Delisting of public sector undertakings: fixed-price process with valuation-based floor and mandatory premium over valuation.
Delisting of public sector undertakings (excluding banks, NBFCs and insurers) must be by fixed-price process, approved by shareholders via special resolution through postal ballot or e-voting, with an explanatory statement. The acquirer together with other public sector undertakings must meet the prescribed shareholding threshold. The floor price is the highest of recent volume weighted acquisition price, highest recent acquisition price, and a joint valuation price from two independent registered valuers, and the delisting price must include a mandatory premium over that floor. Provisions govern transfer and holding of unpaid amounts and their eventual transfer to investor protection funds where a voluntary strike-off occurs within the specified post-delisting window.

Investor protection fund funding source expanded: delisting-proceeds transfers now formally included as eligible contributions to the fund.
An amendment adds an explicit eligible-transfer provision to the Investor Protection and Education Fund to include monies transferred under the delisting framework, and updates cross-references in the Fund's eligibility and proviso provisions so the new transfer clause is cited alongside existing clauses; the amendment takes effect on publication in the Official Gazette.

Renewal of recognition for a clearing corporation is granted, subject to ongoing compliance with SEBI conditions and oversight.
Renewal of recognition is granted to National Commodity Clearing Limited as a clearing corporation for a fixed three-year period commencing in September 2025 under Regulation 12, on the basis that renewal is in the interest of trade, the securities market and the public, and is subject to the condition that the Clearing Corporation shall comply with conditions specified by the Securities and Exchange Board of India from time to time and any further conditions that may be prescribed.

Computation of minimum investment updated: temporal references extended to later assessment years for exempt income rules.
Amends rule 2DCA of the Income tax Rules, 1962 to revise temporal references used in computing minimum investment and exempt income under clause (23FE) of section 10 by substituting earlier terminal years with later ones in sub rules (2), (3) and (4) and by updating calendar year references in Explanation 1 clauses (d), (e) and the proviso to clause (h); the amendment is effective on publication.

Tariff value fixation updated for edible oils, brass scrap, precious metals and areca nut; new values effective end of August.
The Central Board of Indirect Taxes & Customs substitutes revised TABLE 1, TABLE 2 and TABLE 3 into the principal non tariff notification to set tariff values for specified edible oils, brass scrap, designated categories of gold and silver (with scope and exclusions), and areca nut; these revised benchmark US dollar tariff values apply for import valuation purposes and take effect from 30th August, 2025.

Customs exemption extension for raw cotton deadline extended, altering the terminal date of the existing notification.
Central Government, exercising powers under sub-section (1) of section 25 of the Customs Act, 1962 read with section 124 of the Finance Act, 2021, amends an earlier notification by substituting the terminal date in paragraph 2 to extend the operative period of the customs duty exemption on raw cotton.

Export Obligation period change extends EO for inputs under mandatory QCOs, aligning EO duration with Handbook provisions.
Amendment to Para 2.03(A)(i)(g) removes the 180-day EO restriction for inputs subject to mandatory Quality Control Orders and prescribes that the Export Obligation period for such Advance Authorisations shall henceforth follow the timeline specified in the Handbook of Procedures, thereby extending the EO applicable to those products from the previous six-month limit to the Handbook-prescribed duration.

Appointment of NFRA officers: Central Government names Chairperson and Members with fixed tenure and service rules.
Central Government appoints a Chairperson and three Full-Time Members of the National Financial Reporting Authority, effective from their date of entry into office, for three years or until attaining the age of sixty-five years, whichever is earlier; their terms and conditions of service are governed by the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018.

Scientific research approval under Section 35(1)(iia) extends tax recognition to the company's R&D activities for specified years.
Approval is accorded to M/S IIT Madras Research Park for Scientific Research under the tax approval mechanism established by Section 35(1)(iia) read with the corresponding rule, recognising the company's research activities as qualifying for the tax provision and setting a time-bound period of applicability, with certification that retrospective effect does not adversely affect any person.

Companies (Incorporation) Second Amendment Rules 2025 substitute Form RD 1, mandating detailed application data, attachments, and declarations.
The amendment replaces Form RD-1 in the Companies (Incorporation) Rules, 2014, effective 15 September 2025, and requires applicants to file structured applications to the Central Government (Regional Director) for specified purposes (change of financial year, name rectification, conversion, or scheme approval). The form mandates identity and contact data, statutory basis, resolution details, creditor particulars, prior filing history, and attachments (board/special resolutions, advertisement, scheme, authorization), plus Rule 41 declarations and digital signature by authorized signatories.

Drawback rate adjustment for gold and silver jewellery updated, substituting earlier AIR figures with higher rates.
Amends the Customs notification setting drawback rates for gold and silver jewellery by substituting revised figures in the Schedule for specified Chapter 71 tariff entries. The amendment directs replacement of the prior column (4) amounts with new amounts for three listed tariff items, thereby modifying the applicable drawback amounts payable on export of the concerned articles under the existing drawback rules.

Minimum Export Price for natural honey reduced, lowering export threshold and effective immediately until policy period end.
The notification amends the Minimum Export Price (MEP) for natural honey under the export policy, reducing the MEP and making the revised MEP effective immediately until the end of the stated policy period; the change is effected under powers granted by the Foreign Trade (Development & Regulation) Act and amends an earlier DGFT notification.

Virgin multi-layer paper board imports now require PIMS registration and face a CIF minimum import price of INR 67,220/MT.
Imports under HS codes 48059100, 48059200, 48059300, 48109200 and 48109900 are free subject to Compulsory Registration under the Paper Import Monitoring System (PIMS); however, import of Virgin Multi-layer Paper Board (VPB) with CIF value below INR 67,220/MT is restricted and effectively subject to a Minimum Import Price (MIP) of INR 67,220/MT on CIF until 31 March 2026.

Tax exemption under section 10(46) for Credit Guarantee Fund Trust for specified income, subject to non-commercial and filing conditions.
Notification grants an income tax exemption to the Credit Guarantee Fund Trust for Animal Husbandry and Dairying for specified receipts - guarantee fees from eligible lending institutions, income from mutual funds, miscellaneous income, and interest income from banks/financial institutions - subject to conditions that the Trust not engage in commercial activity, that activities and nature of specified income remain unchanged, and that the Trust file returns as required by the relevant statutory return-filing provision.

Tax exemption under section 10(46) for construction workers' welfare board: specified receipts exempt subject to conditions.
Notification exempts specified receipts of the Karnataka State Building & Other Construction Workers' Welfare Board under section 10(46) of the Income-tax Act, covering Central Government grants, centrally decided other sums, cess collected under the Building and Other Construction Workers' Welfare Cess Act, registration fees and annual subscriptions, and bank deposit interest. The exemption is subject to conditions: no commercial activity, unchanged activities and income nature during the notified years, and filing returns as required by clause (g) of sub section (4C) of section 139.

Tax exemption under section 10(46A): Kanpur Development Authority notified as exempt authority effective assessment year 2024-25.
The Central Government notifies Kanpur Development Authority, constituted under the Uttar Pradesh Urban Planning and Development Act, as an exempt authority under the specified clause of the Income-tax Act, effective from assessment year 2024-2025, subject to its continuing status under the state urban planning statute and carrying one or more specified purposes required for eligibility; an explanatory memorandum certifies no person is adversely affected by retrospective effect.

Specified fund definition revised under rule 21AIA, aligning its meaning with the Income-tax Act explanation.
Rule 21AIA is amended by omitting sub-rule (4) and substituting the Explanation so that the expression "specified fund" shall have the same meaning as assigned in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Income-tax Act; the amendment takes effect on publication in the Official Gazette.

IFSC Insurance Office gross income clarified; permits nil reporting in Form 10CCF when profits computed under First Schedule.
Form No. 10CCF (Annexure A) is amended to state that, for a Unit that is an IFSC Insurance Office undertaking insurance business, gross income in serial number 6 means the profit and gains calculated under the presumptive computation provisions and the First Schedule; and that the gross eligible income field in serial number 9 may be submitted as nil where profits and gains are so computed.

Extension of Return Due Date: GSTR-3B filing for specified Maharashtra districts moved to late August for July period.
The Commissioner, on the Council's recommendation, has extended the due date for furnishing FORM GSTR-3B for the month of July, 2025 to the twenty-seventh day of August, 2025 for registered persons whose principal place of business is located in the districts of Mumbai (City), Mumbai (sub-urban), Thane, Raigad and Palghar in Maharashtra and who are required to furnish returns under the statutory return-furnishing provisions read with the relevant rule of the Central Goods and Services Tax Rules, 2017.

Anti-dumping duty extension on fluoroelastomers preserves levy on imports from China PR pending further government action.
The Central Government amended the principal anti dumping notification to insert a provision that the anti dumping duty on imports of Fluoroelastomers (FKM) from China PR shall remain in force up to and including 26th February, 2026, unless revoked, superseded or amended earlier, following initiation of a review by the designated authority under the Customs Tariff Act and the anti dumping rules.