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October 2026
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GSTGST portal opens “Multistate Registration”: apply for several States under one PAN in one go
One PAN, many StatesNew facilityGSTN has added a Multistate Registration tab on the portal home page. Common details are entered once through a Master TRN and flow into each State application. For now it is only for normal taxpayers.
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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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 invitedFSSAI 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.
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InsolvencyNCLAT Principal Bench: mentioning, adjournment and extension-of-time requests only by e-mail in Forms A to D, by 3 PM the previous working day
Forms A–D, by 3:00 PMAction neededBy Circular No. 113/2026 dated 10 September 2026, NCLAT has prescribed forms for four kinds of requests before its Principal Bench, New Delhi. Under the accompanying SOP they are to be sent only by e-mail to principalbench.mentioning@nclat.gov.in by 3:00 PM on the preceding working day. Requests not in the prescribed format will not ordinarily be processed.
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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.
August 2026
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Company LawMCA extended the Companies Compliance Facilitation Scheme, 2026 a second time — up to 15 September 2026
15 September 2026ExtendedGeneral Circular 04/2026 dated 31 August 2026 extended CCFS-2026 from 31 August to 15 September 2026 on representations from stakeholders. All other terms of the Scheme stayed unchanged.
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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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FEMA & RBIInfrastructure Debt Fund-NBFCs under Upper Layer regulation to follow the large exposure limits of NBFC-IFCs: RBI amends concentration risk Directions
IDF-NBFC: IFC exposure limitsRule changeRBI has inserted paragraph 39A in its concentration risk Directions for NBFCs. The large exposure limits that apply to Infrastructure Finance Companies (NBFC-IFC) now also apply to Infrastructure Debt Fund-NBFCs (IDF-NBFC) that are subject to Upper Layer regulations. The amendment is dated 25 August 2026 and is in force with immediate effect.
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Company LawMCA FAQs on foreign companies and Indian subsidiaries: FC-1 within 30 days, FC-2 for every RBI extension, apostille rule turns on the place of signing
FC-1 within 30 daysClarifiedThe Ministry of Corporate Affairs has put out FAQs on registration of foreign companies and on Indian subsidiaries of foreign body corporates. They cover Forms FC-1 to FC-4, name reservation under rules 8 and 8A, the documents ROC-CRC expects, and when notarisation, apostille or consularisation is needed.
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GSTDGGI finds 27 undeclared pouch-packing machines in UP pan masala unit; evasion of about ₹185 crore
₹185 croreSearches at six premises in Chitrakoot and Banda led to seizure of 15.5 lakh pouches. Since the capacity-based levy began on 1 February 2026, DGGI has booked 27 cases with evasion of ₹668 crore.
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SEBIOnline Bond Platform Providers may now offer 54EC / section 85 capital-gains bonds and IFSCA-regulated products; compliance officer rule changed
54EC bonds on bond platformsReliefSEBI has widened what Online Bond Platform Providers can offer. From 14 August 2026 they may offer bonds issued under section 54EC of the Income Tax Act, 1961 or section 85 of the Income-tax Act, 2025, and products regulated by IFSCA, each with labelling and disclaimer conditions. The compliance officer is now to be appointed as per the Stock Brokers Regulations, 2026 in place of a Company Secretary.
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Legal & DisputesTRAI: 1601-series numbers for service and transactional calls by utilities, courier and logistics companies; onboarding within 90 days
1601 series: utilities, couriersNew facilityTRAI issued a Direction on 10 August 2026 on the use of 1601-series numbers for service and transactional calls by entities outside the BFSI sector and Government, which use the 1600 series. Phase I covers utilities and logistics and courier services. Telecom service providers are to complete onboarding within 90 days from the date of issue.
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FSSAIPan masala packaging: FSSAI adds paper-based material free of any plastic or aluminium foil, and tin or glass containers, to Schedule IV of the Packaging Regulations
Pan masala: paper, tin or glassRule changeThe Food Safety and Standards (Packaging) Amendment Regulations, 2026 insert a new entry for pan masala in Schedule IV — the list of suggestive packaging materials. It names paper, paper board, cellulose or other naturally derived materials that are free from any plastic and from aluminium foil or metallised layers, and tin or glass containers. The regulations are in force from publication in the Official Gazette; the Gazette issue is dated 10 August 2026.
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Income TaxCBDT FAQs on the Taxation and Other Laws (Amendment) Bill, 2026: electronics contract-manufacturing exemption to 2040-41, data centre conditions eased, new exemptions for rough diamonds
Six changes to the IT Act, 2025ClarifiedCBDT’s FAQs explain six proposals of the Taxation and Other Laws (Amendment) Bill, 2026 on the Income-tax Act, 2025: a ten-year extension of the exemption for foreign companies supplying capital goods to electronics contract manufacturers, easier data centre conditions, two new exemptions, dividend relief for unit holders of business trusts and five conditions instead of thirteen for offshore funds.
June 2026
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Company LawDPT-3 for FY 2025-26: MCA allowed filing without additional fees till 31 July 2026 after data centre fire
No extra fee till 31 JulyReliefBy General Circular No. 02/2026 of 19 June 2026, the Ministry of Corporate Affairs allowed companies to file Form DPT-3 (return of deposits) for the financial year 2025-26 without additional fees up to 31 July 2026, because of restoration work at its data centre after a fire on 5 June 2026.
February 2026
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GSTPan masala and tobacco: GST value now worked out from the retail sale price, from 1 February 2026
Value = RSP less taxRule changeFrom 1 February 2026, the value of supply of pan masala and notified tobacco goods on which a retail sale price is declared is the retail sale price less the tax, under new rule 31D of the CGST Rules read with Notification No. 19/2025-Central Tax.
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