April 2026 Issue No. 4

  1. Corporate Laws (Amendment) Bill, 2026 proposing amendments to the Companies Act and LLP Act to improve ease of doing business introduced in Lok Sabha.
  2. SEBI Board decided to allow AIFs to retain liquidation proceeds after fund expiry and introduced net settlement system for FPIs.
  3. SEBI introduced voluntary lock-in or debit freeze facility for Mutual Fund investors to enhance investor security.
  4. SEBI issued guidelines for custodians to strengthen governance, risk management and operational safeguards.
  5. RBI set July 15 deadline for filing FLA return through the online web-based portal Foreign Liabilities and Assets Information Reporting (FLAIR) system.
  6. MCA introduced major changes to the DIR-3 KYC framework, allowing triennial filing and simplifying regulatory requirements to enhance ease of compliance for Directors.
  7. MCA released advisory for stakeholders on name reservation and incorporation of Company and LLP, recommending proposed names to be unique.
  8. IBBI published amendments to multiple regulations to standardize valuation norms in insolvency and liquidation processes.
  9. IBBI released PGIRP e-Forms to streamline compliance obligations of Insolvency Professionals in personal guarantor cases.
  10. IFSCA issued a circular on fee structure for entities undertaking permissible activities in IFSC and persons seeking guidance under the Informal Guidance Scheme.
  11. Supreme Court held that fraudulent diversion of company funds cannot be legitimized by subsequent shareholder ratification.
  12. Supreme Court ruled that government contracts should not contain one-sided clauses restricting private parties from seeking legal remedies.
  13. Supreme Court held that Committee of Creditor’s decisions under IBC are not absolute and remain subject to judicial scrutiny in cases of illegality or jurisdictional error.
  14. Orissa High Court ruled that maternity leave cannot be denied to guest faculty since motherhood does not depend on the nature of employment.

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