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Track all latest regulatory updates in India — MCA circulars today, SEBI notifications, RBI guidelines, NCLT orders, IBC circulars and FEMA notifications — updated daily for Company Secretaries, Chartered Accountants, Cost Accountants (CMA), law students, CS students, legal enthusiasts, and corporate compliance professionals.
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SEBI permits PAIA performing only sales and non-core services to obtain NISM Series-XXV-B instead of X-A and X-B. Existing eligible certificate holders receive relief until their certifications expire.
Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Investment Advice (PAIA) – Sales and other non-core services

RBI’s Foreign Exchange Management (Authorised Persons) Regulations, 2026 (FEMA 401/2026) overhaul India’s forex authorisation regime with a three‑tier AD framework, stricter fit‑and‑proper and turnover rules, PRAVAAH‑based online applications and a new statutory appeal mechanism.
Notification No. FEMA 401/2026-RB dated April 30, 2026 — Foreign Exchange Management (Authorised Persons) Regulations, 2026. Published in the Gazette of India Extraordinary, Part III — Section 4, CG-MH-E-06052026-272222.

SEBI has proposed the GARUDA mechanism for AIF scheme launches under its Ease of Doing Business reforms. The consultation paper proposes 10-working-day timelines, direct filing for AI-only schemes and Angel Funds, and post-facto risk-based scrutiny.
SEBI Consultation Paper — GARUDA Mechanism for Processing of Placement Memorandum of AIFs (11 May 2026)

SEBI’s May 08, 2026 circular replaces the 1‑day sharing and 3‑month usage rules with a uniform 30‑day lag for sharing and using market price data in education, adds an audit‑trail requirement, and grants NISM a limited 1‑day access window for its simulation lab.
SEBI Circular No. HO/47/17/12(11)2025-MRD-POD3/I/11107/2026 dated May 08, 2026

SEBI has discontinued the IRRA platform with immediate effect. The article explains why IRRA was retired, how Contingency Pool Trading now works as the contingency mechanism, and what brokers should update in their BCP/DR framework.
SEBI Circular No. HO/38/44/12(3)2025-MIRSD-TPD1/I/10705/2026 dated May 07, 2026

SEBI has introduced a fast-track mechanism for processing PPMs of non-LVF AIF schemes effective April 30, 2026. AIFs can now launch schemes and circulate PPMs after just 30 days of filing — without SEBI's prior approval. Full responsibility shifts to Merchant Banker and AIF Manager.
SEBI Circular HO/19/19/11(2)2026-AFD-RAC2
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