8. - (1) An Applicant seeking registration as an IWA shall maintain minimum paid-up share capital or contribution, as the case may be, of USD 30,000 (USD Thirty thousand only) and net-worth equal to 100% of the minimum paid-up share capital / contribution; Provided that an Applicant desirous of setting up a branch, shall maintain the capital of USD 3000 (USD Three thousand only), which shall be earmarked and held by the Applicant. in the country of its incorporation and keep invested as p... ... ...

7. - (1) The Authority on being satisfied that the Applicant fulfils the eligibility as specified under regulation 4, shall at first instance issue an in-principle approval to the Applicant for compliance with requirements viz, minimum capital infusion, training requirements of principal officer, professional indemnity policy and such other requirements as may be deemed necessary by Authority for issuance of Certificate within a period of forty five (45) days from the date of such in-princip... ... ...

India highlights three pillars of 'Security, Connectivity and Opportunity' for international trade The 25th Meeting of Ministers of the Shanghai Cooperation Organization (SCO) Member States Responsible for Foreign Economic and Trade Activities was held in Dushanbe, Tajikistan, on 17 September 2026. The Meeting reviewed ongoing cooperation among SCO Member States in the areas of economic and trade activities and exchanged views on measures to further deepen trade and economic cooperation wi... ... ...

6. - The registration or the renewal of registration granted to IWA shall, inter-alia, be subject to the following conditions that: (1) IWA shall exclusively carry on the business for which the registration has been granted and in the manner as specified in these regulations; (2) IWA shall comply with the provisions of the Insurance Act, 1938, IFSCA Act, 2019, applicable laws and any other instructions issued thereunder from time to time by the Authority; (3) IWA sh... ... ...

The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit and Cooperation to Control Unauthorised Trade was held at Vanijya Bhawan, New Delhi, on 16-17 September 2026. The Indian delegation was led by Joint Secretary, Department of Commerce, Government of India, Shri Ujjwal Kumar Ghosh, while the Nepali delegation was led by Joint Secretary, Ministry of Industry, Commerce and Supplies, Government of Nepal, Shri Buddha Bahadur Gurung. Senior officials from the concerned Ministr... ... ...

5. - (1) the Applicant desirous of operating as an IWA in an IFSC shall submit an application form to the Authority in the format specified in SCHEDULE - 1, along with the application fees as specified by the Authority. (2) the application form shall be accompanied with the documents as specified in SCHEDULE - 2 in such manner and within such period, as may be specified by Authority. (3) the Applicant seeking permission for carrying out Insurance Outsourcing or Insurance Telemarketing ... ... ...

Mumbai, September 18, 2026: OnEMI Technology Solutions Limited, the listed parent company of digital lending platform Kissht (BSE: 544754/NSE: KISSHT), today announced that its Board of Directors has approved a proposal to raise approximately up to ?832 crore through the issuance of equity shares on a preferential basis to such identified persons as mentioned in Schedule I, subject to the approval of the shareholders and requisite regulatory and statutory approvals. The proposed preferential ... ... ...

CHAPTER - II REGISTRATION OF IWA 4. The Authority while considering an application for grant of registration as IWA shall take into account all matters which are necessary for carrying out the functions of the IWA, including but not limited to the compliance with the following conditions, namely -: (1) the Applicant, its Directors, Designated Partners, Key Managerial Personnel, Principal Officer or Authorized Verifier are not suffering from any of the disqualifications specifi... ... ...

As part of its ongoing enforcement drive against fraudulent Input Tax Credit (ITC) claims, the officers of Anti-Evasion Branch, Central Goods & Services Tax (CGST), Delhi South Commissionerate, has arrested a proprietor of a firm engaged in trading of iron and steel goods in a case involving fraudulent availment, utilisation and passing on of inadmissible ITC aggregating to over Rs. 25.22 crore through bogus invoices of approximately Rs. 140.14 crore. Investigation revealed that the firm had ... ... ...

3. :- (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the same meaning as assigned to them below and their cognate expressions shall be construed accordingly: (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Agreement" means an agreement entered between an Insurance Web Aggregator and an Insurer; (c) "Applicant" means: - (i) an Insurance Web Aggregator r... ... ...

Registration and operational framework for Insurance Web Aggregators in an International Financial Services Centre is established under the regulatory oversight of the International Financial Services Centres Authority. The Regulations regulate the process by which such aggregators are registered and conduct operations within the Centre.

International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022 are made under powers conferred by the International Financial Services Centres Authority Act, 2019, read with relevant enabling provisions of the Insurance Act, 1938. Commencement is linked to publication in the Official Gazette, which operates as the trigger for their entry into force.

Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.

Section 80P(2)(a)(i) permits a primary agricultural credit co-operative society to deduct income from credit facilities provided to nominal and associate members recognised under State law; section 80P(4) does not exclude such a society merely for lending to those members. Interest and dividend from investments with co-operative societies may qualify for deduction under section 80P(2)(d), subject to verification of the investee entities and the nature of invested funds. Bank interest is taxable as income from other sources, with eligible funding costs and proportionate expenses allowable under section 57. Unascertained provisions for audit fees, gratuity, leave encashment and service tax are non-deductible, but increase business profits eligible for proportionate deduction.

Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.

Preferential-rate duty claims under trade agreements require item-wise Bill of Entry declarations, including Certificate of Origin particulars, origin criteria, and accumulation or cumulation status. Each preferential item must be supported by electronic upload of the relevant Certificate of Origin through eSanchit and entry of its IRN in the supporting-document table. Importers must make the CUF02 self-declaration that goods qualify as originating goods. Each uploaded Certificate of Origin must be marked as defaced before Out of Charge can be granted.

Relocation of a private limited company's operations from Delhi to Haryana, following closure of Delhi operations and proposed acquisition of a new GST registration, raises the compliance issue whether any change or filing is required with the Registrar of Companies. The enquiry does not state a concluded compliance position.

GST clarification issued under the central GST framework is adopted, mutatis mutandis, for implementation under the Goa GST Act, 2017. This adoption seeks uniform application of the clarified GST issues within the State regime. The clarification is administrative and clarificatory in nature.

Regulated Entities must undertake Customer Due Diligence after assigning risk ratings, identify and verify customers and beneficial owners, understand the purpose of business relations, and conduct ongoing transaction scrutiny. High-risk relationships require enhanced measures, including source-of-wealth and source-of-funds examination, Senior Management approval and closer monitoring; simplified measures may apply only to low-risk relationships and never where ML/TF is suspected. Verification may be deferred only in low-risk cases with safeguards, but must be completed within the prescribed period; otherwise relationships must be suspended or terminated. CDD information requires risk-based periodic updating.

GST treatment distinguishes renting of passenger or freight vehicles with an operator, where the recipient controls routes and schedules, from passenger or goods transport. Mining vehicles hired with drivers are rental services rather than exempt road transport. A body corporate hiring passenger vehicles from a non-body corporate for a period is subject to reverse charge, whereas specific passenger journeys are not. Non-air-conditioned contract-carriage exemption applies only to predetermined-route and predetermined-schedule passenger transport, not to vehicles placed at the recipient's disposal.