Insolvency resolution process costs and creditor participation rules are tightened through new committee approval and disclosure requirements.
The amendment requires that the eighteen largest operational creditors be unrelated operational creditors, includes all such creditors where fewer than eighteen exist, and provides for observer participation by specified unrelated operational creditors where non-bank and non-public financial institution creditors hold more than sixty-six per cent voting share. It also tightens approval of insolvency resolution process costs through first-meeting approval, a Going Concern Assessment Report, and prior committee approval for later costs. The committee must further record reasons on feasibility, viability, realisable value, and market discovery when approving resolution plans.

Copyright Act commencement notified as the Jan Vishwas amendment provisions linked to the schedule entry take effect.
The Central Government appointed 15 June 2026 as the commencement date for the provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026 insofar as they relate to serial number 23 and the corresponding entry in the Schedule concerning the Copyright Act, 1957.

Financial intelligence sharing expands with inclusion of the Directorate of Naval Intelligence as a specified recipient agency.
Financial intelligence may be furnished by the Financial Intelligence Unit to specified agencies notified by the Central Government under the Prevention of Money-laundering Act, 2002, where such disclosure is considered necessary in the public interest for enabling those agencies to perform their functions. The notification amends the earlier list of authorised recipients by inserting the Directorate of Naval Intelligence as an additional specified agency entitled to receive such information.

Export realisation period shortened as the regulation reduces the time limit for goods, software and services to nine months.
The amendment shortens the export realisation period under the principal regulations by substituting nine months for fifteen months in regulation 9, including sub-regulation (1) and sub-regulation (2)(a). It applies to the realisation of export value of goods, software and services and takes effect on publication in the Official Gazette.

Common Adjudicating Authority appointment for customs show cause notice adjudication under the Customs Act, 1962.
Common Adjudicating Authority appointed for adjudication of specified customs show cause notices issued to View Sonic Technologies India Pvt. Ltd. under the Customs Act, 1962. The named Principal Commissioner/Commissioner of Customs, Import Commissionerate, Chennai, is authorised to exercise the powers and discharge the duties of the officers originally listed in relation to the identified noticee and show cause notices. The appointment is limited to adjudication of the stated notices and records the original adjudicating authorities and the designated common authority.

Common Adjudicating Authority appointed for consolidated customs adjudication of multiple show cause notices against Hewlett Packard Enterprise India Private Limited.
Common Adjudicating Authority is appointed for consolidated adjudication of multiple show cause notices issued to Hewlett Packard Enterprise India Private Limited arising from SVB Investigation Report No. 18/2024. The notification exercises powers under the Customs Act, 1962 to designate a specified officer to perform the functions and discharge the duties of the officers named in the table for adjudication of the listed notices. The appointment covers the show cause notices issued by customs formations at Bengaluru, Mumbai, New Delhi, Chennai, Kolkata, Hyderabad and Nhava Sheva.

SGST rate-schedule classification revises beverage tariff entries under concessional and higher tax schedules with effect from May 2026.
Madhya Pradesh SGST rate-schedule classification is amended to substitute specified beverage tariff entries in the schedules attracting 2.5% and 20% tax rates. Schedule I entries 150 and 151 are revised for tariff headings 2202 99 21, 2202 99 29, 2202 99 31 and 2202 99 39. Schedule III entries 2 and 3 are revised for specified headings including 2202 91 00, 2202 99 91 and 2202 99 99. The amendments operate from 1 May 2026.

Textual correction in central excise notification substitutes one figure in the published notification.
A corrigendum to Notification No. 05/2025-Central Excise (N.T.) corrects a textual error in the published notification. In line 12 at page 24, the figure "23" is substituted with "24". The correction is limited to this specific amendment and does not indicate any broader change in the notification's substance.

GST rate schedule amendments revise tariff classification entries for specified goods and apply retrospectively from May 2026.
Amendment notification under the West Bengal Goods and Services Tax Act, 2017 revises the classification entries in the rate schedules of an earlier notification on GST rates for specified goods. In Schedule I at 2.5%, the existing tariff entries against serial numbers 150 and 151 are substituted to expand the covered headings, and in Schedule III at 20%, the entries against serial numbers 2 and 3 are similarly substituted to revise the tariff coverage for the relevant goods descriptions. The notification gives retrospective effect from 1 May 2026.

Commencement of scheduled amendments under the Jan Vishwas Act brings specified pipeline law provisions into force.
The Central Government has appointed 2 June 2026 as the commencement date for the relevant provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026, limited to serial number 30 and the corresponding Schedule entries relating to the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962. The notification operates under the power to fix the date of commencement for the specified provisions only.

Statutory commencement notification brings into force amendments relating to the Petroleum and Natural Gas Regulatory Board Act.
Brings into force, from 2 June 2026, the provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026 relating to serial number 61 and the corresponding Schedule entries concerning the Petroleum and Natural Gas Regulatory Board Act, 2006.

Quality Control Orders exemption for SEZ imports is broadened, while Domestic Tariff Area clearances remain subject to compliance.
Exemption from applicability of Quality Control Orders (QCOs) issued under the BIS Act, 2016 is extended to SEZ Units and SEZ Developers for import of all permissible goods, including raw materials, components, consumables, spares and capital goods, for authorised operations within Special Economic Zones. The exemption applies only to use within the SEZ, and any removal, transfer or clearance into the Domestic Tariff Area must comply with applicable QCOs, BIS requirements and other laws in force. An undertaking must be submitted at importation.

Import policy restrictions on silver imports require nominated agencies and DGFT authorisation for specified HS codes.
Import policy conditions for specified silver-related ITC HS codes under Chapter 71 are amended with immediate effect. Imports of silver powder, unwrought silver grains, silver containing 99.9 per cent or more by weight, and other specified silver items are restricted to nominated agencies notified by the Reserve Bank of India for banks and by the Directorate General of Foreign Trade for other agencies, against a valid Import Authorisation issued by the DGFT. Where permitted, qualified jewellers notified by the IFSCA may import through India International Bullion Exchange, and silver dore may be imported by refineries against a licence with AU condition.

Trade policy consultation platform expanded as forty non-official members are nominated to the Board of Trade.
Forty non-official members are nominated to the Board of Trade in supersession of the earlier nomination of 29 members. The Board is to function as a consultative platform for State Governments and Union Territories on trade policy, export strategy, international trade developments, District Export Hub activities, trade infrastructure, export performance, institutional framework, and procedural rationalisation for imports and exports.

Countervailing duty on textured tempered glass from Malaysia continues with producer-based rates and invoice certification requirements.
Countervailing duty is imposed on textured toughened (tempered) coated and uncoated glass imported from Malaysia under specified tariff headings, with differentiated rates for named producers and other producers. The named-producer rates apply only on production of a valid commercial invoice containing the prescribed manufacturer declaration; otherwise, the rate for other producers applies. The duty remains in force for five years from publication unless earlier revoked, superseded or amended, and the notification also specifies the exchange-rate basis and meaning of CIF value.

GST rate notification amendment revises tariff entries for specified goods classifications under Maharashtra state tax schedules.
Amends the Maharashtra State Tax rate notification by substituting specified tariff entries in Schedule I, rate 2.5%, and Schedule III, rate 20%, for certain goods classification numbers. The amendment revises the entries against Serial Nos. 150 and 151 in Schedule I and Serial Nos. 2 and 3 in Schedule III, updating the tax rate mapping for the identified product categories.

Patents Act commencement notification brings specified Jan Vishwas amendment provisions into force from the notified date.
The Central Government appoints 1 June 2026 as the commencement date for the Jan Vishwas (Amendment of Provisions) Act, 2026, insofar as it relates to serial number 35 and the corresponding Schedule entries concerning the Patents Act, 1970. The notification exercises the power under sub-section (2) of section 1 of the amendment Act and brings the specified patent-related provisions into force from the notified date.

Commencement of scheduled provisions under the Jan Vishwas amendment for British India Corporation shares acquisition law.
The Central Government has appointed the date of publication of the notification as the date on which the provisions at serial number 44 of the Schedule to the Jan Vishwas (Amendment of Provisions) Act, 2026 shall come into force in relation to the British India Corporation Limited (Acquisition of Shares) Act, 1981. The notification is issued under the power conferred by sub-section (2) of section 1 of the Jan Vishwas (Amendment of Provisions) Act, 2026.

Registered valuer organisations face revised eligibility conditions, including capital, object, and bye-law requirements under the amended rules.
The Companies (Registered Valuers and Valuation) Amendment Rules, 2026 amend the Companies (Registered Valuers and Valuation) Rules, 2017 with immediate effect from publication in the Official Gazette. Rule 12(1)(i) is substituted to require registration under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013, a minimum paid-up share capital of twenty-five lakh rupees, a sole object confined to regulation of valuers, and bye-laws meeting Annexure III. Transitional compliance with the capital requirement is allowed until 31 March 2028.

Insolvency resolution disclosure and procedure reforms expand filing data, guarantor asset transfer rules, and restoration mechanisms.
Amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 revise disclosure requirements for operational creditors and corporate applicants, standardise form usage through circulars, and expand information-sharing obligations among creditors and resolution professionals. The amendments also introduce provisions on transfer of guarantor assets, withdrawal of applications, dissolution during the corporate insolvency resolution process, and restoration before liquidation, while revising timelines, claim communication requirements, and the schedule structure.