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October 2026
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GST57th GST Council: arrest power to go, prosecution threshold ₹5 crore, automatic refunds and wider input tax credit recommended
Prosecution: ₹1 crore → ₹5 croreReliefThe GST Council, in its 57th meeting on 8 October 2026, recommended omitting the arrest power in section 69 of the CGST Act, raising the prosecution threshold from ₹1 crore to ₹5 crore and cutting the general penalty from ₹25,000 to ₹10,000. It also recommended system-sanctioned refunds, refund of credit on capital goods and input services, a shorter list of blocked credits and a simpler registration for small e-commerce sellers. None of it is law yet: each item needs a circular, notification or amendment.
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SEBISEBI sets the ISIN cap for privately placed debt at seventeen maturing in a financial year, with extra ISINs above ₹15,000 crore: Circular HO/17/11/24(8)2026-DDHS-POD1/I/23125/2026
17 ISINs a financial yearRule changeSEBI has replaced paras 1.1 to 1.3 of the ISIN provisions of its NCS Master Circular to increase the maximum number of ISINs maturing in a financial year for debt securities issued on private placement basis. An issuer is now allowed seventeen ISINs maturing in any financial year: twelve for plain vanilla debt and five for structured, market linked, floating rate, zero coupon and Tier II instruments, plus six more for section 54EC capital gains bonds. The change took effect immediately on 7 October 2026.
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InsolvencyIBBI marks ten years: Minister of State says IBC has strengthened credit discipline; NCLT President flags admission thresholds and mediation as reform areas
IBBI 10th Annual DayThe Insolvency and Bankruptcy Board of India held its 10th Annual Day at Bharat Mandapam, New Delhi on 1 October 2026. Speakers pointed to faster, value-maximising resolution as the task for the next decade. IBBI’s Chairperson said the ecosystem now has over 4,400 Insolvency Professionals and over 6,000 Registered Valuers.
September 2026
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Company LawMCA cautions public on Nidhi companies promising high returns; only 395 are declared Nidhis
395 NidhisClarifiedMCA 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.
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FEMA & RBIRBI issues final Basel III market-risk capital rules for commercial banks: Simplified Standardised Approach from 1 April 2027
Market risk rules: 1 Apr 2027Rule changeRBI has issued the Reserve Bank of India (Commercial Banks – Minimum Capital Requirements for Market Risk) Directions, 2026, finalising draft guidelines of 17 February 2023. Banks must use the Simplified Standardised Approach, with capital computed for interest rate, equity and foreign exchange risk. The Directions take effect from 1 April 2027.
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Legal & DisputesCCPA imposes ₹10 lakh penalty on Dial4Trade for listing ammonium nitrate without licence checks; rejects B2B and safe-harbour defences
₹10 lakh penalty on Dial4TradeThe Central Consumer Protection Authority has imposed a ₹10 lakh penalty on Dial4Trade Technologies Private Limited for facilitating the online listing, advertising and sale of ammonium nitrate without the mandatory safeguards, and directed it to stop listing any substance classified as an explosive under the Explosives Act, 1884. Seven other platforms are under examination.
January 2026
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Accounting & AuditICAI CPE hours from 2026: 30 hours for members aged 60–70 in practice, plus 3 compulsory hours on auditing, ethics and digital technology
CPE from 1 Jan 2026Rule changeFrom calendar year 2026, ICAI members holding a certificate of practice need 40 CPE hours below age 60, 30 hours at 60–70, 20 hours at 70–80 and 10 hours at 80 and above. Non-practising members aged 60 and above are exempt, and one structured hour each on Standards on Auditing, Code of Ethics and Digital Technology is compulsory.
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