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October 2026
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LabourESIC revises constitution and functioning of Medical Boards under section 37 of the Code on Social Security, 2020: Fixed Medical Board to meet at least once a month
Board at least once every monthRule changeESIC has issued revised arrangements, with immediate effect, for the Medical Boards that examine and assess Insured Persons under section 37 of the Code on Social Security, 2020. A Fixed Medical Board is ordinarily to meet at least once every month, a Rotational Peripatetic Medical Board will sit at different ESIC/ESIS Hospitals as required, and the Special Medical Board for occupational disease cases continues at designated centres.
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LabourCode on Social Security section 1(4) notification now covers the whole area of 31 Gujarat districts from 1 October 2026: ESIC circular on S.O. 5310(E)
31 Gujarat districts, 1 Oct 2026Rule changeESIC has circulated Gazette notification S.O. 5310(E) dated 25 September 2026 of the Ministry of Labour & Employment, issued under section 1(4) of the Code on Social Security. It applies to the entire areas of 15 districts of Gujarat that were non-implemented and 16 that were partially implemented, with effect from 1 October 2026.
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SEBINABKISAN lists India’s first WASH-focused social bond on NSE, raises ₹180 crore at 8.10% coupon
₹180 crore, 8.10%, 5 yearsNew facilityNABKISAN Finance Limited, a NABARD subsidiary, listed a social bond dedicated exclusively to the Water, Sanitation and Hygiene (WASH) sector on the National Stock Exchange on 1 October 2026. The issue was oversubscribed 1.8 times and raised ₹180 crore. The five-year bond carries a coupon of 8.10 per cent, matures in September 2031 and is rated CRISIL AAA (Stable) and CARE AAA (Stable).
September 2026
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LabourESI coverage notified in the entire area of 25 districts of Madhya Pradesh from 1 October 2026
25 districts of MPRule changeA Gazette notification under section 1(4) of the Code on Social Security covers the whole of Niwari, which was not implemented at all, and of 24 districts that were only partly covered.
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FEMA & RBIRBI recognises Unified Fintech Forum as a Self-Regulatory Organisation for FinTech
SRO-FTNew facilityRBI examined the application of UFF against its SRO-FT Framework. FinTech Association for Consumer Empowerment (FACE) was recognised as the first SRO-FT in August 2024.
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Company LawCCI directs Trustees’ Association of India and three debenture trustees to cease and desist from fixing a benchmark fee; no monetary penalty
CCI: cease and desist, no penaltyBy an order dated 2 September 2026 under section 27 of the Competition Act, 2002, CCI has directed Trustees’ Association of India, IDBI Trusteeship Services Limited, Axis Trustee Services Limited and SBI CAP Trustee Company Limited to cease and desist from conduct found to violate section 3(3)(a) and 3(3)(b) read with section 3(1). No monetary penalty was imposed.
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SEBIPFRDA proposes overhaul of Point of Presence Regulations: physical and digital modes, LLPs, trusts and societies eligible, annual fee of 1% — exposure draft, comments closed 2 October
Draft: PoP fee ₹25,000, digital nilComments invitedPFRDA’s exposure draft of 2 September 2026 proposes to amend the Point of Presence Regulations, 2018: two modes of distribution (physical and digital), more legal forms eligible for digital-mode registration, application fee of ₹25,000 for physical mode and nil for digital, an annual fee of 1% of charges earned in place of five-yearly renewal, and “NPS Mitra” in place of “pension agent”. These are proposals; the comment period ended on 2 October 2026.
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LabourPF Trusts without a formal exemption order can regularise under the EPF Scheme 2026 amnesty till 28 December 2026
PF Trust amnestyReliefThe one-time amnesty is for PF Trusts recognised under the Income-tax Act that have no exemption order under section 17 of the EPF & MP Act or section 143 of the Code on Social Security.
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LabourESIC issues SOP for compounding first-time offences under section 138 of the Code on Social Security: pay within 15 days, composition certificate in 10 days
Pay in 15 days, certificate in 10New facilityESIC Headquarters has circulated a Standard Operating Procedure for compounding of offences under section 138 of the Code on Social Security, 2020 read with rule 54 of the Social Security (Central) Rules, 2026. An electronic compounding notice goes out in Form-XXIV; the employer pays and applies within 15 days; the composition certificate follows within 10 days. The amount is half the maximum fine for fine-only offences and three-fourths where imprisonment up to one year is also provided.
August 2026
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FEMA & RBIIFSCA Fund Management Regulations amended again: “associate” set at a 20% test, pre-first-close money ring-fenced, differential distribution enabled
Associate = 20% holding testRule changeThe IFSCA (Fund Management) (Second Amendment) Regulations, 2026 redefine “associate” on a 20 per cent holding test, require money received before first close to be parked only in liquid, capital-preserving investments, let Venture Capital schemes make follow-on investments in companies older than ten years, enable senior and junior units, and reset NAV disclosure and FME contribution rules.
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Company LawCCI penalises Agro Input Dealers Association and Agro Input Welfare Association for cartelisation; orders competition compliance training
CCI penalty on agro input bodiesBy an order dated 21 August 2026 under section 27 of the Competition Act, 2002 (Case No. 06 of 2023), CCI has imposed monetary penalties on Agro Input Dealers Association (AIDA), Agro Input Welfare Association (AIWA) and four individuals, directed them to cease and desist, and ordered a competition compliance training programme.
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SEBISEBI cautions investors against “live trading strategies” on social media; live market data cannot be shared, educators must use prices with a 30-day lag
Live trading tips: SEBI cautionSEBI has cautioned investors about persons offering “live trading strategies / real-time strategies” on social media platforms. It has advised investors not to trust such claims, not to base investment decisions on live trading sessions and to deal only with SEBI registered intermediaries. Live market data may not be shared except for orderly market functioning or regulatory requirements.
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SEBISEBI proposes fully digital KYC for NRIs, OCIs and foreign nationals located outside India in FATF-compliant countries; comment window closed on 4 September 2026
Digital KYC from abroad: draftComments invitedA SEBI consultation paper issued on 14 August 2026 proposes to let intermediaries on-board individual persons resident outside India digitally without insisting on physical presence in India, if the client is located in a FATF-compliant country. KYC records of such clients would be treated as portable, and video in-person verification would be subject to concurrent audit. Comments were due by 4 September 2026; the window has closed.
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FEMA & RBIRBI proposes to resume licensing of Urban Co-operative Banks ‘on tap’: draft asks for ₹10,000 crore deposits and ₹300 crore net worth from credit societies
UCB licences: draft rulesComments invitedRBI published draft guidelines on 5 August 2026 for licensing Urban Co-operative Banks on an ‘on tap’ basis. As proposed, only credit co-operative societies that are at least 10 years old, registered under the Multi-State Co-operative Societies Act, 2002, with deposits of at least ₹10,000 crore and net worth of at least ₹300 crore could apply. Comments were invited till 5 September 2026; that window has closed.
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