Dear Readers, During the month of February 2026 Team RNM is pleased to share that commercial operations of the RNM Capital Trust, the Gift City based licensed Alternative Investments Fund (AIF) category 3 commenced. The Fund is our small contribution towards achieving the vision of Honorable Prime Minister Modi of converting Gift City, an International Financial Service Centre (IFSC)
This month’s economic update reviews recent developments in UK growth, inflation, the labour market, productivity, and business investment. Together these indicators provide insight into the current trajectory of the UK economy and the potential direction of future monetary policy decisions. Global trade developments, particularly those linked to US tariff policies, also remain an important backdrop for economic uncertainty. UK growth
GST Calendar –Compliances for the month of February ’2026 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) March 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) March 10, 2026 GSTR-1 March 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) March 13, 2026 GSTR-6 Input Service Distributor March 13, 2026 GSTR-2B (Auto Generated Statement) March 14, 2026
Torrent To Buy Thermal Power Operator From L&T In $403 Mn Deal Torrent Power Ltd has agreed to acquire a 100% stake in L&T Power Development Ltd for $403 million (Around INR 3,660 crores), gaining control of the 1,400 MW Nabha Power Ltd in Punjab. The deal, subject to regulatory approvals, is expected to close by June 30, 2026. Nabha
09 Feb 2026: IFSC Units Granted Access to Online PAN Verification via Protean Portal The International Financial Services Centres Authority (IFSCA) has enabled IFSC-registered entities to access online PAN verification services through the Protean portal to facilitate client onboarding and regulatory compliance. As part of the onboarding process, all IFSC Units are required to verify the Permanent Account Number (PAN)
Important Judicial Precedents Tribunal erred in granting registration u/s 12AB and 80G without inquiry into trust’s genuineness; matter remanded: HC [2026] 183 taxmann.com 742 (Delhi-HC) CIT, Exemption vs. Kush Innovative Foundation Where assessee-trust holding provisional registration under section 12AB applied for regular registration and approval under Section 80G but Commissioner rejected same for non-furnishing of documents, Tribunal’s direction to grant
Ministry of Corporate Affairs (MCA) Expansion of Regional Directors MCA expanded Regional Director (RD) offices to 10 locations including Ahmedabad, Bengaluru, Chandigarh, Mumbai, Delhi, etc. Read More: https://www.mca.gov.in/content/mca/global/en/home.html Reorganisation of ROC Jurisdiction Implementation of revised ROC jurisdiction structure deferred and made effective from 16 February 2026. Read More: https://www.mca.gov.in/content/mca/global/en/home.html Securities and Exchange Board of India (SEBI) Master Circular for
7th Mar Due date for deposit of Tax deducted/collected for the month of February, 2026 15th Mar 4th instalment of advance tax for the assessment year 2026-27 15th Mar Due date for payment of whole amount of advance tax in respect of assessment year 2026-27 for assessee covered under presumptive scheme of section 44AD / section 44ADA 17th Mar Due date for
Dear Readers, During the month of January 2026 Team RNM participated in the World Forum of Accountants (WOFA 2.0) at Greater Noida organized by Institute of Chartered Accountants of India. The WOFA 2.0 had over 9000 delegates and illustrious speakers including Mr. Piyush Goyal, Union Minister of Commerce and Mr. Kumar Mangalam Birla, Chairman Aditya Birla Group. We were
Apax Partners Picks Up Minority Stake In Ready-To-Cook Brand ID Fresh Apax Partners has acquired a significant minority stake around 35% in ready-to-cook brand iD Fresh Food for roughly $166 million (around INR 1,500 crores), marking its first India deal in over a year. The stake was bought from existing investors Premji Invest and TPG NewQuest, who will continue