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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934 (as applicable to Financial Sector)

RBI issues RBI (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026

16-Jul-2026 | RBI/2026-27/198 DOR.STR.REC.163/21-04-048/2026-27

RBI has issued RBI (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026 effective from 1st October, 2026 Through this amendment, a new section, Chapter V – Income Recognition in case of acquisition of Specified Non-Financial Assets (SNFA), has been inserted. Under this chapter, paragraphs 116C and 116D have been introduced. Paragraph 116C provides that any accrued but unrealised interest and/or charges relating to periods prior to the acquisition of an SNFA shall not be recognised as income. Any such income already recognised for SNFAs outstanding as on September 30, 2026 must be reversed through the Profit and Loss Account by September 30, 2027, to the extent it remains unrealised and Paragraph 116D provides that income from an SNFA shall be recognised as non-interest/other income only in the financial year in which it is realised, while expenses incurred towards the upkeep of an SNFA shall be recognised in the financial year in which they are incurred.

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Corporate Laws

CDSL issues communique regarding Changes in the format of online freeze master report (DPE6)

09-Sep-2026 | CDSL/SURV/DP/POLCY/2026/621

CDSL has issued communique regarding Changes in the format of online freeze master report (DPE6) Through this communique, a revised format

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Corporate Laws

IBBI issues circular regarding Due diligence by Insolvency Professionals regarding misuse of IBC framework

09-Sep-2026 | IBBI/CIRP/105/2026

IBBI has issued circular regarding Due diligence by Insolvency Professionals regarding misuse of IBC framework Through this circular, IBBI

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Corporate Laws

SEBI issues circular regarding Review of position limits for clients and penalty provisions for violation/ breach of position limits for Commodity Derivatives Segment

09-Sep-2026 | HO/47/16/13(5)2026-MRD-POD1/ I/20735/2026

SEBI has issued circular regarding Review of position limits for clients and penalty provisions for violation/ breach of position limits for

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Corporate Laws

NSDL issues circular regarding Amendment to Business Rule of NSDL- Penalty

08-Sep-2026 | NSDL/CIR/II/46/2026

NSDL has issued circular regarding Amendment to Business Rule of NSDL- Penalty Through this circular, R&T Agents and Issuers are informed t

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Industry Specific-Education

Madhya Pradesh has enacted the Madhya Pradesh Niji Vishwavidyalaya (Sthapna Avam Sanchalan) (Sanshodhan) Adhiniyam, 2026

03-Sep-2026 | No. 8436-183-21-A (Pr.)

The Madhya Pradesh Legislature has enacted the Madhya Pradesh Niji Vishwavidyalaya (Sthapna Avam Sanchalan) (Sanshodhan) Adhiniyam, 2026 (Ac

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Labour Laws

Madhya Pradesh has enacted the Madhya Pradesh Agnishaman Evam Apatkalin Sevayen Adhiniyam, 2026 (Fire and Emergency service Act)

03-Sep-2026 | No. 8437-184-Twenty-one A (Pr.).

The Madhya Pradesh Legislature has enacted the Madhya Pradesh Agnishaman Evam Apatkalin Sevayen Adhiniyam, 2026 to regulate Fire and Emergen

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Legal

Maharashtra has prescribed the incentive framework for eligible electric vehicle manufacturing units under the Maharashtra Electric Vehicle Policy, 2025

09-Sep-2026 | No. SAPROYO-2025/File No. 198/Ind-8

The Government of Maharashtra has prescribed the incentive framework for eligible units manufacturing electric vehicles and EV-related compo

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Legal

Maharashtra has extended the deadline for online registration of powerloom units to continue electricity concessions

09-Sep-2026 | 2018/File No. 1649/Tex-5

The Government of Maharashtra has granted a further three-month extension from 9 September 2026 for powerloom units to complete online regis

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