Key Regulatory & Legal Updates in September 2026
- MCA
- Extension of tenure of Technical Members of NCLAT
The Ministry of Corporate Affairs has issued notifications during September 2026 extending the tenure of certain Technical Members of the National Company Law Appellate Tribunal (NCLAT). The extensions are intended to ensure continuity in the functioning of the Tribunal and disposal of matters under the Companies Act, 2013 and related laws.
Read More: https://www.mca.gov.in/
- Companies (Indian Accounting Standards) Amendment Rules, 2026 notified
MCA continues to operate the MCA21 V3 filing framework, with stakeholders being advised to use the updated filing processes, FAQs and functionality available on the MCA portal. The Ministry has also continued issuing stakeholder guidance relating to company and LLP forms, including incorporation, annual filing and other statutory forms.
Read More: https://www.mca.gov.in/
- FEMA / RBI
- Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2026
The Central Government has amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to permit an e-commerce entity to undertake an inventory-based model of e-commerce exclusively for exporting goods or products manufactured or produced in India, subject to the Foreign Trade Policy, Handbook of Procedures and applicable FEMA export regulations. The amendment also provides that the existing restrictions relating to B2C and inventory-based e-commerce will not apply to such permitted export transactions.
Read More: https://www.rbi.org.in
- Amendment to Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026
The Reserve Bank of India has notified amendments to the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026. The amendments revise certain timelines and provisions governing export and import transactions and are aimed at simplifying the regulatory framework applicable to cross-border trade transactions. The amendments are to come into effect from 1 October 2026 and should therefore be considered for transactions undertaken from that date.
ReadMore:https://www.rbi.org.in
- Review of Circulars issued under FEMA, 1999
The Reserve Bank of India has undertaken a review of circulars issued under the Foreign Exchange Management Act, 1999 and withdrawn certain circulars that had become inoperative due to subsequent amendments, redundancy, overlap or supersession. The measure forms part of RBI’s ongoing initiative to rationalise and streamline the FEMA regulatory framework.
ReadMore: https://www.rbi.org.in
- Securities and Exchange Board of India (SEBI)
- Ease of regulatory compliances for FPIs investing only in Government Securities
SEBI has introduced measures to ease regulatory compliances for Foreign Portfolio Investors (FPIs) investing exclusively in Government Securities. The measure is intended to simplify the compliance framework applicable to such FPIs while maintaining the necessary regulatory and reporting requirements.
Read More: https://www.sebi.gov.in
- Relaxation in timeline with respect to Accredited Investor mandate for Angel Funds
SEBI has relaxed the timeline relating to the Accredited Investor mandate for Angel Funds. The measure provides additional time to comply with the applicable accredited-investor requirements and is intended to facilitate smoother implementation of the regulatory framework applicable to Angel Funds.
Read More: https://www.sebi.gov.in
- Review of position limits for clients in Commodity Derivatives Segment
SEBI has reviewed the position limits applicable to clients in the Commodity Derivatives Segment along with the penalty provisions for violation or breach of the prescribed position limits. The changes are aimed at strengthening the risk-management framework and ensuring appropriate controls over positions held in commodity derivative contracts.
Read More: https://www.sebi.gov.in
- Key decisions taken in the SEBI Board Meeting
At its Board Meeting held on 24 September 2026, SEBI approved various regulatory measures relating to the securities market, including changes to the settlement framework, introduction of a common advertising code for specified regulated entities, and measures relating to investment by Portfolio Managers in mutual fund units. The Board also considered measures concerning commodity derivatives and other regulatory matters.
Read More: https://www.sebi.gov.in
Raghu Marwah
Chartered Accountant | International Taxation, FEMA & Corporate Advisory
Raghu Marwah is a Chartered Accountant, leading the firm's Consultancy Services and International Taxation practice. He advises Indian and international businesses on FEMA and RBI regulations, cross-border taxation, transfer pricing, India-entry strategies and overseas expansion. His professional experience also includes audit, tax compliance, M&A transactions across India and International Markets.