Month: May 2026

Modified Norms for Nomination in Demat Accounts and Mutual Fund Folio SEBI has modified Norms on Nomination to be implemented by regulated entities for Demat Accounts and Mutual Fund Folios w.e.f. September 01, 2026 Default choice of nomination: For all single accounts / folios opened on or after …

Corporate Social Responsibility implementation through zero coupon zero principal instruments Ministry of Corporate Affairs (MCA) has authorised Corporate Social Responsibility (CSR) implementation through zero coupon zero principal instrument. The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2026 provides that a company may carry out Corporate Social Responsibility activities …

Bar Council of India notifies the directions for the election disputes in 2026 State Bar Council election Pursuant to the orders of the Hon’ble Supreme Court, the Bar Council of India has notified the directions for the election disputes arising out of the elections to the State Bar …

Indian Overseas Bank Concurrent Audit Empanelment for the financial year 2026-27 (from 01.07.2026 to 30.06.2027)   Indian Overseas Bank has invited online applications for Bank Concurrent Audit Empanelment for the financial year 2026-27. IOB Concurrent Audit Empanelment The following basic criteria will be adhered to in selection of …

Once Committee of Creditors in its commercial wisdom, decides to reject the Resolution Plan and liquidate the Corporate Debtor on account of the SRA default, there can be no interference. In a recent judgment, Supreme Court has held that once the Committee of Creditors (CoC) in its commercial …

Supreme Court refers the question of applicability of moratorium under IBC on proceedings u/s 138 of the NI Act to Chief Justice for constitution of a larger bench In a recent judgment, Hon’ble Supreme Court has held that moratorium provisions under Part III of the IBC cannot be …

Empanelment to act as ICAI exam observers for September & November 2026 CA Examination. Last date to apply is 30.06.2026 Empanelment of Chartered Accountant Members to act as Observers at Examination Centres for The Chartered Accountants Examinations to be held in September and November 2026. ICAI proposes to …

In abated search assessments u/s 153A, AO’s investigative powers are wide and are not restricted to “incriminating material” only – High Court In a recent judgment, Hon’ble High Court has held that in an abated search assessments under Section 153A, the AO’s investigative powers are as wide as …

Supreme Court declines to entertain SLP due to constitution of the GST Appellate Tribunal  In a recent judgment, Hon’ble Supreme Court has declined to entertain a SLP against the decision of the Allahabad High Court whereby the High Court dismissed the appeal of the Petitioner against the order …

After notice u/s 143(2) is issued in scrutiny proceedings, summary processing u/s 143(1) is not permissible – ITAT In a recent judgment, ITAT Bangalore has held that once scrutiny proceedings initiated by issue of notice u/s 143(2), the assessment proceedings are set in motion under the regular assessment …