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September 6, 2026
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Food business licensing: Third-party restaurant operators require their own licences and cannot operate under another entity's registration.
Food Business Operator licensing requires the entity holding a food licence or registration to itself conduct the licensed food business at the specified premises. A third-party operator cannot operate under another entity's licence or registration and must obtain its own licence or registration. Regulatory notices concerning such arrangements may also address hygiene lapses and structural violations, followed by consideration of the operators' responses.
September 6, 2026
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European diesel supply dependence on alternative refiners grows amid constrained exports, weakening transatlantic flows, and restricted shipping routes.
European diesel supply is becoming increasingly dependent on Indian refining capacity as Russian diesel and gasoil exports remain constrained by export restrictions, refinery disruptions and port outages, while US shipments to Europe have weakened. Alternative supply routes offer limited additional clean-product volumes because reduced tanker crossings and lower ship-to-ship transfers offshore Oman constrain flows through the Strait of Hormuz. Low diesel inventories, seasonal demand and planned refinery maintenance increase exposure to supply disruptions.
September 5, 2026
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Tariff-driven inflation and elevated borrowing costs constrain growth, while durable deficit reduction may require spending restraint and tax increases.
Persistent inflation, elevated interest rates and rising public debt constrain economic growth policy. Tariffs and oil shortages are identified as contributing to inflationary pressures, while lower interest rates could increase money flows and worsen inflation. Tariffs, tax cuts, artificial intelligence productivity gains and anti-fraud measures are advanced as mechanisms to support growth, investment and domestic employment. Fiscal sustainability, however, cannot be achieved through growth alone where social security and healthcare costs exceed revenue growth; deficit reduction may require slower spending, spending reductions and tax increases.
September 5, 2026
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AI data centre development receives state support for a high-capacity campus and accelerated commissioning timetable.
HyperVault's proposed artificial-intelligence data-centre campus in Hyderabad is planned on 264 acres, with investment projected at up to Rs 70,000 crore and capacity of up to 1 GW. The campus is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Telangana's Chief Minister sought inauguration by June 2, 2028, while assuring required governmental sanctions and support. The project is estimated to create 7,000 jobs.
September 5, 2026
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Inflated net-worth certificates allegedly enabled secured lending, triggering fraud, breach-of-trust and asset-stripping allegations after default.
Alleged inflation of net-worth certificates is said to have induced approval and disbursal of two corporate loan facilities aggregating Rs 980 crore, each secured by continuing personal guarantees. The facilities subsequently defaulted. The FIR alleges that materially higher net-worth representations made in 2018 were later contradicted during insolvency proceedings, and attributes the lending to collusion among the guarantor, borrower entities and their officers. Allegations include cheating, creation of false documents, misappropriation and misapplication of loan funds, breach of trust, and asset stripping intended to frustrate recovery.
September 5, 2026
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AI data centre infrastructure investment enables phased deployment of high-density, liquid-cooled computing capacity using green and water-neutral design.
HyperVault plans to develop an artificial intelligence data-centre campus on 264 acres in Hyderabad, with capacity of up to 1 GW and investment by HyperVault and its partners of up to Rs 70,000 crore. The facility is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Development will proceed in phases according to customer demand and technology requirements, incorporating green-energy use and water-neutral design principles.
September 5, 2026
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Alleged inflation of personal net worth underpins fraud and breach-of-trust accusations over secured corporate lending.
CBI registration of an FIR concerns allegations that inflated personal net-worth certificates were used to secure corporate loan facilities from Life Insurance Corporation Housing Finance Ltd. The lender alleges that the certificates influenced lending decisions, the facilities subsequently defaulted, and later insolvency proceedings disclosed inconsistency between the represented and asserted net-worth figures. Allegations include collusion with borrower entities, false documentation, cheating, misappropriation of loan funds, and breach of lender trust.
September 5, 2026
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Free trade agreement utilisation requires district-level exporter support, rules-of-origin assistance, standards compliance, and coordinated market-access outreach nationwide.
Free Trade Agreement utilisation is to be advanced through coordinated action by central and state governments, sectoral ministries, Export Promotion Councils, industry associations and local export-support institutions. Preferential treatment is assessed against tariff rates faced by competing countries, while export competitiveness depends on scale, quality, customer trust and timely delivery. The Export Promotion Mission supports export credit, digitised compliance and FTA documentation, including rules-of-origin certification. District-level identification of products, clusters, new exporters and practical constraints, supported by workshops and rapid online facilitation, is intended to deepen market access.
September 5, 2026
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Automotive localisation and export competitiveness are prioritised through global-standard manufacturing, technology partnerships, sustainable mobility, and government infrastructure support.
Automotive-sector localisation, export expansion and global-standard manufacturing are prioritised to strengthen India's role in global production and trade. Companies are urged to invest in technology, innovation, research and development, use domestic scale for overseas markets, and avoid supplying inferior products domestically. Trade agreements are positioned as channels for market access, technology absorption and exports. Greater indigenisation is encouraged through component localisation, technology collaborations and expanded exports, supported by critical minerals, batteries, indigenous energy sources, research funding, plug-and-play infrastructure and industrial ecosystems.
September 5, 2026
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Circular textile procurement integrates certification, product categories and seller support to expand government markets for recycled materials.
Memorandum of Understanding for circular textile procurement links certification, standardisation and public-market access for recycled and upcycled products made from textile waste, scrap and second-hand clothes. The Textiles Committee will identify, verify, certify and recognise eligible producers and support specifications, catalogues and capacity building. Government e Marketplace will create dedicated product categories, onboard sellers, facilitate online market linkages, promote products to government buyers, and provide training and handholding to recyclers and upcyclers.
September 5, 2026
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India-EU Free Trade Agreement promotes tariff reduction, market access, investment resilience, and India-Belgium industrial and skills cooperation.
India-EU Free Trade Agreement is presented as reducing or removing tariffs on more than 95 per cent of Indian and European goods exports while protecting sensitive sectors on both sides. It is intended to expand trade, investment and economic resilience, with the Port of Antwerp-Bruges serving as a major gateway for Indian exports into European markets. India-Belgium cooperation is identified in gems and jewellery, semiconductors, green hydrogen, advanced manufacturing, agriculture and food processing, supported by mutual recognition, workforce mobility, skills development and technology collaboration.
September 5, 2026
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MSME compliance capacity-building programme launches structured learning and workplace training to develop certified paraprofessional support.
Corporate Mitra Course has commenced to develop trained and certified paraprofessionals capable of providing affordable business and regulatory compliance support to Micro, Small and Medium Enterprises. The 12-month programme includes six months of structured academic learning and six months of on-the-job training in professional firms. Its digital learning system offers recorded lectures, reference materials, assessments and learner-support facilities. The programme aims to strengthen MSME formalisation, ease of doing business, trust, transparency, accountability and orderly growth.
September 5, 2026
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Audit quality advisory committee broadens expert input on assurance, technology, and stakeholder perspectives in oversight.
NFRA has constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15 and 16 of the National Financial Reporting Authority Rules, 2018. The Committee will provide expert inputs and suggestions on matters significantly affecting audit quality, while supporting functions relating to awareness of auditing and accounting standards. Its members represent professionals, chief financial officers, audit committees, independent directors, technology experts, regulators and industry.
September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.

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Corp. Laws / SEBI / IBC

eVoting Is Mandatory in Associations via an STQC-Certified and MCA-Approved eVoting Agency Like Right2Vote

October 30, 2025

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Mumbai, Maharashtra, India – Business Wire India It is widely known that the Ministry of Corporate Affairs (MCA), Government of India, has made it mandatory for listed companies to provide eVoting facility to their shareholders via an eVoting agency certified by the Standardisation Testing and Quality Certification (STQC) Directorate, Ministry of Electronics and Information Technology (MeitY), Government of India. However, very few people are aware that the same regulation requires all associations registered as a company, with more than 1000 members, to provide eVoting facilities to their members via a STQC-certified eVoting agency. This regulation also applies to not-for-profit associations structured as Section 8 (formerly Chapter 25 under the Companies Act 1956) companies. Many associations in India are not aware of this regulation and are not providing eVoting facilities to their members. This is a clear violation of the law, and these associations and their management committee can be held liable for penalties and punishment. Not providing eVoting facilities to members amounts to a denial of the right to vote to members. The objective of the said regulation is to protect the rights of small and marginal members and ensure that the organisation is run democratically. It aims to ensure that a few members are not able to monopolise the management of the organisation. If an association uses an eVoting agency which is not approved by MCA, the election would be considered invalid (void ab initio). This can lead to legal problems for the management committee and the association. Beware of fraudulent agencies which claim to be STQC certified There are a few fraudulent eVoting agencies in India which use the STQC logo without permission on their website; they fake a Cert-in empanelled agency certificate as an STQC certificate. There is another kind of fraudulent eVoting agency who have just done OWASP top 10 security testing, and has a certificate only for OWASP top 10 from STQC, but represents that they are a STQC-approved eVoting agency. It should be noted that an STQC-approved eVoting agency has to go through testing on more than 500 parameters, which include GIGW parameters, MCA parameters, Functional Testing, Security Testing, OWSAP top 10 testing, Cloud, network and application security testing, and VAPT testing. How to differentiate between approved agencies from fraudulent agencies The STQC website mentions the list of eVoting agencies tested and certified by them, the most prominent being Right2Vote. Also, after the STQC certificate, MCA issues an approval letter to such agencies. To avoid being defrauded by such fraudulent eVoting agencies, check the STQC website and also check for the MCA approval letter. Right2Vote Vs Others Although a couple of central securities depositories (CDS) are also certified by STQC and approved by MCA, the best eVoting agency for association elections in India is Right2Vote. Right2Vote is the best eVoting software for association elections due to the following reasons: 1. Features-rich and customizable: These central securities depositories’ eVoting platform was created for shareholder voting and has features suited for shareholder voting only. Right2Vote’s eVoting platform provides many advanced security and transparency features, including Secret Ballot, Audit Trail, Voter Receipt, Two-Factor Authentication, Team/Committee Elections, Weighted Votes, Candidate picture on the ballot page, Face Recognition and Voter Selfie. The election can be customised based on the nature of the election and the requirements of the specific association. 2. 24*7*365 support: Right2Vote provides 24*7*365 support for creating and managing elections. Even urgent requirements or last-minute requirements for eVoting are accommodated by Right2Vote. 3. Manages more than 3000 elections every year across sectors: The Right2Vote platform is flexible and feature-rich, enabling the management of 600 different kinds of elections. Right2Vote has been conducting eVoting for more than 10 years and manages more than 3000 elections every year across Trade Associations, Professional Associations, Resident Welfare Associations (RWA), Not-For-Profit Associations, Employee Associations, Companies, Cooperatives, Colleges, Clubs, Unions, Societies, Trusts, NGOs, etc. 4. Certified by STQC and approved by MCA three times in the last 7 years: Right2Vote platform has been certified, tested and approved by STQC, MeitY and MCA, not once but 3 times in 7 years. The most recent is in 2025. MCA requires the testing and certification to be renewed every three years. 5. Real Secret Ballot: Many elections, especially management committee elections in an association, require a Secret Ballot. A Secret Ballot is required, as without it, there is a risk of coercion. Candidates might trouble voters if they discover the voter's voting choice. Most eVoting platforms do not have a true secret ballot feature. They store the individual vote preference data on their system. They claim a secret ballot via encryption. However, encrypted data can be decrypted by the management of the voting agency. Right2Vote is the only agency that offers a true secret ballot. In Right2Vote, the individual voter's vote preference is not stored in the system, and therefore, there is no chance of any leakage or coercion. 6. Cloud-hosted and secure: Right2Vote offers a cloud-hosted eVoting platform which is 100% secure. Cloud-based redundancy ensures that data is secure even in the case of climatic disasters or other disasters. Right2Vote is tested and certified by Cert-in empanelled agency for cloud security, network security, application security and Vulnerability Assessment and Penetration Testing (VAPT). 7. Awards: Right2Vote has been awarded for its eVoting technology by Microsoft, Facebook, IIT Bombay, IIM Calcutta, NASSCOM and many others The said regulation does not make eVoting mandatory for associations with fewer than 1000 members and associations not registered as companies. However, it is recommended for all associations to provide eVoting facilities to their members to ensure wider participation and protection of minority rights. Also, it is in the interest of all associations to conduct eVoting only via an STQC-certified and MCA-approved eVoting agency like Right2Vote to ensure accuracy, higher participation, 100% security and transparent elections. Providing eVoting facility to members increases member participation substantially, leading to more democratic results. To View the Image, Click on the Link Below: Right2Vote is a STQC certified and MCA approved eVoting Software for associations (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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