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Circular No. HO/47/16/13(5)2026-MRD-POD1/ I/20735/2026 Dated:- 9-9-2026 Circular Dated:- 9-9-2026 Ci...
CIRCULAR HO/47/16/13(5)2026-MRD-POD1/ I/20735/2026 September 09, 2026 To, The Managing Directors / Chief Executive Officers, All Recognized Stock Exchanges having Commodity Derivatives Segment Sir / Madam, Sub: 1. The norms relating to position limits in the commodity derivatives segment are prescribed under Chapter 3 of SEBI Master Circular for Commodity Derivatives segment dated Aug 04, 2023. The current position limits were introduced in 2017, aligned with market cond... ... ...

FEMA / RBI
Dated:- 9-9-2026
PTI
MUMBAI, India, Sept. 9, 2026 /PRNewswire/ -- Yubi Group today launched Pye, a new lending platform built for retail borrowers, at the Global Fintech Fest (GFF) 2026 at the Jio World Convention Centre, Mumbai. The launch was marked by Mr. Ajay Kumar Choudhary, non-executive chairman of the National Payments Corporation of India (NPCI) and an independent director on Yubi Group's board, who previously served as executive director at the Reserve Bank of India. Pye is built for the moments that c... ... ...

2009 (4) TMI 1077
Case Laws Indian Laws
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DR. ARIJIT PASAYAT, P. SATHASIVAM AND AFTAB ALAM, JJ. For the Appellant : Siddhartha Dave, Vibha Datta Makhija, Jemti Ben and Pratibha Jain, Advs For the Respondents : Sushil Kumar Jain, Puneet Jain, Christi Jain, Piyush Jain, Achana Mishra and Pratibha Jain, Advs. JUDGMENT Arijit Pasayat, J. 1. Leave granted. 2. These appeals are inter linked and are therefore disposed of by this common judgment. Challenge in these appeals is to the order passed by a learned Single Judge of th... ... ...

News and Press Release
Dated:- 9-9-2026
Fintech expands financial inclusion through digital payment and banking infrastructure, enabling customers to transact, save and borrow through accessible channels. It improves efficiency through faster account opening and payment settlement, lower transaction costs, AI-driven fraud detection and real-time supervision. Cash-flow-based lending, account aggregators and the Unified Lending Interface support collateral-light formal credit for micro, small and medium enterprises. Regulatory engagement supports self-regulation, digital public infrastructure and responsible innovation while safeguarding trust, safety, inclusion, fairness and efficiency.

2004 (9) TMI 720
Case Laws Indian Laws
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DR. ARIJIT PASAYAT AND C.K. THAKKER, JJ. For the Appellant : Sanjay R. Hegde, Adv For the Respondents : G.V. Chandrashekar and P.P. Singh, Advs. JUDGMENT Arijit Pasayat, J. 1. Leave granted. 2. The scope and ambit of Section 19 of the Prevention of Corruption Act, 1988 (in short the 'Act') falls for consideration in this appeal. State of Karnataka calls in question legality of the judgment rendered by a learned Single judge of the Karnataka High Court. The High Court up... ... ...

PMLA, Black Money & ED
Dated:- 9-9-2026
Virtual Digital Assets Service Providers operating in India, whether offshore or onshore, must register with FIU-IND as reporting entities when undertaking specified virtual-asset activities. Their obligations are activity-based and include registration, reporting, record-keeping and other requirements under the PMLA and rules made under it. Notices under the PMLA were issued to fifteen providers for non-compliance, accompanied by notices seeking takedown of their applications and URLs from public access.

Customs & Trade
Dated:- 9-9-2026
PTI
The Chief Minister Startup and NIPUN Mission promotes youth employment, skill development, entrepreneurship, innovation and technology-based industries through entrepreneurship centres, technology laboratories, industry excellence centres and a job engine aligned with industry requirements. The Export Promotion Policy strengthens export infrastructure, market access, trade facilitation and value-added agricultural and industrial exports. The maximum age limit for eligible government and allied personnel applying for other government services or higher posts has also been increased.

News and Press Release
Dated:- 9-9-2026
Directorate of Revenue Intelligence operations targeting illicit narcotic drug trafficking resulted in the seizure of around 740 kg of cannabis, high-grade hydroponic cannabis and charas, and the arrest of 13 persons under the NDPS Act, 1985. Road-based interceptions involved drugs concealed in trucks and cars, including loading areas, floor cavities and secret compartments. Rail and air-route interdictions addressed passenger-based trafficking, including charas concealed on train passengers and high-potency cannabis carried by passengers arriving on international flights.

2023 (4) TMI 1493
Case Laws IBC
Clerical errors in resolution-plan approval orders may be corrected through a corrigendum under the NCLT procedural rules.
Rule 154 of the National Company Law Tribunal Rules, 2016 permits correction at any time of clerical or arithmetical mistakes and errors arising from an accidental slip or omission. Errors in a resolution-plan approval order concerning plan particulars, the creditor-payment table, treatment of claims, and the resolution applicant's name were corrected where supported by the record. A corrigendum was issued and forms part of the resolution-plan approval order.

Corp. Laws / SEBI / IBC
Dated:- 9-9-2026
PTI
Yubi PoleStar is a SEBI-registered portfolio management service offering credit-focused strategies for income, liquidity, long-term wealth creation and bespoke multi-asset portfolios. Investment selection and monitoring use a six-gate credit architecture, weighted credit-risk assessment, investment committee oversight, independent valuation and segregated client custody. SEBI registration does not guarantee performance or returns. Investments involve market, credit and liquidity risks, including loss of principal, and are subject to the disclosure document, prescribed minimum investment requirement and applicable accredited-investor relaxations.

2024 (2) TMI 1683
Case Laws Income Tax
Rectification jurisdiction cannot review merits, while TNMM benchmarking requires independent annual financial analysis for transfer-pricing adjustments.
Rectification under section 254(2) is confined to patent mistakes apparent from the record and cannot be used to review a reasoned decision on facts or law; reconsideration of an amended provision and denial of weighted deduction must be pursued through appellate review. Fresh transfer-pricing benchmarking under TNMM must be undertaken independently for each assessment year using that year's financial data, even where TNMM is accepted as the most appropriate method. Accordingly, the remand for fresh arm's length price determination remains operative, but the clarification concerning comparative associated-enterprise and non-associated-enterprise segment margins was deleted to remove ambiguity.

Customs & Trade
Dated:- 9-9-2026
PTI
Advance licensing scheme sugar refiners are required to divert refined white sugar, produced from imported raw sugar ordinarily intended for export, to the domestic market to augment supplies. Domestic sugar-price management also includes duty-free sugar imports, tighter stockholding limits for bulk users and dealers, and restrictions on sugar exports. These measures operate against revised production estimates, projected domestic demand, available stocks, and concern over price increases by sugar mills.

Income Tax
Dated:- 9-9-2026
PTI
SuperPan introduces TitaniumSteel, a titanium-and-stainless-steel material engineered through a patent-pending NanoFusion process for uncoated, naturally non-stick cookware. Titanium is permanently fused with stainless steel, and microscopic surface texturing is designed to retain a thin oil film without a synthetic non-stick layer. The five-ply construction is described as supporting durability, high-heat cooking, metal-utensil use and food release without PTFE, PFAS or other synthetic coatings.

Corp. Laws / SEBI / IBC
Dated:- 9-9-2026
PTI
State-funded free travel for eligible passengers on specified public transport services does not ordinarily attract competition-law scrutiny merely because private operators lose passengers or revenue. Passenger preference arising from a fare concession, where the State bears the cost, does not by itself establish abuse of dominance, denial of market access, or unfair or discriminatory conditions. Differential commercial impact must be accompanied by independent exclusionary or unfair market conduct to constitute a competition-law contravention.

MOOWR registration is queried in relation to the requirement for a three-times duty bond. The issue concerns whether an export house holding status-holder recognition is exempt from furnishing that bond or must comply with the bond requirement when seeking registration.

Customs & Trade
Dated:- 9-9-2026
PTI
Energy security cooperation between Russia and China covers oil, gas, coal, nuclear power, renewable generation, battery storage, electricity grids, critical minerals, transport electrification and alternative logistics. Supply-chain resilience is linked to diversified fuel supplies, strategic oil reserves, mineral access and reduced dependence on vulnerable transport corridors. Alternative routes are presented as reducing delivery times and logistics costs, while bilateral settlements in national currencies support the wider economic relationship amid trade disruption, currency volatility and energy-market uncertainty.

Circular No. PUBLIC NOTICE NO. 82 /2020 Dated:- 14-7-2020 Trade Notice Dated:- 14-7-2020 Trade Notic...
Turant Suvidha Kendra provides a single-point Customs interface for faceless assessment support. It accepts import-related bonds and bank guarantees, conducts referred verifications, and performs required document defacement, debiting and validation. Importers must upload documents on e-Sanchit before presenting originals. TSK officers compare original documents with uploaded copies where physical verification is required, update the relevant status in ICES, and deface or debit original documents. Assessment and Customs Compliance Verification are conducted on the basis of e-Sanchit records.

Circular No. PUBLIC NOTICE NO. 16/2021 Dated:- 12-2-2021 Trade Notice Dated:- 12-2-2021 Trade Notice
Sea Cargo Manifest and Transhipment Regulations compliance requires registration by persons delivering arrival or departure manifests and electronic filing by authorised carriers. Stakeholders must submit prescribed sea manifests, entry and departure notifications, cargo summary notifications, allowed-for-shipment requests and customs inland manifests under the phased implementation framework. Full mandatory compliance applies from 1 April 2021. Applicable bond requirements include National Container Bonds for authorised sea carriers or sea agents and National Transhipment Bonds for authorised transhippers. Contravention of SCMTR provisions may attract penalty.

2025 (10) TMI 1468
Case Laws Central Excise
Input service nexus with manufacturing permits CENVAT credit for operational, waste-disposal, maintenance and business-support services.
Rule 2(l) of the Cenvat Credit Rules, 2004 permits credit for input services having a nexus with manufacturing activity, including services incidental to manufacturing operations. Housekeeping supports a clean production environment; hazardous-waste incineration enables disposal of manufacturing waste; power-sharing provides essential electricity; and preventive maintenance and air-drier servicing preserve operational equipment. Membership, communication, travel and training services used for business and manufacturing-related functions also satisfy the required nexus. CENVAT credit is therefore admissible on these disputed input services.

2025 (11) TMI 2063
Case Laws Service Tax
Principal-to-principal film revenue sharing escapes business support tax, while unsupported extended limitation defeats renting demand.
Principal-to-principal revenue sharing for film exhibition, where the theatre owner operates the premises and bears operating costs while ticket collections are preallocated with the distributor, does not involve a taxable business support service. The arrangement is treated as exhibition on the owner's own account rather than a service rendered to the distributor. Extended limitation for renting of immovable property requires a sustainable allegation of suppression. Where no suppression was alleged, the liability was legally disputed during the relevant period, and the entire demand lay outside normal limitation, the renting demand and consequential penalties are time-barred and unsustainable.

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