Recent income tax, GST, company law and compliance updates with source references.
The RBI has extended its existing directions on The Suri Friends’ Union Co-operative Bank Ltd., West Bengal, by three months, through the close of business on 22 January 2027. Existing terms remain unchanged, and the extension is subject to review.
Source: Reserve Bank of India · Press Release 2026-2027/1367The RBI has removed paragraph 37, covering limits for non-option derivative contracts, from its Commercial Banks – Miscellaneous Directions, 2025. The Second Amendment Directions issued on 19 October 2026 took effect immediately.
Source: Reserve Bank of India · DOR.MRG.REC.No.248/00-00-020/2026-27The RBI has deleted paragraph 37 on limits for non-option derivative contracts from its Small Finance Banks – Miscellaneous Directions, 2025. The amendment, dated 19 October 2026, applies immediately.
Source: Reserve Bank of India · DOR.MRG.REC.No.249/00-00-020/2026-27