{"id":2656,"date":"2025-12-23T05:36:17","date_gmt":"2025-12-23T05:36:17","guid":{"rendered":"https:\/\/www.rnm.in\/blog\/?p=2656"},"modified":"2025-12-23T05:36:17","modified_gmt":"2025-12-23T05:36:17","slug":"key-regulatory-legal-updates-in-november-2025","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/key-regulatory-legal-updates-in-november-2025\/","title":{"rendered":"Key Regulatory &#038; Legal Updates in November 2025"},"content":{"rendered":"<ol>\n<li><b> Ministry of Corporate Affairs (MCA)\u00a0<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Loans &amp; Guarantees Clarification (Section 186)\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">MCA notified amendment clarifying that NBFCs\u2019 ordinary-course lending and guarantee activities fall squarely within \u201cbusiness of financing industrial enterprises.\u201d It will reduce ambiguity for NBFCs\/finance companies in complying with Section 186 limits.<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html\"><span style=\"font-weight: 400;\">https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html<\/span><\/a><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enforcement on Preferential Issues \/ CCPS<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">a \u201cstart-up\u201d was penalized for issuing Compulsorily Convertible Preference Shares (CCPS) by private placement \/ preferential allotment without obtaining a required Registered Valuer\u2019s report.<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html\"><span style=\"font-weight: 400;\">https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html<\/span><\/a><\/p>\n<ol start=\"2\">\n<li><b> Securities and Exchange Board of India (SEBI)<\/b><\/li>\n<\/ol>\n<ul>\n<li aria-level=\"1\"><b>SEBI LODR (Fifth Amendment), 2025\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Key changes relate to \u2014 materiality thresholds for related-party transactions (RPTs); validity periods of omnibus shareholder approvals; clearer definitions around \u201cholding company\u201d (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.<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.sebi.gov.in\/\"><b>https:\/\/www.sebi.gov.in\/<\/b><\/a><\/p>\n<ul>\n<li aria-level=\"1\"><b>Angel Funds \u2013 New Sub-Category under AIF Regime<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">SEBI issued amendments separating <\/span><b>Angel Funds<\/b><span style=\"font-weight: 400;\"> 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.\u00a0<\/span><\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.sebi.gov.in\/\"><b>https:\/\/www.sebi.gov.in\/<\/b><\/a><\/p>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li><b> Reserve Bank of India (RBI)\u00a0<\/b><\/li>\n<\/ol>\n<ul>\n<li aria-level=\"1\"><b>Export of Goods &amp; Services \u2014 FEMA Amendment\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This affects aspects like export-related forex flows, compliance with export-of-services\/goods regulations, and remittance regulations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Read More:<\/b> <a href=\"https:\/\/www.rbi.org.in\/\"><b>https:\/\/www.rbi.org.in\/<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministry of Corporate Affairs (MCA)\u00a0 Loans &amp; Guarantees Clarification (Section 186)\u00a0 MCA notified amendment clarifying that NBFCs\u2019 ordinary-course lending and guarantee activities fall squarely within \u201cbusiness of financing industrial enterprises.\u201d 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 \u201cstart-up\u201d was penalized for issuing Compulsorily Convertible [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2657,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[442],"tags":[],"class_list":["post-2656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transaction-regulatory-advisory-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Key Regulatory &amp; Legal Updates in November 2025<\/title>\n<meta name=\"description\" content=\"November 2025 regulatory updates covering MCA clarifications, SEBI LODR amendments, Angel Fund norms, and RBI FEMA changes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rnm.in\/blog\/key-regulatory-legal-updates-in-november-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Regulatory &amp; 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