MCA Updates
The Companies (Registered Valuers and Valuation) Amendment Rules, 2026
The Companies (Registered Valuers and Valuation) Amendment Rules, 2026 amend the Companies (Registered Valuers and Valuation) Rules, 2017 with effect from the date of their publication in the Official Gazette. The amendment revises the eligibility criteria for registration as a Registered Valuer Organisation (RVO) by requiring it to be incorporated under Section 25 of the Companies Act, 1956 or Section 8 of the Companies Act, 2013, have a minimum paid-up share capital of ₹25 lakh, operate solely for the regulation of valuers of one or more asset classes, and adopt bye-laws in accordance with Annexure III. Existing RVOs that do not meet the minimum paid-up capital requirement have been granted time until 31 March 2028 to comply.
These amendments are aimed at strengthening the governance, financial capacity, and regulatory framework of Registered Valuer Organisations.
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Notification of New Development Bank as Specified Institution
The Central Government, exercising its powers under Section 2(11)(ii) of the Companies Act, 2013, has notified the New Development Bank (NDB) as a specified institution for the purposes of that provision. The NDB was established under the agreement (including its Annex) signed on 15 July 2014 in Fortaleza, Brazil, by the Governments of Brazil, Russia, India, China, and South Africa (BRICS), along with any subsequent amendments to the agreement.
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Relaxation in paying of additional fees in case of delay in filing of DPT-3
The Ministry of Corporate Affairs (MCA) has granted a one-time relaxation in the filing of Form DPT-3 (Return of Deposits) for the financial year 2025–26. Although the statutory due date for filing the form was 30 June 2026, companies will be permitted to submit Form DPT-3 without payment of additional fees up to 31 July 2026.
The relaxation has been provided in view of the ongoing data centre capacity enhancement and restoration activities following the fire incident that occurred on 5 June 2026, which affected MCA’s digital infrastructure. The decision has been issued with the approval of the competent authority.
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GST Updates
Ship To GSTIN” and Voluntary Closure of E-Way Bill functionalities Extension of timeline for implementation of mandatory
Reference is invited to the GSTN Advisory dated 20.05.2026, wherein it was informed that the following functionalities would be implemented in the E-Way Bill system with effect from 15th June, 2026:
- Mandatory capture of “Ship To GSTIN”in Bill-To/Ship-To transactions; and
- Voluntary Closure of E-Way Billfunctionality.
Representations have been received from trade and industry seeking extension of the implementation timeline, citing the requirement of system changes, testing, API/ERP readiness and master data updation across the taxpayer ecosystem.
In view of the above, and to facilitate smooth transition and adequate preparedness by taxpayers, GSPs, ERP providers and other stakeholders, it has been decided to extend the implementation timeline for both the above functionalities.
Accordingly, the mandatory capture of “Ship To GSTIN” in Bill-To/Ship-To transactions and the Voluntary Closure of E-Way Bill functionality shall be implemented with effect from 1st August, 2026, instead of 15th June, 2026.
Taxpayers, GSPs, ERP providers and other stakeholders are advised to complete the necessary system changes, testing and operational preparedness before the revised implementation date.
Advisory on e-Invoice API and e-Way Bill by IRN API changes for mandatory capture of Ship-to GSTIN and Voluntary Closure of e-Way Bill
Reference is invited to the GSTN Advisory dated 20.05.2026 regarding enhancements in the e-Way Bill system, wherein it was informed that “Ship-to GSTIN” shall be mandatorily captured in Bill-to/Ship-to transactions. It was also clarified that where the consignee is an unregistered person, the value “URP” shall be entered in the Ship-to GSTIN field.
In this regard, representations have been received from trade, ERP vendors, GSPs, ASPs, private IRPs and other stakeholders seeking clarification on the applicability of the said requirement in cases where e-Way Bill is generated along with e-Invoice or by using IRN. Representations have also been received regarding the Voluntary Closure of e-Way Bill facility and its impact on portal-based and API-based operations. Accordingly, an advisory has been issued to apprise stakeholders of the corresponding changes introduced in the e-Invoice API, e-Way Bill by IRN API and EWB Closure API. It has also been informed that the aforesaid changes have been made available in the Sandbox environment for testing and system preparedness. The changes are scheduled to be implemented in the Production environment with effect from 1st August, 2026.
All concerned stakeholders may accordingly be advised to access the advisory through the link given below and undertake necessary testing, system changes and preparedness within the prescribed timeline.
