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Corporate Laws Central Ministry of Finance Banking (Regulation) Act, 1949

RBI issues Banking Regulation (Co-operative Societies) Amendment Rules, 2025

10-Dec-2025 | G.S.R. 891(E)

RBI has issued Banking Regulation (Co-operative Societies) Amendment Rules, 2025 effective from 15th December 2025. Key Highlights: 1. A new definition is added - An "ineligible director" is someone who does not meet the requirements under section 10-A(2)(a) and (b) of the Banking Regulation Act. 2. A new Rule 5-A is introduced to explain how to identify which ineligible directors must step down or be removed. 3. The Board of Directors will draw lots to decide which ineligible directors must cease to hold office, while the RBI will draw lots to decide removals under section 10-A(5). 4. Reporting formats (Form I and Form IX) are updated - Reporting dates change from "alternate Fridays" to "15th day of the month" and "last day of the month." 5. The CRR (Cash Reserve Ratio)/SLR (Statutory Liquidity Ratio)-related items in Parts B, C, and D of Form I are revised: instead of fixed percentages, they will now be as notified by the RBI. 6. A new item is included - amounts kept with the RBI under the Standing Deposit Facility (SDF) will now be counted in the relevant calculations. For more information, please refer to the attached document.

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Recent Posts in Corporate Laws

Corporate Laws

IFSCA Recognises Additional Certification Course for Fund Management Entity Employees

10-Aug-2026 | F. No. IFSCA-PLNP/80/2024-Capital Markets/10082026

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DGFT Reviews and Re-allocates Export Quota for Wheat under HS Codes 10011900 and 10019910

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SEBI Clarifies Requirement for Linking Investor-facing Bank Accounts with “@valid” UPI IDs

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Ministry of New & Renewable Energy (MNRE) Clarifies Applicability of Ministry of New & Renewable Energy (ALMM) List-II for Solar PV Cells

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Ministry of New & Renewable Energy (MNRE) Updates Approved List of Models and Manufacturers (ALMM) List-I for Solar PV Modules – Revision-L (50)

03-Aug-2026 | No. 283/41/2024-GRID SOLAR

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Maharashtra Government amends Private Skills Universities Act to establish Bhujbal Skill Tech University in Nashik

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The Government of Maharashtra has enacted the Maharashtra Private Skills Universities (Establishment and Regulation) (Third Amendment) Act,

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Maharashtra Government amends Land Revenue Code to revise penalty for illegal extraction of minerals

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The Government of Maharashtra has promulgated the Maharashtra Land Revenue Code (Amendment) Ordinance, 2026, amending Section 48(7) of the M

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