Key Regulatory & Legal Updates in November 2025
- Ministry of Corporate Affairs (MCA)
- Loans & Guarantees Clarification (Section 186)
MCA notified amendment clarifying that NBFCs’ ordinary-course lending and guarantee activities fall squarely within “business of financing industrial enterprises.” It will reduce ambiguity for NBFCs/finance companies in complying with Section 186 limits.
Read More: https://www.mca.gov.in/content/mca/global/en/home.html
- Enforcement on Preferential Issues / CCPS
a “start-up” was penalized for issuing Compulsorily Convertible Preference Shares (CCPS) by private placement / preferential allotment without obtaining a required Registered Valuer’s report.
Read More: https://www.mca.gov.in/content/mca/global/en/home.html
- Securities and Exchange Board of India (SEBI)
- SEBI LODR (Fifth Amendment), 2025
Key changes relate to — materiality thresholds for related-party transactions (RPTs); validity periods of omnibus shareholder approvals; clearer definitions around “holding company” (to mean a listed holding company, if applicable); and revised compliance / disclosure obligations. In view of the same, listed companies must revise RPT policies and disclosure controls.
Read More: https://www.sebi.gov.in/
- Angel Funds – New Sub-Category under AIF Regime
SEBI issued amendments separating Angel Funds as a dedicated AIF sub-category and stricter norms around investor eligibility, disclosure, governance, and investment thresholds have been introduced. Existing funds have a transition window until September 2026 to comply.
Read More: https://www.sebi.gov.in/
- Reserve Bank of India (RBI)
- Export of Goods & Services — FEMA Amendment
This affects aspects like export-related forex flows, compliance with export-of-services/goods regulations, and remittance regulations.
Read More: https://www.rbi.org.in/