REGULATORY CIRCULARS & NOTICES

News & regulatory updates

Circulars, directions and commentary tracked daily across IFSCA, RBI, SEBI and the professional firms RRBP follows. Each item links to the issuing authority’s own page.

August 2026

MMJ The Oxford Comma: A Small Punctuation Mark with Big Legal Consequences General • 26 Aug 2026 • Makarand M. Joshi & Co. IFSCA Requirement for Fund Management Entities (FMEs) to maintain a website or webpage GIFT IFSC • 26 Aug 2026 • International Financial Services Centres Authority (IFSCA) MMJ Restriction on Layers of Subsidiaries: Wholly Owned, Not Wholly Exempt General • 25 Aug 2026 • Makarand M. Joshi & Co. MMJ Section 185 and Loans to LLPs: Can a Company Lend to an LLP Where Its Directors Act as Nominee Designated Partners? Corporate Law • 25 Aug 2026 • Makarand M. Joshi & Co. RBI Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Fourth Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Fourth Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Fourth Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) RBI Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Fourth Amendment Directions, 2026 General • 25 Aug 2026 • Reserve Bank of India (RBI) MMJ Your IPO Is Anchored. But What Happens When the Anchor Investors Leave? General • 25 Aug 2026 • Makarand M. Joshi & Co. MMJ RBI NBFC Responsible Business Conduct (Second Amendment Directions, 2026) General • 25 Aug 2026 • Makarand M. Joshi & Co. IFSCA Extension of timeline for obtaining International Securities Identification Numbers (ISINs) from a recognised depository in IFSC GIFT IFSC • 25 Aug 2026 • International Financial Services Centres Authority (IFSCA) MMJ Possession of UPSI may raise presumption -but the presumption is rebuttable SEBI • 24 Aug 2026 • Makarand M. Joshi & Co. IFSCA SEZ Compliance FAQs Booklet v2.0 GIFT IFSC • 20 Aug 2026 • International Financial Services Centres Authority (IFSCA) IFSCA Public Comments received on the proposed amendment to IFSCA (Manner of Payment and Receipt of Premium) Regulations, 2022 GIFT IFSC • 19 Aug 2026 • International Financial Services Centres Authority (IFSCA) RBI Overseas Direct Investment for July 2026 FEMA • 18 Aug 2026 • Reserve Bank of India (RBI) IFSCA Public Consultation on Enabling Operating Lease, including any Hybrid of Operating and Financial Lease, of 'GPU and Connected Data Centre Equipment' as a Financial Product GIFT IFSC • 18 Aug 2026 • International Financial Services Centres Authority (IFSCA) IFSCA IFSCA issues consultation paper on enabling leasing of Graphics Processing Units (GPUs) and connected data centre equipment as a financial product GIFT IFSC • 18 Aug 2026 • International Financial Services Centres Authority (IFSCA) SEBI Revision of Application Form for Mutual Fund Registration SEBI • 17 Aug 2026 • Securities & Exchange Board of India (SEBI) IFSCA Consultation Paper on the Draft Circular titled “Framework for Leasing Activity in International Financial Services Centre" GIFT IFSC • 13 Aug 2026 • International Financial Services Centres Authority (IFSCA) CAM No immunity, no data: Legal gap clouds GIFT City’s data embassy aspirations GIFT IFSC • 12 Aug 2026 • Cyril Amarchand Mangaldas CAM Data centre sector gets policy boost as LS clears taxation amendment Bill General • 12 Aug 2026 • Cyril Amarchand Mangaldas IFSCA Consultation paper on proposed amendments to the IFSCA Banking Handbook on General Directions GIFT IFSC • 12 Aug 2026 • International Financial Services Centres Authority (IFSCA) IFSCA Public Comments received in response to the Consultation Paper on Amendments to IFSCA (Fund Management) Regulations, 2025 GIFT IFSC • 12 Aug 2026 • International Financial Services Centres Authority (IFSCA) RBI Reserve Bank of India (Priority Sector Lending – Targets and Classification) Second Amendment Directions, 2026 General • 7 Aug 2026 • Reserve Bank of India (RBI)

July 2026

June 2026