Key Regulatory & Legal Updates in April 2026
- FEMA / RBI
- FEMA Reporting & Compliance
The Reserve Bank of India, through April 2026 operational clarifications under the Foreign Exchange Management Act, 1999 and FEMA (Non-Debt Instruments) Rules, 2019, has reaffirmed strict timelines of 30 days for FC-GPR and 60 days for FC-TRS filings. Any delay in such reporting shall continue to attract compounding proceedings, with no relaxation in compliance requirements.
Read More: https://www.rbi.org.in/
- NBFC Regulatory Oversight Circulars
Under the RBI Master Direction – NBFC Scale Based Regulation (SBR), 2021, the Reserve Bank of India has, through recent supervisory communications, emphasized strengthening of governance standards and robust risk management frameworks across NBFCs. The RBI has also highlighted close monitoring of evergreening of loans and strict adherence to provisioning norms to ensure transparency and financial discipline.
Read More: https://www.rbi.org.in/
- Securities and Exchange Board of India (SEBI)
- SEBI Circular – Strengthening Disclosure Framework (April 2026):
Under the SEBI (LODR) Regulations, 2015, the Securities and Exchange Board of India has introduced enhanced disclosure requirements for material events under Regulation 30, along with stricter timelines and greater standardization in reporting. Further, additional clarity has been provided on approval mechanisms and disclosure requirements relating to related party transactions (RPTs), reinforcing transparency and governance standards for listed entities.
Read More: https://www.sebi.gov.in/
- SEBI Circular – Insider Trading Compliance Review (April 2026)
Under the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Securities and Exchange Board of India has intensified scrutiny on maintenance of Structured Digital Database (SDD), with a focus on accurate tracking of UPSI and robust audit trails. SEBI has further emphasized strengthening of internal control mechanisms to ensure accountability, prevent leakage of UPSI, and enhance overall compliance standards.
Read More: https://www.sebi.gov.in/