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    Haryana govt, RBI review measures to tackle financial frauds
    Union law minister Meghwal inaugurates ITAT's new premises in Kolkata
    Enabling Filing of Appeals in Cases Involving NIL or Zero Demand Amount
    DGFT Introduces Open API Facility for Certificate of Origin on the Trade Connect e-Platform
    Amid global turmoil, India maintained momentum of its economic growth, says Amit Shah
    Zaggle Brings Cricket and Business Together in Hyderabad; Hosts Padma Bhushan Dr. Sunil Gavaskar
    AI may accelerate anti-competitive practices in digital markets: CCI chief
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for India to Emerge as a Global Medical and Healthcare Destination
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Trained Caregivers and Wider Hospital Participation in Heal in India Gateway
    Rupee falls 7 paise to close at 94.50 against US dollar
    India Must Build Resilient, Globally Integrated Healthcare Supply Chains: Commerce and Industry Minister Shri Piyush Goyal at Bharat Health Global Exp...
    Rupee rises 4 paise to 94.39 against US dollar in early trade
    Jantar Mantar student stir, mass struggles could impact Assembly polls: MA Baby
    FDA awaiting response from restaurants at Mumbai Cricket Association premises: Mundhe
    India emerges as key diesel supplier to Europe as Russian, US flows falter
    Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him
    Telangana CM urges TCS'' HyperVault to launch its Hyderabad AI data centre by June 2028
    CBI FIR against Subhash Chandra for 'inflating' net worth to secure Rs 980 Cr in loans
    TCS subsidiary HyperVault to invest Rs 70,000 cr to develop Hyderabad AI data centre
    CBI FIR against Subhash Chandra for 'inflation' of net worth to secure nearly Rs 1,000-cr in loans
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September 7, 2026
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Appeals against NIL or Zero GST demand orders are enabled where taxpayers paid liabilities before issuance of the order.
GST Portal validation restricting appeals against demand orders showing NIL or Zero demand has been removed where a liability dispute exists and the taxpayer made payment before issuance of the demand order. Taxpayers may challenge such orders by filing an appeal in Form GST APL-01, and may raise a ticket with the GST Helpdesk if filing difficulties arise.
September 7, 2026
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Certificate of origin API integration enables exporters to submit applications, receive certificates, verify issuance, and reduce repetitive data entry.
Open API integration for Certificates of Origin enables eligible exporters to connect ERP, accounting and other business software with the Trade Connect e-Platform for electronic application submission. The facility covers preferential and non-preferential certificates, provides authentication, file-submission and certificate-verification APIs, and maintains a transaction ledger for application tracking. Security measures include digital signatures, password hashing, IP whitelisting and time-limited access tokens. Relevant origin criteria, fields and validation rules are automatically applied according to the selected trade agreement or certification scheme.
September 7, 2026
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Free trade agreements and strategic partnerships were identified as supporting India's trade engagement and economic growth amid geopolitical disruption.
India's international economic engagement through free trade agreements and strategic partnerships was identified as a means of sustaining economic growth amid geopolitical disruption. Economic cooperation was described as extending across defence, technology, energy, investment and trade. Nine free trade agreements were stated to have been concluded by 2026, with further trade arrangements proposed with other countries. Pursuit of free trade agreements was linked to increasing trade and to reported first-quarter GDP growth in the financial year 2026-27.
September 7, 2026
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Leadership, talent recognition and legacy framed a discussion linking cricketing performance with entrepreneurship and organisational responsibility.
No FEMA or RBI regulatory measure, compliance obligation, legal interpretation, or adjudicatory determination is identified. The subject matter concerns leadership, performance and entrepreneurship, with emphasis on preparation, decision-making under pressure, teamwork, recognising potential and supporting talent. Corporate success is linked with creating opportunities, contributing to society and building a lasting legacy. Zaggle is described as providing enterprise spend management, card-based financial products through banking partnerships and software offerings for corporate customers.
September 7, 2026
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AI-driven digital markets require competition scrutiny of autonomous pricing, self-preferencing, discriminatory pricing, tying, and market manipulation.
Artificial intelligence may accelerate anti-competitive conduct in digital markets through self-preferencing, discriminatory pricing, tying and market manipulation. Agentic AI may create particular concerns where it monitors competitors' prices and autonomously responds without direct human intervention. Competition law aims to prevent anti-competitive practices, promote competition, protect consumers and preserve freedom of trade, while allowing legitimate growth and innovation. Market dominance is not objectionable in itself; concern arises from abuse of dominance through exclusionary or exploitative practices.
September 7, 2026
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Healthcare innovation and supply-chain self-reliance are prioritised through trade access, investment, research collaboration, testing infrastructure, and quality standards.
Healthcare-sector development priorities seek to expand medical devices, diagnostics, digital health, research, and pharmaceutical machinery through exports, import substitution, and services growth. Free trade agreements are presented as supporting preferential market access, services opportunities, and mobility. Sectoral growth is linked to startup incubation, intellectual-property capability, international research collaboration, technology transfer, and joint ventures. Healthcare self-reliance requires indigenous equipment, critical components, resilient supply chains, shared testing and certification infrastructure, and uncompromising quality standards.
September 7, 2026
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Medical value tourism quality standards prioritise verified hospitals, ethical treatment, transparent pricing, and seamless international patient care.
Medical value tourism is proposed to expand through trained caregivers, transparent treatment packages, ethical hospital practices, seamless reimbursement and cashless-payment systems, telemedicine, and verified hospital participation. International patients are intended to receive care through accredited quality systems, supported by interpreters, global outreach, and coordinated healthcare networks. Expansion beyond metropolitan areas must maintain equivalent high-quality care for domestic and foreign patients without discrimination. Certification systems are expected to remain professionally independent and free from unethical influence.
September 7, 2026
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Foreign exchange market pressures from rising crude oil and weak domestic equities constrained rupee support from foreign inflows.
Foreign exchange market conditions caused the rupee to depreciate against the US dollar despite support from FCNR dollar inflows and a softer dollar. Rising crude oil prices, weak domestic equities and global headwinds constrained gains. The outlook remained dependent on foreign inflows, dollar movements, crude prices, market sentiment and inflation data, with geopolitical tensions capable of increasing pressure on the currency.
September 7, 2026
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Healthcare supply-chain resilience requires diversified sourcing, global investment, domestic innovation, and stronger medical-device production supported by enabling infrastructure.
Healthcare supply-chain resilience requires diversified sourcing, restoration of domestic capacity in Active Pharmaceutical Ingredients and Key Starting Materials, and continued imports where necessary through multiple suppliers and geographies. Pharmaceutical industry growth should move beyond generics towards research, development, patented products, new molecules, biosimilars and biotechnology. Regulatory convergence should support clinical trials, patenting and new-product introduction. Government support is contemplated for medical value travel, healthcare infrastructure, bulk drug parks, plug-and-play facilities, medical-device component production and scientific validation of Ayush products.
September 7, 2026
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Foreign exchange market pressures offset rupee support from FCNR inflows amid higher crude oil and dollar demand.
The rupee gained marginally against the US dollar, supported by FCNR-related dollar inflows and robust liquidity. Elevated Brent crude prices, safe-haven dollar demand and geopolitical tensions constrained this support. Higher oil prices may enlarge India's import bill, increase dollar demand and pressure the rupee, although rising foreign-exchange reserves indicated external-sector strength.
September 6, 2026
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Census data privacy and electoral integrity concerns emerge alongside calls to repeal insolvency law and protect political dissent.
CPI(M) called for repeal of the Insolvency and Bankruptcy Code, alleging that insolvency processes enabled diversion of public resources. It questioned economic growth figures against agricultural weakness, mining contraction, higher input costs, inflation, unemployment and malnutrition. The party also raised Census data privacy concerns over caste-data collection, potential linkage with government databases, and possible implications for citizenship, electoral rolls and future delimitation.
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.

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Corp. Laws, SEBI & IBC

Year-end review 2025: Ministry of Corporate Affairs

January 2, 2026

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Threshold limit of paid-up share capital and turnover for small companies enhanced

The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 on 31st December, 2025 amended to provide easier procedure for closure of government companies filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013

Annual KYC requirements under the Companies Act, 2013 replaced with abridged KYC requirements once in three years

Reforms in Merger and Acquisition Framework undertaken

 Integrated Portal and Dedicated Call Centre by IEPFA launched

General Circulars  issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM)

A total of 1300 resolution plans  approved till September 2025 under Insolvency and Bankruptcy Code; creditors realised Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value

Establishment of 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1st January, 2026.

The major initiatives and achievements of the Ministry of Corporate Affairs during the year 2025 are as under:

Reforms in Merger and Acquisition Framework

In line with Para 101 of the Union Budget 2025–26, the Government amended the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 on 4th September 2025 to widen the scope of Fast Track Mergers and Demergers under Section 233 of the Companies Act, 2013.

The amendments allow the following additional classes of companies to avail fast-track mechanisms:

  • Two or more unlisted companies (other than Section 8 companies) meeting prescribed thresholds;
  • Holding and subsidiary companies, excluding cases where the transferor is a listed company;
  • Two or more subsidiaries of the same holding company, excluding cases where the transferor is a listed company.

These changes are expected to significantly reduce time and cost for corporate restructuring.

Achievements under Ease of Doing Business

The Ministry of Corporate Affairs (MCA) has undertaken several policy, regulatory, institutional and technology-driven initiatives to further simplify compliance, strengthen corporate governance, and enhance India’s business environment. Key achievements include:

1. Notification of Regulations

During 2025, the Ministry reviewed and notified a series of amendments under the Companies Act, 2013 to rationalise compliance requirements and improve transparency.

2. Circulars Issued

Several General Circulars were issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM). These measures significantly reduced compliance burden on companies during the transition phase.

3. MCA vide notification no. G.S.R. 880(E) dated 01.12.2025 has enhanced the threshold limit of paid-up share capital and turnover upto Rs.10 crore and Rs.100 crore respectively for small companies.

4. The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 have been amended on 31st December, 2025 to provide easier procedure for closure of government companies filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013.

The amendment provides that in such cases, the indemnity bond in respect of one or more directors appointed or nominated by the Central Government or State Government shall be given by an authorised representative (not below the rank of Under Secretary or equivalent) in the administrative Ministry or Department of the Government of India or the State Government on behalf of the Company. This amendment is aimed at faster closure of government companies which are eligible to apply for removal of their names from register of companies as per provisions of section 248(2) of the Companies Act, 2013.

5.The annual KYC requirement for directors in companies under rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014 has been reviewed pursuant to examination in the Ministry of Corporate Affairs, recommendation made by the High Level Committee on Non-Financial Regulatory Reforms (HLC-NFRR) and suggestions received from stakeholders. The relevant rule in this regard matter has been amended by the M/o Corporate Affairs in consultation with concerned Ministries/ Departments.   Pursuant to the amendment in the Rules notified on 31st December, 2025 (to be effective from 31st March, 2026), annual KYC filing requirement has been replaced with a simpler KYC intimation once in every three years.  This amendment is aimed at providing significant ease of compliance to directors in all companies. 

Achievements under Investor Education and Protection Fund Authority (IEPFA)

In August 2025, IEPFA launched an Integrated Portal and Dedicated Call Centre to enable faster claim settlement and enhanced investor support.

  • The portal integrates MCA-21, NSDL/CDSL, and PFMS into a single automated workflow, reducing post-approval transfer time for shares and dividends from several months to 1–2 days.
  • Since its launch, over 24026 claims have been approved taking total approvals in the current financial year to 27231.
  • Re-notified Form IEPF-5 and Electronic Verification Report (EVR) were introduced w.e.f. 6th October 2025, enabling auto-fetching of bank details and pre-validation of shareholding data.
  • A dedicated call centre now provides faster grievance redressal and investor assistance.

These reforms have transformed claim disposal into a fully digital, transparent, and investor-friendly process.

Achievements and reforms under Insolvency and Bankruptcy Code, 2016

  • The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was introduced in the Lok Sabha on 12th August 2025 to reduce timelines, improve value maximisation, and strengthen governance. The Bill also proposes frameworks for creditor-initiated insolvency, group insolvency, and cross-border insolvency, and is presently under examination by the Select Committee of the Lok Sabha.
  • Till September, 2025, a total of 1300 resolution plans have been approved under the Code with creditors realising Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value (based on 1177 cases where fair value has been estimated). The haircut for creditors relative to the fair value of assets was around 6%, while relative to their admitted claims is around 67%.
  • As a major technology-driven reform, an integrated digital platform for the Insolvency and Bankruptcy Code (IBC) ecosystem is currently under development. The platform aims to integrate all key stakeholders and institutions forming the pillars of the insolvency framework, including National Company Law Tribunal (NCLT), Insolvency and Bankruptcy Board of India (IBBI), Information Utilities (IUs),Insolvency Professionals (IPs). This integrated technology platform is expected to significantly enhance coordination, transparency, data availability, and process efficiency across the insolvency value chain, thereby improving the ease of doing business and strengthening creditor confidence.
  • In this regard, the Project Monitoring Unit (PMU) for the iPIE project has been onboarded on 16th December, 2025. Further, the Request for Proposal (RFP) for selection of the System Integrator has been issued, and the evaluation of technical bids received in response to the RFP is currently underway.
  • These reforms, particularly the digital integration of the insolvency ecosystem, are expected to improve credit availability to businesses, reduce transaction costs, and ensure faster and more predictable outcomes. Collectively, these initiatives reaffirm the Government’s commitment to making India one of the top global destinations in Ease of Doing Business.

Achievements under Competition Law

  • Antitrust Enforcement:35 new antitrust cases were registered and 19 cases were decided by the Competition Commission of India (CCI).
  • Mergers and Acquisitions:76 combination notices were filed and 78 notices were disposed of during the period.
  • Market Study on Artificial Intelligence: CCI released its Market Study on Artificial Intelligence and Competition on 6th October 2025, providing insights into AI market structures, trends, and competition concerns.
  • Advocacy and Capacity Building: 108 outreach programmes were conducted by State Resource Persons on competition law and public procurement.

Achievements under Prime Minister Internship Scheme (PMIS)

The Prime Minister Internship Scheme, announced in Budget 2024–25, aims to provide over one crore internships over five years.

  • Pilot phase was launched in October 2024. The response from India’s youth was significant with 7.3 lakh candidates creating profiles across the two rounds. A combined total of registered 1.65 lakhs internship offers were extended, resulting in about 16,000 youth joining the internships.
  • Interns receive ₹5,000 monthly stipend through DBT model. Additionally, interns receive one-time grant of ₹6,000 to cover incidental costs upon joining. PMIS also facilitates social security coverage under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offering life and accident insurance to interns.
  • The scheme prioritises inclusivity and provides structured 12-month, industry-linked internships across 25 sectors, including automobiles, hospitality, banking, manufacturing, FMCG and more.

Strengthening Institutional Infrastructure

To enhance regulatory reach and improve service delivery, the Ministry will operationalise 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1st January, 2026. These offices have been established keeping in view the rapid growth in the number of corporate entities and future regulatory requirements.

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Acts Income Tax