Regulation 10 permits an issuer that has issued SR equity shares to undertake an initial public offer of its ordinary shares for listing on a recognised stock exchange. Eligibility depends on shareholder authorisation of the SR equity share issue through a resolution at a general meeting and on those shares having been held for at least three months before the draft offer document is filed.

Initial public offer eligibility for specified securities requires an issuer to meet at least one financial or market-based alternative: operating revenue, pre-tax profit, post-issue market capitalisation, or other prescribed criteria. Revenue and profit are determined from consolidated audited accounts. The thresholds are separate eligibility routes rather than cumulative requirements, and the financial year follows the issuer's home-jurisdiction laws.

Securities and other permitted financial products listed and traded on a recognised stock exchange must be denominated in a specified foreign currency. Specified foreign currency includes currencies listed in the First Schedule to the International Financial Services Centres Authority (Banking) Regulations, 2020, and any currency otherwise notified by the Authority. USD references mean equivalent amounts in the currency in which the securities are issued.

Regulation 7 requires securities and other permitted financial products listed, or proposed for listing, on a recognised stock exchange to be freely transferable and held in dematerialised form. Free transferability and dematerialised holding apply across the recognised stock exchange listing framework. Debt securities and such other financial products may also be held with an international central securities depository.

Listing eligibility requires an issuer to be incorporated or established in an IFSC, India or a foreign jurisdiction under home-jurisdiction law, to operate in accordance with its constitution, and to be legally entitled to issue the proposed securities or financial products. Public Indian companies listing equity shares must meet additional prescribed foreign-exchange and company-law eligibility requirements. Eligibility is excluded for issuers and specified associated persons barred from capital-market access or classified as wilful defaulters or fugitive economic offenders.

Issuers seeking listing must provide true, correct and adequate material information in offer documents, together with full, accurate and timely disclosure of financial results, risks and other material non-financial information. The framework requires fair and equitable treatment of all holders and obliges directors to act in the best interests of all stakeholders.

The listing framework covers initial public offers by unlisted entities and special purpose acquisition companies, follow-on public offers by listed entities, and listed-entity capital-raising through rights issues, preferential issues and qualified institutions placements. It also covers issuance and listing of depository receipts and debt securities, secondary listing of securities, and listing of commercial paper, certificates of deposit, and other financial products permitted by the Authority.

Regulation 3 establishes definitions governing listings and proposed listings of securities and permitted financial products on recognised stock exchanges in an International Financial Services Centre. It defines issuers, Listed Entities, securities, specified securities, debt securities, depository receipts, public offers, qualified institutions placements, control, controlling shareholders, Special Purpose Acquisition Companies and business combinations. Foreign Jurisdiction status depends on regulatory cooperation arrangements and excludes jurisdictions identified for serious or insufficiently addressed anti-money-laundering or counter-terrorist-financing deficiencies. Undefined terms adopt meanings assigned under identified financial-services, companies, securities-market and depository legislation.

Listing of specified securities, debt securities, depository receipts and other permitted financial products on recognised stock exchanges in India's International Financial Services Centres is governed by a regulatory framework established for that purpose. The framework applies to listings on recognised exchanges situated in those centres and covers the identified classes of securities and permitted financial products.

International Financial Services Centres Authority (Listing) Regulations, 2024 are made under statutory rule-making powers under the International Financial Services Centres Authority Act, 2019 and enabling securities-law provisions. Regulation 1 formally designates the Regulations by that short title and makes their legal commencement contingent on publication in the Official Gazette, thereby fixing the operative event for bringing them into force.

Regulation 9B sets maximum exposure limits for specified IIO investments in DTA, including government securities, corporate bonds, Category I and II AIFs, immovable property, infrastructure, money-market instruments, debt, and equity-related investments. Money-market instruments and debt may each reach 90%, while equity, preference shares, and convertible debentures are capped at 25%. Investments must be kept invested, and extant RBI or SEBI limits prevail.

Enforcement Directorate searches at the Greater Mohali Area Development Authority and the office of Punjab's Principal Secretary for Housing and Urban Development form part of a PMLA investigation. The enforcement action is directed at institutional and official premises connected with public development and housing administration in Punjab, involving a development authority and a senior housing-administration office.

Regulation 9A requires every IIO to invest, and continuously maintain investment of, unit-linked business funds according to the investment pattern subscribed by policyholders. At the individual segregated-fund level, unit-linked business assets are subject to exposure ceilings for a single investee entity, the IIO's own group, any other single group, and a particular industrial sector. Specified limits for passive or index-based mutual funds and exchange-traded funds apply upon the earlier prescribed trigger.

State tax administration in Goa is reconstituted from 1 April 2026 into three districts and eight territorial wards. A separate Large Taxpayer Unit exercises exclusive statewide jurisdiction over registered taxable persons otherwise assigned to those wards where cumulative SGST liability discharged through the electronic cash ledger exceeds Rs. 1.5 crore during a financial year, or where services of specified actionable claims are supplied. New GST registrations must first be allocated to a territorial ward. Qualifying persons are shifted after each financial year and remain under LTU jurisdiction until an LTU proper officer directs placement under a local ward.

Missing-person investigations require immediate FIR registration upon receipt of information, without a preliminary inquiry, with relevant kidnapping and trafficking provisions incorporated. A missing child must ordinarily be presumed kidnapped or abducted from the outset. Police accountability has been sought over cremation of an unidentified body linked to a missing person, delayed family intimation, and missing recovery details on the CCTNS portal. Recovered persons should undergo Aadhaar verification or enrolment to support identification.

The amendments require every IIO to keep unit-linked business funds invested in accordance with policyholder-selected patterns, where linked asset categories are marketable and readily realisable. Individual segregated funds are subject to exposure ceilings for a single entity, the IIO's own group, another group, and an industrial sector. Passive or index-based mutual fund and exchange traded fund exposures receive deferred application under specified fund-age or assets-under-management triggers. Retained premium invested in DTA under the stipulated reinsurance condition must follow the separate admissible investment pattern, subject to prevailing regulatory limits.

GST classification treats merely heat-treated, unseasoned dried leguminous vegetables under HS heading 0713; branded goods in unit containers attract 5% GST and other cases are exempt, while mixtures with oil or salt or namkeens fall under subheading 2106 90. Almond milk falls under a residual beverage entry and attracts 18% GST. Mechanical sprayers of all types attract 12% GST. Imported stores for use in Indian Navy ships are exempt from GST. Lease-import IGST exemption applies to qualifying service arrangements, subject to bond, non-transfer, re-export and breach-payment conditions.

Hub-and-spoke international flight operations allow passengers to complete check-in, immigration and customs formalities at designated spoke airports before travel to a hub, then board onward international flights without repeat processing while baggage is transferred seamlessly. Security and immigration compliance have been strengthened after an onward passenger transfer occurred without completed immigration procedures. A show-cause notice, staff suspensions and a review of carrier checks and balances form part of the response.

Punjab SGST rate schedules are amended, with effect deemed from 27 July 2023, to reclassify specified goods for tax-rate purposes. Schedule I at 2.5% adds entries for un-fried or un-cooked snack pellets manufactured through extrusion, fish soluble paste, Linz-Donawitz (LD) slag, and imitation zari thread or yarn, each identified under its stated tariff heading.

Capital grants, subsidies and consumer contributions meeting asset cost must reduce actual cost; amounts not directly linked to individual assets require proportionate allocation among relevant assets, rather than a uniform percentage adjustment, before depreciation is recomputed. The related book-profit treatment requires fresh determination once grant and subsidy treatment is established. Interest on staff loans and incidental receipts are business income only where verification establishes a direct business nexus. Additional depreciation was unavailable for AY 2014-15 to a company solely distributing electricity because the later extension to distribution-only entities applies prospectively; consequential depreciation requires treatment under applicable law.