All news

September 2026

• 24Sep

  InsolvencyPersonal guarantor insolvency: last date for PGIRP forms extended to 31 December 2026

  31 December 2026Extended

  IBBI has further extended the deadline for electronic forms PGIRP-1 to PGIRP-6 from 30 September to 31 December 2026. Penalties for delayed submission or modification will be levied only after that date.

• 24Sep

  Company LawMCA cautions public on Nidhi companies promising high returns; only 395 are declared Nidhis

  395 NidhisClarified

  MCA says many companies working as Nidhis have not filed Form NDH-4 in time or are not complying fully. Deposits in Nidhi companies are not insured by DICGC.

• 24Sep

  FSSAIFSSAI draft: only milk-derived products may be called ‘Paneer’; analogue products to drop the term from name, label and marketing

  ‘Paneer’ only if from milkComments invited

  FSSAI has proposed a draft amendment to the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, 2011 to restrict the manufacture and sale of analogue products as “Paneer”. This is a draft: objections and suggestions are invited, and it will be taken up after 60 days from the date the Gazette copies are made available to the public.

• 24Sep

  SEBISEBI Board: first-time debt issuers need not list old NCDs, one advertisement code for seven intermediaries, new Settlement Regulations and Depository Receipts on REIT/InvIT units

  Reg 62A eased; one ad codeNew facility

  Four decisions of the SEBI Board of 24 September 2026 matter to issuers and regulated entities: Regulation 62A of the LODR Regulations will require listing only of future NCD issues; a Common Advertisement Code drops prior approval for most advertisements; Settlement Regulations, 2026 bring a new formula and a settlement notice before the show cause notice; and REITs and InvITs get Depository Receipts and easier unitholder voting.

• 24Sep

  SEBIAccredited Investor framework: SEBI Board approves accreditation by AIF, SIF and PMS managers, a ₹5 crore market-exposure test and deemed status for non-residents

  Accreditation by fund managersRelief

  The SEBI Board has approved four changes to the Accredited Investor framework: managers of AIFs, AMCs offering SIFs and portfolio managers may accredit investors; securities market exposure becomes an eligibility test; persons resident outside India are deemed accredited; and LLPs can qualify. It also approved extending to all AIFs the bar on a manager using fund assets for its own losses.

• 24Sep

  SEBISEBI Board approves Portfolio Managers Regulations, 2026: IPO investing, a ₹25 lakh mutual fund route (PRIM) and Independent Fund Managers

  New PMS Regulations, 2026 approvedNew facility

  The SEBI Board has approved the SEBI (Portfolio Managers) Regulations, 2026 to supersede the 2020 Regulations. Portfolio managers will be able to invest client money in IPOs, foreign securities and direct plans of mutual funds through a new PRIM route, and work with Independent Fund Managers. Graduates become eligible as Principal Officer, and the rulebook shrinks from 70 pages to 33.

• 24Sep

  SEBISEBI Board meeting of 24 September 2026: all 13 items in one table — new Portfolio Managers and Settlement Regulations, FPIs in commodity derivatives, Accredited Investor changes

  SEBI Board: 13 itemsNew facility

  The 215th meeting of the SEBI Board, held in Mumbai on 24 September 2026, cleared a long list: new Portfolio Managers Regulations, new Settlement Regulations, a Common Advertisement Code, FPIs in more commodity derivatives, wider Vault Manager rules, changes for REITs and InvITs, an easier debt-listing rule and a reworked Accredited Investor framework. A fourth settlement scheme for illiquid stock options was placed before it.

• 24Sep

  CustomsAnti-dumping duty on jute yarn, hessian fabric and sacking bags from Bangladesh and Nepal re-fixed after mid-term review: Notification 24/2026-Customs (ADD)

  Jute ADD: nil to US$445 per MTRule change

  The Finance Ministry has substituted the duty table in Notification No. 33/2022-Customs (ADD) on jute products from Bangladesh and Nepal, following DGTR’s mid-term review findings of 25 June 2026. Producer-wise duties now range from nil to US$ 155 per MT; the residual rates go up to US$ 445 per MT for Bangladesh and US$ 292 per MT for Nepal.

• 24Sep

  InsolvencyIBBI starts charging ₹500 a month for late liquidation forms due on or before 30 September 2026

  ₹500 a monthAction needed

  By Circular IBBI/LIQ/107/2026, each liquidation form that was due on or before 30 September 2026 and is submitted after its due date must carry a fee of ₹500 plus GST for every month of delay.

• 24Sep

  CustomsIndia–UK CETA: importers need not file Form-I with the Bill of Entry to claim preferential duty, CBIC clarifies

  No Form-I at filingClarified

  Circular 43/2026-Customs says a valid Origin Declaration by the UK exporter is the proof of origin, Form-I under CAROTAR is not a precondition, and an earlier denial cannot be applied to later imports without hearing the importer.

• 24Sep

  CustomsTextile exporters must declare a flame-retardant qualifier in the shipping bill from 1 November 2026

  1 November 2026Action needed

  Circular 42/2026-Customs makes two qualifiers mandatory for listed fabric tariff items of Chapters 52, 55 and 60 — FR001 for flame retardant fabric and FR009 for other fabric — so that FR products can be identified for the PLI Scheme for Textiles.

• 23Sep

  CustomsCampbell Bay and Car Nicobar notified as customs ports for imports and exports: Notification 76/2026-Customs (N.T.)

  Two new ports in A&N IslandsNew facility

  CBIC has added Campbell Bay and Car Nicobar to the list of customs ports in the Union Territory of Andaman and Nicobar. Under Notification No. 76/2026-Customs (N.T.) dated 23 September 2026, both are appointed for unloading of imported goods and loading of export goods, or any class of such goods.

• 23Sep

  CustomsImport duty on crude sunflower oil cut to Nil, on crude soybean and crude palm oil to 5% from 24 September 2026: Notification 31/2026-Customs

  Crude sunflower oil: NilRelief

  The Government has cut Basic Customs Duty on crude sunflower oil from 10% to Nil and on crude soybean and crude palm oil from 10% to 5%, with matching cuts on the refined oils. Notification No. 31/2026-Customs amends six entries of Notification No. 45/2025-Customs and is in force from 24 September 2026. Industry has been asked to pass the benefit on in prices.

• 23Sep

  FEMA & RBIExim Bank’s ₹4,850 crore line of credit to Maldives: at least 75% of contract value to be supplied from India, no agency commission — A.P. (DIR Series) Circular No. 22

  ₹4,850 crore LoC to MaldivesNew facility

  RBI has notified the terms of the Government of India supported Line of Credit of ₹4,850 crore extended by Exim Bank to the Government of Maldives for developmental projects. The agreement is effective from 27 August 2026. Goods, works and services worth at least 75% of the contract price must be supplied from India, and no agency commission is payable on exports under the LoC.

• 22Sep

  Income TaxTDS on property bought from a non-resident: Forms 132 and 141 amended from 1 October 2026

  Form 141, Schedule ERule change

  The Income-tax (Fifth Amendment) Rules, 2026 bring the case where a resident individual or HUF deducts tax on buying immovable property from a non-resident into rules 215, 218 and 219, and add a new Schedule E to Form No. 141.

• 22Sep

  InsolvencyLiquidation: liquidator may modify the list of stakeholders on new information and intimate the Adjudicating Authority within 30 days — IBBI Fifth Amendment Regulations, 2026

  Intimate the AA within 30 daysRule change

  IBBI has amended regulation 31 of the Liquidation Process Regulations, 2016. Sub-regulations (3) and (4) are replaced by a single sub-regulation (3): the liquidator may modify an entry in the list of stakeholders when he comes across additional information warranting it, and shall intimate the Adjudicating Authority within thirty days of the modification. The amendment is in force from its publication in the Official Gazette.

• 22Sep

  SEBIIRDAI repeals 2020 guidelines on repatriation of dividends by foreign-majority insurance intermediaries; prior approval requirement already removed

  2020 dividend guidelines repealedRelief

  IRDAI has repealed its Guidelines on repatriation of dividends by insurance intermediaries having majority by foreign investors, dated 3 January 2020, with effect from 30 July 2026. The Insurance Intermediaries (Amendment) Regulations, 2026 notified on that date removed the requirement of the Authority’s prior approval for repatriating dividends and the condition on related party payments.

• 22Sep

  FEMA & RBIGold and silver import through IIBX: IFSCA widens who can be notified as a Qualified Jeweller — DGFT authorisation holders and GJEPC members can apply

  Qualified Jeweller route widenedRelief

  IFSCA has relaxed the eligibility for being notified as a Qualified Jeweller for importing gold or silver through IIBX. Holders of a valid DGFT Advance Authorisation, a valid GJEPC Registration-cum-Membership Certificate, or a DGFT authorisation for specific ITC (HS) codes can now apply through IIBX. They must trade through a Bullion Trading Member and import only the authorised items.

• 22Sep

  FEMA & RBIBanks must value unquoted InvIT and REIT units at disclosed NAV — and at ₹1 if NAV is not disclosed as SEBI requires or the units are infrequently traded

  InvIT/REIT units: NAV or ₹1Clarified

  RBI has inserted paragraphs 84A and 84B in the Commercial Banks investment portfolio Directions, 2025 to bring uniformity in how banks value units of Infrastructure Investment Trusts and Real Estate Investment Trusts. Quoted units follow the rules for quoted securities; unquoted units are valued at the NAV disclosed by the trust, failing which at ₹1. In force from 22 September 2026.

• 22Sep

  FEMA & RBIRBI finalises rules on novation of OTC derivative contracts; instructions folded into four existing Directions and apply from 22 September 2026

  OTC derivative novationRule change

  RBI has finalised its instructions on novation of OTC derivative contracts, first released as a draft on 9 July 2025. Instead of a separate direction, the instructions are inserted in the four Directions governing OTC foreign exchange, rupee interest rate, government securities and credit derivatives. They apply to any novation undertaken on or after 22 September 2026.