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TAXATION OFFICIAL GAZETTE BRIEFCorporate Law Update
TAXATION
India–Mauritius Tax Treaty Gets a Principal Purpose Test: Notification No. 135/2026
CBDT has notified the 2024 Protocol amending the India–Mauritius DTAA (S.O. 5611(E), dated 13 October 2026), inserting a Principal Purpose Test (Article 27B) and an anti-treaty-shopping preamble. The Protocol has been in force since 10 August 2026.
15 October 20266 min
Reserve Bank of India (All India Financial Institutions - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026
RBI Standardises InvIT and REIT Unit Valuation Across Banks and AIFIs — 2026 Amendment Directions
RBI has issued five Amendment Directions, effective September 22, 2026, inserting identical valuation rules for InvIT and REIT units held by specified Banks and FI, including a ₹1 fallback for undisclosed-NAV or infrequently traded units.
Reserve Bank of India (All India Financial Institutions - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026
22 September 2026Eff. 22 September 202614 min
Reserve Bank of India (Local Area Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
RBI Second Amendment Directions 2026: New CRR/SLR Rules for Scheduled Local Area Banks
RBI's September 11, 2026 Second Amendment Directions insert scheduled-bank CRR/SLR provisions into the Local Area Banks Directions, 2025, triggered by Coastal Local Area Bank's inclusion in the Second Schedule to the RBI Act.
Reserve Bank of India (Local Area Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Second Amendment Directions, 2026
11 September 2026Eff. 11 September 202613 min
RBI
RBI Cuts Temporary Deposit Interest Rate Relaxation to 31 August 2026 for Banks and Rural Co-operative Banks
RBI has shortened the temporary relaxation on FCNR(B) and NRE deposit interest-rate restrictions for six categories of banks, changing the sunset date from 30 September 2026 to 31 August 2026.
25 August 2026Eff. 25 August 202610 min
Framework for Calculation of Net Distributable Cash Flows for InvITs
MandatorySEBI Allows Debt-Funded Major Maintenance Add-Back in NDCF Calculation for InvITs (2026)
SEBI's August 14, 2026 circular lets InvITs add back debt-funded major maintenance expenses on road projects while computing NDCF, subject to unitholder approval, auditor certification and enhanced disclosures. Amends the July 2025 Master Circular; effective immediately.
Framework for Calculation of Net Distributable Cash Flows for InvITs
14 August 2026Eff. 14 August 202616 min
Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks
RBI Issues Draft Concentration Risk and Credit Facilities Amendment Directions for Rural Co-operative Banks 2026
RBI has issued two draft Directions for Rural Co-operative Banks - new Concentration Risk Management norms and Credit Facilities amendments - covering exposure, housing loan, and unsecured advance limits. Comments due August 28, 2026.
Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks
7 August 202613 min
RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
RBI Issues Draft Guidelines for 'On Tap' Licensing of Urban Co-operative Banks 2026
RBI's draft guidelines allow eligible multi-state credit co-operative societies to apply for UCB banking licenses on an on-tap basis. Sets eligibility, capital, governance norms. Comments open till September 05, 2026.
RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
6 August 202615 min
Review of norms for utilization of interest or income from IPF of the Depositories
SEBI Revises IPF Interest Utilisation Norms for Depositories 2026
SEBI amends IPF utilisation norms for Depositories, cutting mandatory ploughback of interest/income from IPF investments from 100% to at least 95%, permitting up to 5% for IPF Trust administrative and statutory expenses. Effective September 01, 2026.
Review of norms for utilization of interest or income from IPF of the Depositories
7 July 2026Eff. 1 September 20269 min
Consultation paper on rationalizing the requirement of obtaining investor consent and ambit of conflicted transactions requiring investor consent under SEBI (Alternative Investment Funds) Regulations, 2012
MandatorySEBI Consultation Paper on Investor Consent & Conflicted Transactions under AIF Regulations 2026
SEBI proposes standardizing AIF investor consent methods, raising the 2/3rd threshold to 75%, and widening "associate" to "related party" for conflicted transactions. Comments due July 21, 2026.
Consultation paper on rationalizing the requirement of obtaining investor consent and ambit of conflicted transactions requiring investor consent under SEBI (Alternative Investment Funds) Regulations, 2012
30 June 202617 min
MCA
MandatoryMCA Data Centre Fire & Complete Relief Package — DPT-3, Name Reservation & CCFS-2026 (June 2026
A fire alarm at the MCA Data Centre on June 5, 2026 disrupted MCA21 services during the year's peak filing window. MCA has issued two emergency reliefs in response — covering DPT-3 (deadline: July 31) and name reservations & e-form resubmissions (deadline: July 10)
28 June 2026Eff. 19 June 202617 min