Registration as a KYC Registration Agency requires an applicant to maintain net worth of at least USD 1 million at all times. Where the agency is established as a branch of an entity registered with SEBI, that entity must earmark and ringfence the prescribed minimum net worth for the branch.

Registration as a KYC Registration Agency requires an applicant to be established in an International Financial Services Centre as a company. An entity already registered with the Securities and Exchange Board of India for similar activities may establish a wholly owned subsidiary or branch in the International Financial Services Centre.

Certificate of registration as a KYC Registration Agency requires an entity seeking registration to submit an application accompanied by the applicable application fees. Submission may be made electronically or by another permitted means and must follow the form and manner specified by the Authority.

KYC Registration Agency definitions establish the framework for registration, client relationships, governance and financial eligibility in International Financial Services Centres. Associate status covers control, specified voting rights, corporate relationships, relatives and other relationships determined by IFSCA based on control, independence and conflicts of interest. Compliance Officers oversee compliance, records, risk management and conduct requirements, while net worth follows a prescribed calculation that excludes specified reserves. Undefined expressions adopt meanings under applicable governing legislation and subordinate rules.

International Financial Services Centres Authority (KYC Registration Agency) Regulations, 2025 are made under statutory powers in the International Financial Services Centres Authority Act, 2019. Regulation 1 gives the framework its short title and makes commencement dependent on publication in the Official Gazette, with legal force arising on that publication date.

Appointments to Group A and Group B posts in the Goods and Services Tax Appellate Tribunal use direct recruitment, promotion, deputation, short-term contract and absorption according to each post. Registrar, Financial Advisor, Senior Accounts Officer and Accountant are deputation posts, while Legal Assistant is directly recruited. Deputy Registrar, Assistant Registrar and Assistant have prescribed promotion and deputation or absorption shares, with training and feeder-service requirements. Deputation eligibility generally requires an analogous post or specified regular service, relevant qualifications and experience, and carries prescribed tenure and age conditions.

Reservation, age-limit relaxation, and other recruitment concessions for Scheduled Castes, Scheduled Tribes, ex-servicemen, and other special categories remain unaffected in Goods and Services Tax Appellate Tribunal Group 'A' and 'B' posts recruitment. Such safeguards continue to operate as required under orders issued by the Central Government from time to time, preserving the application of category-based benefits notwithstanding the recruitment framework.

Relaxation of recruitment rules for Group 'A' and 'B' posts may be granted where considered necessary or expedient. It may apply to any provision for a specified class or category of persons, through a written order supported by recorded reasons and made in consultation with the Union Public Service Commission.

Appointment to the specified Group 'A' and 'B' posts is unavailable to a person who marries someone with a living spouse or who, while having a living spouse, marries another person. An exemption may be granted where the marriage is permissible under applicable personal law for both parties and other grounds support exemption.

Recruitment to Group 'A' and 'B' posts in the Goods and Services Tax Appellate Tribunal is determined through the prescribed Schedule. The method of recruitment, age-limit, qualifications and other applicable matters are specified in columns (5) to (13) of that Schedule, which establish the framework for recruitment mode and eligibility-related conditions for the specified posts.

Post strength, classification and Pay Matrix levels for Group 'A' and 'B' posts under the Goods and Services Tax Appellate Tribunal recruitment framework are determined by the Schedule. Columns (2) to (4) set out the number of posts, their classification and the corresponding Level in the Pay Matrix for each specified post category.

Rule 2 defines the application of the Goods and Services Tax Appellate Tribunal Group 'A' and 'B' Posts Recruitment Rules, 2026. The recruitment framework applies to each post identified in column (1) of the annexed Schedule, limiting its scope to the scheduled Group 'A' and Group 'B' posts.

Recruitment to Group 'A' and 'B' posts in the Goods and Services Tax Appellate Tribunal is regulated through a dedicated framework made by the President under the constitutional rule-making power in the proviso to Article 309. The framework establishes the applicable recruitment method for the designated posts and takes effect upon publication in the Official Gazette, which serves as the commencement trigger.

Authorised Dealers may handle export and import of goods and services, and merchanting trade, undertaken before 1 October 2026 where such transactions previously required Reserve Bank approval under the earlier export and import framework and related Master Directions. The authority applies from 1 October 2026.

Sales-confirmation material obtained after completion of assessment does not make the assessment defective merely because it was unavailable for consideration, particularly where the assessee did not furnish confirmations despite a notice seeking them. Judicial review under Article 226 is confined to jurisdictional error or breach of natural justice and is not a substitute for statutory appellate scrutiny on the merits. Where neither jurisdictional error nor a natural-justice violation is shown, challenge to the assessment must proceed through the available statutory appeal rather than writ intervention.

Provisional attachment of bank accounts under the Central Goods and Services Tax Act, 2017 ceases to have legal effect one year after the attachment order. The statutory time limit applies to every attachment made under the provisional-attachment power and prevents its continuation beyond that period. Where the one-year period has elapsed, the bank-account attachment cannot remain operative.

Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.

MOOWR is distinct from a high-seas sale because it applies after imported goods are placed in a bonded factory, rather than transferring title during international transit. Locally supplied equipment to a MOOWR unit does not qualify for zero-duty or zero-rated treatment and remains subject to normal GST, with input tax credit available under ordinary rules. Imports may receive upfront deferment of basic customs duty and import IGST through an into-bond bill of entry.

Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.

Section 12AB(1)(b) permits registration to be granted or rejected only upon prescribed statutory satisfaction; it does not authorise conditional registration or suspension of an approved registration's effect pending future litigation. A quasi-judicial authority may exercise only powers expressly conferred, and any later cancellation or withdrawal must follow the statutory mechanism. Accordingly, a condition making charitable registration and consequential tax benefits contingent on future Supreme Court proceedings is ultra vires and ineffective; registration operates according to law without that contingency.