500 crore rupees in any financial year from 2017-18 onwards, excluding specified service providers and OIDAR exports treated as B2B. The Dynamic QR Code must include supplier GSTIN, supplier UPI ID, payee bank account and IFSC, invoice number and date, total invoice value and GST breakup, and be scannable for digital payment. An invoice is deemed compliant if it carries the Dynamic QR Code or, where payment occurred by other means, the invoice records a cross-reference of the payment; for payments made after invoice issuance the supplier must provide the Dynamic QR Code.

Suspension of registration triggers 30-day response obligation and may lead to cancellation if discrepancies are not resolved.
Immediate suspension of registration is authorised where return comparisons or other analyses disclose significant discrepancies or anomalies indicating contravention of the BGST Act and Rules that pose an immediate threat to revenue. Pending FORM GST REG 31 functionality, intimations/notices will be placed on the taxpayer dashboard as FORM GST REG 17 and sent to registered e mail addresses. The taxpayer must reply online in FORM GST REG 18 within the reply period explaining discrepancies and submitting compliances; the proper officer may revoke suspension in FORM GST REG 20 or cancel registration in FORM GST REG 19 after examination.

Dynamic QR Code requirement: B2C invoices comply when QR is present or payment cross references are recorded on the invoice.
The Dynamic QR Code requirement applies to B2C tax invoices issued by registered persons exceeding the turnover threshold, excluding specified service suppliers, OIDAR supplies by IGST-registered persons, and exports treated as B2B e-invoices. The QR must include supplier GSTIN, UPI ID, bank account and IFSC, invoice number and date, total value and GST breakup, and be scannable for digital payment. An invoice is compliant if it bears a Dynamic QR Code or records a payment cross-reference (transaction id, date, time, amount, mode); pre-paid supplies comply via payment cross-reference, while post-invoice payments require a QR code.

Online adjudication module enables electronic filing of appeals with proof of deposit and virtual personal hearings permitted.
An electronic case-management module for Adjudication, Appeal and Review under the Foreign Trade Act and Rules began on 27 February 2021; exporters must submit prescribed export-obligation documents via the DGFT portal, failure of which may lead to a Show Cause Notice and an online Adjudication Order imposing duty, interest and penalty. Appeals must be filed online with proof of deposit within the time limit, with appellate processes and personal hearings handled electronically or physically at authority discretion. Review proceedings will also be conducted through the online module.

Insider trading disclosures: system driven reporting and mandatory company duties ensure automated public dissemination of transactions.
Circular conditions normal segment trading on dematerialisation thresholds (including 100% promoter demat subject to limited exemptions) and requires exchanges to disseminate disclosures; mandates internal codes and supervisory controls for intermediaries to prevent circulation of unauthenticated news; reiterates standardised initial and continual disclosure formats under PIT Regulations, clarifies OFS and Rights Entitlement transactions are exempt from trading window closure when within Board frameworks, prescribes reporting and remittance procedures for Code of Conduct violations to the Investor Protection and Education Fund, and implements system driven disclosures by depositories and exchanges for entities' equity and equity derivative trades.

Dynamic QR Code compliance for B2C invoices clarified for invoice content, exclusions, and deemed payment-based compliance rules.
Clarification is issued on the applicability of Dynamic QR Code requirements for B2C invoices under the Assam GST framework and on the manner of compliance with the notification requiring such code for taxpayers above the prescribed turnover threshold. The clarification states that the requirement applies to tax invoices issued by registered persons to unregistered persons, subject to specified exclusions for certain services, OIDAR supplies, and export supplies where e-invoicing applies instead. It also sets out the required QR code particulars and recognises deemed compliance where payment references are cross-linked on the invoice.

Suspension of GST registration for mismatched returns and anomalies follows a thirty-day reply process before cancellation action.
Suspension of registration under rule 21A(2A) applies where comparisons of returns with GSTR-1 outward supplies, inward supplies derived from suppliers' GSTR-1, or other authorised analysis reveal significant differences or anomalies indicating contravention of the Act or rules and an immediate revenue risk. The SOP provides interim implementation through FORM GST REG-31, electronic intimation, and a thirty-day reply mechanism in FORM GST REG-18. The proper officer may thereafter drop the proceedings in FORM GST REG-20, cancel registration in FORM GST REG-19, or revoke suspension and continue verification if needed.