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ARTICLE · 02 APRIL 2025

Regulatory Compass Updates & Key Rulings

MCA vide Circular No. 03/2024 has extended the due date for filing e-form LLP BEN-2 (Declaration under Section 90) and LLP Form 4D Q3 of FY 2023-24 | October 2023 (Declaration of Beneficial Interest) to July 1, 2024.

IndiaCorporate/Commercial Law
Solique Advisors
Solique Advisors

MCA Updates

May 7, 2024 - MCA vide Circular No. 03/2024 has extended the due date for filing e-form LLP BEN-2 (Declaration under Section 90) and LLP Form 4D Q3 of FY 2023-24 | October 2023 (Declaration of Beneficial Interest) to July 1, 2024. This extension is attributed to the transition from version V-2 to V-3 of the MCA and the practical challenges encountered during this process.

RBI Updates

April 15, 2024 - RBI vide Notification No. RBI/2024-25/17 allows Indian resident entities to hedge gold price risk through over-the-counter (OTC) derivatives, alongside those traded on exchanges within the International Financial Services Centre (IFSC). This change is intended to provide more flexibility in managing gold price risk and aligns with the Master Direction on Hedging Commodity Price Risk and Freight Risk in Overseas Markets.

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