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Director compliance relief: Corporate affairs ministry eases KYC norms, shifts from annual filing to 3-year cycle

The Corporate Affairs Ministry has relaxed compliance requirements for company directors by replacing the mandatory annual KYC filing with a simplified requirement once every three years under the Companies Act, 2013, PTI reported.The change follows a review of Rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014, based on recommendations of the…

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Budget 2026: Time to cut the red tape for non-resident taxpayers

At present, non-resident individuals must file an Indian tax return if their total income exceeds Rs. 2.5 lakh. (AI image) India’s economic footprint extends far beyond its borders. Millions of Indians living abroad continue to hold property, investments, and financial interests back home. Foreign nationals and global investors, too, increasingly engage with Indian businesses. Yet,…

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