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Newsletter

Stay informed and up-to-date with the latest news and insights related to compliance

ricago Newsletter September Edition - 2025

Judicial Insight

SEBI RESOLVES COMPLIANCE LAPSE BY KFIN TECHNOLOGIES AS RTA.

[Settlement Order No. SO/JS/YK/2025-26/8035, Settlement Application No. 8035/2024 filed by KFin Technologies Limited, Date: 26 August 2025]

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Labour Laws

ESIC ZTNA ROLLOUT – CLARIFICATION REGARDING COMPLETION, REPORTING & VALIDITY OF COMPLIANCE CERTIFICATES

This circular is about the rollout of ZTNA (Zero Trust Network Access)within ESIC offices and hospitals. ZTNA is a cybersecurity framework that ensures only secure and capable systems are allowed to connect to ESIC’s network. It is like a strict security checkpoint for computers and devices, so that outdated or weak systems do not put the network at risk.

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Tax Laws

MOF CUSTOMS (FINALIZATION OF PROVISIONAL ASSESSMENT) REGULATIONS, 2025

This notification sets clear rules for how customs duty is finalized when it cannot be decided immediately. It ensures importers and exporters know what documents are required, sets strict deadlines for both parties, and avoids long delays. The process is now more transparent, time-bound, and fair, reducing uncertainty for businesses and ensuring the government collects the correct duty on time.

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Corporate Laws

SEBI CIRCULAR REGARDING STREAMLINING OF THE PROCESS FOR THE SURRENDER OF (KNOW YOUR CLIENT) REGISTRATION AGENCY (KRA) REGISTRATION

This circular ensures that if a KRA shuts down, investors will not suffer. Their KYC data will be safely shifted to another active KRA, and they won’t need to redo the KYC. SEBI has created a clear, step by-step procedure so that investor services continue smoothly, without disruption or risk of data loss.

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Tax Laws

EXTENSION OF THE TEMPORARY EXEMPTION OF CUSTOMS DUTY ON COTTON IMPORTS

Notification No. 36/2025-Customs (28th August 2025) is a straightforward yet significant update as it maintains the essence of the customs exemption while merely prolonging its accessibility from 30th September 2025 to 31st December 2025. This extension provides importers and businesses with essential additional time, cost savings, and flexibility, demonstrating the Government's aim to facilitate trade and lessen compliance strain while continuing to protect public interest.

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Judicial Insight

SUPREME COURT OPENS DIGITAL DOORS TO THE DISABLED, MAKING KYC FOR ALL.

Survivors of acid attacks with facial or eye disfigurements, along with a petitioner who is completely blind, stated that digital KYC/e-KYC/video-KYC is not accessible for them.

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Corporate Laws

RESERVE BANK OF INDIA (CO-LENDING ARRANGEMENTS) DIRECTIONS, 2025

Commercial Banks (except Small Finance Banks, Local Area Banks, and Regional Rural Banks), All-India Financial Institutions, and NBFCs including Housing Finance Companies.

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Industry Specific Laws

MOCI PRESS RELEASE REGARDING NABL LAUNCHES NEW MEDICAL APPLICATION PORTAL FOR ISO

Starting 19 August 2025, NABL’s portal streamlines ISO 15189:2022 accreditation, transforming it into a quicker, digital, and transparent procedure, which usually used to require weeks, now just takes a few hours.

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