Central Government appoints Assistant Legal Advisor as Special Public Prosecutor to represent Enforcement Directorate in PMLA proceedings nationwide
The Central Government appoints an Assistant Legal Advisor as Special Public Prosecutor to conduct cases for the Directorate of Enforcement before Special Courts under the Prevention of Money-Laundering Act across India, by notification dated 4 September 2025, exercising its statutory powers; the appointment authorizes nationwide representation of the enforcement agency in PMLA proceedings.

Central Government appoints advocates as Special Public Prosecutors for Directorate of Enforcement under PMLA 2002 with specified tenures
The Central Government appoints the listed advocates as Special Public Prosecutors to conduct prosecutions on behalf of the Directorate of Enforcement before Special Courts under the Prevention of Money-Laundering Act, 2002, with appointments effective from their respective dates of appointment and ending on the varying tenure end-dates specified; the appointees are assigned to particular States, Union Territories, zones or sub-zones as indicated, and tenures expire on specified dates between December 2025 and August 2027.

Corrigendum fixes typographical and drafting errors in Income-tax Act, 2025 and Bills of Lading Act, 2025
Corrigendum issued 3 September 2025 amends typographical and drafting errors in the Income-tax Act, 2025 and a single correction in the Bills of Lading Act, 2025 as published in the Gazette. Corrections include word substitutions (e.g., "assesse" to "assessee," "previous" to "tax" where context demands), punctuation and plurality fixes, corrected section and statute references, marginal heading adjustment, and minor wording changes (e.g., "as prescribed" to "as may be prescribed," "or taken" to "done or taken"). The notice is published by the relevant government legislative department.

Central government educational board notified eligible for tax exemption under s.10(46) and s.139(4C)(g) for 2025-26 to 2029-30
A central government-constituted educational board is notified as eligible for tax exemption under section 10(46) for specified receipts - examination fees; affiliation fees; registration, sports, training and other academic receipts; project/programme receipts; interest on bank deposits/securities/loans and income tax refunds; and interest attributable to those receipts - for financial years 2025-26 to 2029-30 (assessment years 2026-27 to 2030-31), subject to conditions that it shall not undertake commercial activities, its activities and specified income remain unchanged, and it files returns as required under clause (g) of section 139(4C).

Central government exempts state pharmacy council from tax on fees, subscriptions, interest under Section 10(46); return rules Section 139(4C)(g)
The Central Government, exercising clause (46) of section 10 of the Income-tax Act, 1961, notifies that a state statutory pharmacy council is exempt from tax on specified income-fees and subscriptions and interest-subject to conditions: it must not undertake commercial activity, its activities and the nature of the specified income must remain unchanged during the relevant years, and it must file returns as required by section 139(4C)(g). The notification applies retrospectively to financial years 2018-19 through 2022-23 (assessment years 2019-20 to 2023-24) and is certified as not adversely affecting any person.

Central Government exempts Howrah Bridge body from tax on specified income under Section 10(46), subject to Section 139(4C)(g) compliance
The Central Government, exercising powers under section 10(46) of the Income-tax Act, 1961, notifies a body established under the Howrah Bridge (Amendment) Act, 1965 as exempt from tax on specified income comprising municipal/railway tax proceeds, certain miscellaneous receipts (rental, maintenance charges, optical-fibre laying fees, way-leave rent, damage recoveries) and bank deposit interest, for assessment years 2024-25 to 2028-29, subject to conditions that the body shall not undertake commercial activities, the nature of activities and specified income remains unchanged during the years, and income-tax returns are filed as required by section 139(4C)(g).

Central Government grants income-tax exemption to urban development authority from AY 2024-25 subject to public-purpose activities
The Central Government has granted income-tax exemption to an urban development authority constituted under the relevant state urban planning law, effective from assessment year 2024-25, subject to the authority continuing to perform one or more specified public-purpose activities required by the Income-tax Act. The notification exercises statutory power to treat the entity as an exempt authority for the stated period and includes a certification that no person will be adversely affected by the retrospective effect of the notification.

Regulator amends Portfolio Managers Regulations 2020: replaces regulation 20(xi) with Schedule IV, revises regulation 22(3), deletes Schedule V
The regulator amends its Portfolio Managers Regulations, 2020: the amendment replaces regulation 20(xi) to reference Schedule IV, substitutes regulation 22(3) to require delivery of a Board-specified Disclosure Document and a certificate in Form C (Schedule I) to clients prior to entering into management agreements, and deletes Schedule V. The amendments take effect on publication in the Official Gazette and are made under the statutory powers conferred by the securities regulator's enabling Act.

Regulator tightens Infrastructure Investment Trust rules: redefines 'public', aligns financial and valuation timelines, lowers private placement thresholds
The regulator amends the Infrastructure Investment Trusts regulations to revise the definition of "public", align timelines for submission of quarterly and annual financials and valuation reports to times specified by the regulator, and require valuation reports to be filed to trustees and stock exchanges concurrently with periodic financial results. Minimum private placement investment thresholds are lowered, certain provisos removed, and holdco negative distributable cash flows may be offset against SPV cash flows subject to specified disclosures. If consolidated borrowings exceed 49%, quarterly asset valuations and additional quarterly reporting obligations apply for specified quarters; reporting requirements for publicly offered trusts are clarified and timing harmonized with quarterly filings.

SEBI amends REIT rules: redefines 'public', treats QIBs as public, changes valuation and disclosure timing, allows holdco cash flow offsets
SEBI amends the REIT Regulations to (1) redefine "public" to exclude related parties, sponsors, sponsor group and manager while treating QIBs in offers as public; (2) adjust timing and submission requirements for quarterly and annual valuation and financial disclosures, requiring valuation reports to be submitted to designated stock exchanges with specified quarterly/annual results and simultaneously to trustees; (3) permit a holdco with negative standalone net distributable cash flow to offset it against cash flows from underlying SPVs subject to board-specified disclosure requirements; and (4) make various technical and proviso deletions and textual substitutions across regulations 2, 10, 14, 18 and 21.

Regulator adds special delisting rules for public sector undertakings requiring 90% public ownership and fixed-price, 15% above floor
The regulator amended delisting rules by adding special provisions for delisting equity of public sector undertakings (excluding banks, NBFCs and insurers). Delisting may occur if the acquirer and other public sector undertakings hold at least 90% and shareholders approve by special resolution via postal ballot or e-voting; the process must be fixed price. The floor price is the highest of 52-week VWAP of acquisitions, highest acquisition price in 26 weeks, or a joint valuation by two registered valuers, and the delisting price must be at least 15% above that floor. If the company is struck off within a narrow post-delisting window, unpaid amounts for remaining public shareholders must be held by the designated exchange for seven years and thereafter transferred to investor protection funds, with reimbursement procedures prescribed by the regulator.

Regulator adds clause (la) to Reg 4 of Investor Protection and Education Fund to accept delisting transfers under Reg 38B(3)(c)
The regulator amends the Investor Protection and Education Fund Regulations, 2009, effective on publication in the Official Gazette under statutory power. The amendment adds a new clause (la) to regulation 4 to include monies transferred under clause (c) of sub-regulation (3) of regulation 38B of the Delisting of Equity Shares Regulations, 2021. Corresponding textual changes are made in regulation 5(3) and its proviso to include reference to clause (la) alongside existing clauses, thereby expanding the Fund's scope to receive delisting-related transferred monies.

Regulator renews clearing corporation recognition for three-year term from 10 September 2025 to 9 September 2028, subject to conditions
The regulator has granted renewal of recognition to a clearing corporation under the applicable stock exchanges and clearing corporations regulations for a three-year term commencing 10 September 2025 and expiring 9 September 2028, having determined the renewal is in the interests of trade, the securities market and the public. The renewal is issued under statutory powers and is subject to the condition that the clearing corporation comply with conditions specified by the regulator from time to time, as may be prescribed or imposed subsequently.

Income-tax Rules amended: Rule 2DCA updates year references for section 10(23FE) minimum investment and exempt income calculations
The tax authority amends Income-tax Rules, 1962 (Rule 2DCA) to revise year references used in computing minimum investment and exempt income under clause (23FE) of section 10 of the Income-tax Act, substituting "2031-32" for "2025-26", "2030-31" for "2024-25", and replacing "2024" with "2030" in specified clauses and provisos. The changes, made under section 295 and related provisos and explanations, take effect from publication in the Official Gazette and update timelines that determine eligibility and calculation parameters for the specified tax exemption.

Customs fixes revised tariff values for edible oils, brass scrap, areca nut, gold and silver under section 14(2)
By exercise of powers under section 14(2) of the Customs Act, 1962, the customs authority amends the principal non-tariff notification by substituting Tables 1-3 to fix tariff values for specified imports effective 30 August 2025. Revised values are set in US$/MT for edible oils (crude and RBD palm oil/palmolein, crude soybean oil), brass scrap, and areca nut, and in US$ per unit for gold and silver (specified forms and conditions). The amendment replaces the corresponding tables in the 2001 notification.

Government extends raw cotton customs duty exemption to 31 December 2025 by amending Notification No. 35/2025-Customs para 2
The government amends a prior customs exemption notification to extend the ending date for a raw cotton customs duty exemption: the previous expiry of 30 September 2025 is replaced with 31 December 2025, continuing the exemption in the public interest under powers granted by the Customs Act and the Finance Act. The amendment modifies paragraph 2 of Notification No. 35/2025-Customs, thereby prolonging the temporary duty relief on specified raw cotton imports until the new date.

Amendment to Para 2.03(A)(i)(g) extends Advance Authorisation Export Obligation for QCO-covered imports from 6 to 18 months under Para 4.40
An amendment to Para 2.03(A)(i)(g) of the Foreign Trade Policy, 2023 revises Export Obligation (EO) timing for Advance Authorisation imports subject to mandatory Quality Control Orders (QCOs) issued by the Department of Chemicals & Petrochemicals. The prior EO restriction of 180 days is replaced so that EO periods will follow Para 4.40 of the Handbook of Procedures, effectively extending the EO for such imports from six months to eighteen months. The change applies immediately to Advance Authorisation holders, including entities in EOUs and SEZs.

Government appoints Chairperson and three full-time members to National Financial Reporting Authority under section 132(3), Rules 2018
The Central Government, exercising powers under section 132(3) of the Companies Act, 2013, appointed officers to the National Financial Reporting Authority effective 23 July 2025: one Chairperson and three full-time members. The appointments are for a three-year term or until the incumbent reaches sixty-five years of age, whichever is earlier. The appointees' 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.

Approval under section 35(1)(iia) read with Rule 5F for company's scientific research, effective April 1, 2025-March 31, 2030
The Principal Chief Commissioner of Income Tax (Exemptions) issued a notification dated 27 August 2025 granting approval under section 35(1)(iia) of the Income-tax Act, 1961 read with Rule 5F to a specified company for undertaking "scientific research." The approval is effective from 1 April 2025 to 31 March 2030, covering assessment years 2026-27 through 2030-31. The notification states that no person will be adversely affected by giving retrospective effect to the order.

Government notifies Companies (Incorporation) Second Amendment Rules, 2025 substituting new Form RD-1 effective 15 September 2025
The central government, exercising powers under multiple sections of the Companies Act, 2013, notified the Companies (Incorporation) Second Amendment Rules, 2025, to further amend the Companies (Incorporation) Rules, 2014; the rules are named accordingly and come into force on 15 September 2025. The amendment substitutes a new Form RD-1 in the 2014 rules and notes the principal rules' prior publication and most recent amendment.