Missed a few circulars last month? You’re not alone. With MCA amendments, SEBI consultations, RBI drafts, and GST advisories all dropping in July, even the most diligent professionals had their hands full.
This blog brings you every key update in one place, expertly organised, AI-search optimised, and written to help you act, not just read.
Corporate Law & Compliance Updates (MCA)
The Ministry of Corporate Affairs (MCA) introduced critical changes to streamline compliance and global access for Indian companies:
- The Companies (Incorporation) Amendment Rules, 2025: Form INC-22A substituted; Simplifies company incorporation procedures and standardises reporting.
- The Companies (Restriction on Number of Layers) Amendment Rules, 2025: Form CRL1 substituted; Streamlines corporate structuring and compliance.
- The Companies (Listing of Equity Shares in Permissible Jurisdictions) Amendment Rules, 2025: Form LEAP-1 substituted; Facilitates easier global listings for Indian companies.
💡 What this means for you: These updates reduce procedural bottlenecks and create new opportunities for cross-border structuring. If you’re advising clients on foreign listings or multi-layered structures, keep these revised forms handy.
SEBI: A Month Packed with Circulars, Master Directions & Consultations
July was particularly heavy on SEBI notifications, signalling its focus on ease of doing investment and improved market transparency:
- Ease of Doing Investment
- Special Window for Re-lodgement of Transfer Requests of Physical Shares.
- Circular on Operational Efficiency in Monitoring NRIs’ Position Limits in Exchange Traded Derivatives.
- Circular on Monitoring Minimum Investment Threshold under Specialized Investment Funds (SIF).
- Framework Revisions & Draft Consultations
- Review of Framework for Conversion of Private Listed InvITs into Public InvITs.
- Consultation on Categorization and Rationalization of Mutual Fund Schemes.
- Consultation on review of LODR Regulations for Ease of Doing Business.
- Master Circulars Released
- Registrars to an Issue and Share Transfer Agents.
- Investment Advisers & Research Analysts.
- Listing Obligations for Non-Convertible Securities.
- Infrastructure Investment Trusts (InvITs).
- Real Estate Investment Trusts (REITs).
- Credit Rating Agencies (CRAs).
- ESG Rating Providers (ERPs).
- Portfolio Managers.
- Regulatory Clarifications
- SEBI (Certification of Associated Persons in the Securities Markets) (Amendment) Regulations, 2025.
- FAQs for Research Analysts.
- Informal guidance on AIF, LODR, and SAST Regulations.
- Consultation on valuation of gold and silver ETFs.
💡 What this means for you: These changes impact fund managers, intermediaries, and compliance officers alike. Expect tighter disclosure frameworks, clearer valuation norms for ETFs, and improved operational standards across capital markets.
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IBBI: Strengthening Insolvency Resolution
- IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025: Information memoranda must now include all identified avoidance transactions or fraudulent trading details.
- Withdrawal of Form IP-1: Discontinued for assignments under IBC processes.
💡 Why it matters: Greater transparency in insolvency processes means CAs and legal advisors must adapt due diligence checklists accordingly.
Banking & Finance: RBI & FEMA Updates
The Reserve Bank of India rolled out significant drafts and directions:
- RBI (Pre-payment Charges on Loans) Directions, 2025
- Draft Novation of OTC Derivative Contracts Directions, 2025
- Basel III Capital Regulations: CareEdge Global IFSC Limited recognised as an External Credit Assessment Institution.
- FEMA (Export of Goods & Services) (Amendment) Regulations, 2025: Expanded list of exempted categories for offshore vessels.
- Draft directions on:
- Closure of Shipping Bills in EDPMS.
- Digital Banking Channels Authorisation.
- Business Authorisation for Co-operative Banks.
💡 Key takeaway: These measures aim to simplify trade compliance, modernise digital banking, and align capital regulations with global standards.
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Audit & Accounting: IFSCA & ICAI Highlights
- IFSCA Circulars and Drafts:
- Guidance on submission of prior approval/intimation requests.
- Public advisory on online scams and frauds.
- Draft IFSCA (TechFin and Ancillary Services) Regulations, 2025.
- Consultation papers on capital market intermediaries, OTC derivatives reporting, AML/KYC modifications, and appointment of Public Interest Directors.
- IFSCA (TechFin and Ancillary Services) Regulations, 2025: Now in effect.
- IFSCA (Procedure for Making Regulations) Regulations, 2025: Mandates public consultation before implementing significant regulations.
- Press Release: Regulatory action against non-compliant Fund Management Entities.
- ICAI Guidelines: Limit of 60 tax audits per CA or partner per year effective April 2026.
💡 Why it matters: Audit professionals need to prepare for workload restructuring, while firms operating in IFSC must review their compliance processes in light of the new TechFin regulations.
Direct Tax Updates
- CBDT Clarifications:
- Waiver on levy of interest under Section 201(1A)(ii)/206C(7).
- Relaxation of time limit for processing electronically filed returns under Section 119(2)(b).
- Parliamentary Action: Lok Sabha’s Select Committee to examine the Income-Tax Bill, 2025.
- Supplementary FAQs on Finance Bill 2025: Covers indirect investment limits, capital asset definitions, presumptive taxation, and block assessment rules.
💡 Practical impact: Advisors should update tax planning strategies for clients based on these clarifications to avoid disputes or penalties.
Indirect Tax & Trade
- GSTN Advisories:
- GSTR-3A Notices for non-filing of GSTR-4 for cancelled composition taxpayers.
- Reporting values in Table 3.2 of GSTR-3B.
- India-UK CETA: Elimination of 99% tariffs to boost trade, investment, and market access.
💡 Action step: Businesses engaged in UK trade should prepare for new pricing models and compliance adjustments.
Why Staying Updated Matters
For CAs and lawyers, missing a single circular isn’t just an inconvenience. It’s a liability. With regulatory complexity only increasing, tools like Vidur’s AI Agent help you:
- Get real-time updates with clear “what-it-means” context.
- Search across corporate, tax, and regulatory laws with zero-hallucination accuracy.
- Draft, review, and advise more efficiently, without compromising compliance.
📌 Next Step: Stay Ahead of Every Update
Don’t let regulatory changes derail your deals or audits.
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