A company with negative net worth is eligible to issue equity instruments for listing if it undertakes to allot at least 75% of the net offer to qualified institutional buyers in accordance with the relevant securities market regulator's regulations in the permissible jurisdiction. The eligibility provisions also replace "two years" with "more than six months" in the proviso to rule 5(e) and qualify the default reference in rule 5(g) by requiring that the default has not been made good.

Temporary admission under ATA Carnet permits duty-free import of goods for display, demonstration or use at fairs, exhibitions and similar events, subject to applicable customs notifications, the ATA Convention and prescribed procedures. No separate Bill of Entry is required; cargo particulars are entered to facilitate closure of the Sea Arrival Manifest. No separate Shipping Bill is required for re-export under ATA Carnet; cargo details and system-generated references support closure of the Sea Departure Manifest. Where goods are not re-exported within the stipulated period, including any permitted extension, the cell takes steps to recover duty and applicable interest.

Container transport by rail by a person other than Indian Railways attracts either 2.5% without input tax credit or 9%. Domestic multimodal transport using at least two modes attracts 2.5% where none is by air, with credit confined to purchased goods-transport services and capped at the tax payable at 2.5% when the supplier charges a higher rate. Where at least one mode is by air, the rate is 9%. Renting a goods carriage with fuel included in the consideration attracts either 2.5%, with credit confined to same-line input services and similarly capped, or 9%.

Dividend payments between International Financial Services Centre (IFSC) aircraft-leasing units qualify for non-deduction of tax under section 393(1) of the Income-tax Act, 2025, where the payer is an IFSC unit primarily engaged in aircraft leasing and the payee is a company that is an IFSC unit primarily engaged in that business. To obtain non-deduction, the payee must furnish the payer with Form No. 1(N), a statement-cum-declaration identifying the tax year in which dividend income eligible for exemption under Schedule VI is payable. After receiving a copy of the declaration, the payer must not deduct tax from such dividend payments made or credited to the payee and must report payments on which tax was not deducted in its tax-deduction statement under section 397(3)(b), read with rule 219 of the Income-tax Rules, 2026.

Specified bricks and building materials attract 6% Bihar state GST on intra-State supplies with effect from 22 September 2025. The rate applies to fly ash bricks, aggregates and blocks under heading 6815; bricks of fossil meals or similar siliceous earths under tariff item 6901 00 10; building bricks under 6904 10 00; and earthen or roofing tiles under 6905 10 00. The applicable goods description and tariff classification determine the scope of the rate.

Bihar's state goods and services tax framework replaces the goods table under the 2018 state tax rate framework, effective 22 September 2025. The replacement specifies a 2.5% state tax rate for designated goods under the listed tariff classifications. Silver filigree work and handmade imitation jewellery are assigned a 1.5% rate, including imitation jewellery made with natural seeds or beads and cardamom garlands. The applicable entries are identified by their respective tariff classifications and goods descriptions.

The reference to Schedule IV of Notification No. 1/2017-State Tax (Rate) is replaced by a reference to Schedule II or Schedule III of Notification No. 9/2025-State Tax (Rate). The substitution takes effect on 22 September 2025. It is made under section 11(1) of the Bihar Goods and Services Tax Act, 2017, on the Council's recommendations and upon satisfaction that it is necessary in the public interest.

Under section 55 of the Special Economic Zones Act, 2005, the Central Government substitutes "Authority (Fund Management) Regulations" for "Authority Regulations" at page 3, line 15 of G.S.R. 895(E), dated 15 October 2026. On page 4, the Central Government also substitutes "Centres Authority" for "Centre Authority" in both line 14 and line 17.

Alternative dispute resolution capacity building is the focus of a memorandum of understanding between the Indian Institute of Corporate Affairs and the International Arbitration and Mediation Centre. The collaboration aims to strengthen institutional cooperation and professional excellence in arbitration, mediation and corporate affairs. It envisages customised short- and long-term courses, workshops, seminars and other skills programmes to develop arbitrators, mediators and dispute resolution professionals. Structured programmes, joint initiatives and policy-oriented research are also contemplated, drawing on the institutions' expertise and resources.

The Competition Commission of India has approved Sapphire US HoldCo (USA), LLC's subscription of certain securities of Gentari Renewables India Pte. Ltd. The proposed combination involves investment in a company engaged in power generation through renewable energy sources and battery energy storage solutions in India. Sapphire US HoldCo is a special purpose vehicle incorporated solely for the proposed transaction and is indirectly owned by vehicles or accounts advised and managed by various subsidiaries of KKR & Co. Inc.

Competition Commission of India approval covers Kotak Mahindra Bank Limited's acquisition of Deutsche Bank Aktiengesellschaft's retail banking, private banking and wealth management business conducted through its Indian branches. The acquisition is structured as a going-concern transfer on a slump sale basis. The parties also contemplate affiliate-level referral arrangements for customers of Deutsche Investments India Private Limited's investment advisory and portfolio management businesses to relevant wholly owned subsidiaries of Kotak Mahindra Bank. Deutsche Investments India Private Limited is an indirect wholly owned subsidiary of Deutsche Bank.

GST registration under Rule 14B is available from 1 November 2026 to eligible suppliers of goods seeking registration in a State or Union Territory where they have no physical presence. An approved e-commerce operator's warehouse may be declared as the principal place of business instead of an independent establishment. Supplies under the registration are restricted to goods supplied through e-commerce operators required to collect tax at source. The supplier must hold an active regular Home State GSTIN under the same PAN, with no cancellation proceedings or cancellation application pending, and have no active regular registration in the intended jurisdiction.

Rule 20 of the Bar Council of India Rules prohibits an advocate from stipulating a fee contingent on litigation results or agreeing to share its proceeds. A condition linking payment to receipt of a refund may therefore raise enforceability concerns. Chartered accountants face restrictions on percentage-of-profits and results-contingent fees, subject to limited exceptions under Regulation 192 of the Chartered Accountants Regulations, 1988. Privity may depend on evidence of direct engagement or engagement through an intermediary.

Statutory terms must be interpreted in light of the context, purpose and scheme of the enactment in which they appear. Ordinary or dictionary meaning may be considered, but a statutory definition governs the defined term. Definitions from another enactment cannot be transferred merely because the same word appears in both; they may inform interpretation where the enactments are in pari materia or where the legislature adopts them by reference or incorporation.

Under Ind AS 2 and IAS 2, inventory is generally measured at the lower of cost and net realisable value, taking account of estimated completion and selling costs. Stock statements to lenders should be reconciled with the ledger and actual inventory before submission; inflated figures can misrepresent available collateral. Unexplained stock differences identified during surveys or audits can lead to additions to taxable income, while inventory records are required under indirect-tax and company law. GST input tax credit on goods lost, stolen, destroyed or written off generally requires reversal.

Refund claims under the Tamil Nadu Value Added Tax framework may arise from appellate tribunal orders concerning periods before July 2017. Regarding implementation of tribunal orders, the practitioner relies on five Madras High Court judgments concerning refunds and maintains that officers should issue corresponding revised orders without a separate request. The practitioner regards six months as the maximum reasonable period, referring to Supreme Court guidance. The practitioner distinguishes a claimed refund from a rebate, grant, subsidy or waiver of tax, interest or penalty, and accepts adjustment of government dues where the amounts are supported by accurate details.

Business premises documentation is aligned with categories including owned, inherited, rented or leased, consent-based, co-working and SEZ premises. Applicants must select the appropriate category and provide the relevant evidence. Registration authorities may seek clarification for incomplete or illegible documents, address discrepancies or missing essential premises particulars, but should not demand unrelated evidence. Bank account details, for up to ten accounts, are to be supplied at registration where available; otherwise, they must be furnished within 30 days of issue of the registration certificate.

Cost reduction should distinguish waste from spending that supports revenue, quality and operational resilience. The fat, muscle and nerve framework eliminates low-value expenditure, protects value-producing costs and retains accounting, internal controls, statutory compliance, cybersecurity, insurance and audit while improving efficiency. Proposed savings should be assessed for permanence and their effects on sales, quality, customer satisfaction, compliance and risk. Workforce reductions should be considered after other options, using fair, documented selection criteria and complying with applicable notice and statutory payment requirements. Employers should check applicable thresholds and requirements and take advice before reducing headcount.

The exemption applies to new policies and renewals paid on or after that date, even if the renewal date was earlier. GST paid on earlier premiums is not refundable. Insurers cannot claim input tax credit on GST paid on commissions, brokerage and other input services for exempt individual policies and must reverse the credit. Employer-sponsored group health and life insurance and other general insurance, including motor, fire, marine and travel cover, continue to attract 18% GST. An October 2026 recommendation to amend Section 17(5) of the CGST Act would permit employers to claim credit on employee health and life insurance, but the amendment has not yet been passed.

Financial planning can retain an annual budget as a baseline while separating three functions that a single figure cannot reliably serve: a target expresses ambition, a forecast reflects expected performance, and a limit controls permitted spending. A rolling forecast refreshes the outlook monthly or quarterly for the next twelve months or four quarters. Significant variances should be reviewed monthly with responsible managers and analysed by volume, price, efficiency and timing. Profit forecasts should also be translated into cash forecasts covering debtors, stock, capital expenditure, loan repayments and taxes.