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Latest from the Regulator - October 2026
1. MCA extends annual filing deadlines for FY 2025–26
The Ministry of Corporate Affairs (MCA) has extended the duration for filing financial statements and annual returns for FY 2025-26, permitting companies more time to complete their regulatory compliances without paying additional filing fees.
The MCA has extended the filing timelines for financial statements in Form AOC-4 and applicable variants until 31 December 2026, and annual returns in Forms MGT-7 and MGT-7A until 31 January 2027, without additional fees. The extension offers companies more time to complete statutory annual filings.
For more details, please visit:
https://www.mca.gov.in/bin/dms/getdocument?mds=41zm4eswO3dQoa4liLFfOw%253D%253D&type=open
2. SEBI extends the compliance timeline for debenture trustees
The Securities and Exchange Board of India (SEBI) has extended the deadline for Debenture Trustees (DTs) to comply with requirements governing non-SEBI-regulated activities to April 27, 2027.
Core Requirement: Under Regulation 9C of the SEBI (Debenture Trustees) Regulations, 1993 (introduced in October 2025), registered debenture trustees must segregate and transfer activities outside SEBI's regulatory purview into separate business units (SBUs).
Reason for Extension:
• SEBI constituted an Expert Working Group (EWG) in June 2026 to conduct a comprehensive review of the regulatory framework for debenture trustees, including the SBU structure.
• The extension also responds to representations from debenture trustee associations highlighting operational and implementation challenges
For more details, please visit:
https://www.sebi.gov.in/legal/circulars/oct-2026/extension-of-timeline-for-compliance-with-terms-and-conditions-by-debenture-trustees-dts-for-carrying-out-activities-outside-the-purview-of-sebi_105454.html
3. RBI revises operational-risk capital requirements for commercial banks
The Reserve Bank of India issued the Reserve Bank of India (Commercial Banks – Forthcoming Instructions) Second Amendment Directions, 2026 (RBI/2026-27/299) on October 23, 2026.
Key Details:
• Effective Date: Chapter IV of the 2025 Directions along with these amendments will come into effect on April 1, 2027, aligning with the Basel III Standardised Approach (Basel III SA) go-live for capital adequacy.
• Applicability: Applies to commercial banks, excluding Small Finance Banks, Payments Banks, and Regional Rural Banks.
• Business Indicator (BI) Mapping: Provides an indicative mapping of Business Indicator constituents (Interest, Lease, and Dividend Component [ILDC], Services Component [SC], and Financial Component [FC]) to financial statement schedules and line items.
• Accounting Consistency: Directs banks to adhere strictly to the operational risk framework's definitions and sub-items whenever financial statement measurement, classification, or presentation differs.
• Basel Clarifications: Incorporates latest technical clarifications issued by the Basel Committee on Banking Supervision (BCBS), including specific treatments for operating lease rentals, expenses, depreciation, impairment, and interest-rate derivative assets.
For more details, please visit:
https://rbi.org.in/scripts/NotificationUser.aspx?Id=13744&Mode=0
3. TRAI internet TV proposal raises OTT regulation concerns
The Telecom Regulatory Authority of India (TRAI) has recommended a new authorisation framework for internet-based TV services, raising concerns among legal experts about the possibility of wider regulation of online content platforms. The recommendations also propose compliance and reporting requirements for service providers, along with consumer complaint-handling arrangements.
Experts have questioned whether the Telecommunications Act, 2023, gives TRAI the authority to regulate these services and whether the proposal could set a precedent for regulating other internet-based applications. TRAI's recommendations have been submitted to the government for consideration, but they have not yet become final rules.
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Institute of Directors India
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Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 31,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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Disclaimer: The opinions expressed in the articles/ stories are the personal opinions of the author. IOD/ Editor is not responsible for the accuracy, completeness, suitability, or validity of any information in those articles. The information, facts or opinions expressed in the articles/ speeches do not reflect the views of IOD/ Editor and IOD/ Editor does not assume any responsibility or liability for the same.
