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

RBI issues RBI (Non-Banking Financial Companies - Miscellaneous) Amendment Directions, 2026

26-Feb-2026 | RBI/DoR/2025-26/224 DoR.GOV.REC.No.414/18.10.008/2025-26

RBI has issued the RBI (Non-Banking Financial Companies - Miscellaneous) Amendment Directions, 2026. Key Highlights; 1. Para 13A and 13B have been inserted regarding the Directions on Private Placement of Equity Shares by National Urban Co-operative Finance and Development Corporation Limited (NUCFDC), which is an Umbrella Organisation for Primary Co-operative Banks. 2. NUCFDC can offer shares based on private placement to more than 200 persons in aggregate in a financial year, subject to the fulfilment of the following conditions- a. They shall have a Board-approved policy for resource planning, and an offer must be given to UCBs and the National Co-operative Development Corporation (NCDC). b. UCBs and NUCFDC must comply with the applicable statutory requirements. c. NUCFDC shall not extend any loan or advance or any other financial accommodation against its own shares and shall submit a quarterly statement giving information about the offer to RBI within 15 days from quarter end. The directions in Para 13A are effective till 31st March, 2029, unless modified or withdrawn earlier or extended further by the Reserve Bank. Kindly refer to the attached document for more information.

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Corporate Laws

MCA issues circular regarding Extension of Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) till 15th September 2026

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