A Governance-Driven Shift in Board Reporting Requirements Effective from July 14, 2025, these amendments mandate additional disclosures in the Board's Report and impose stricter requirements around the filing of financial statements through Form AOC-4 and its variants.
Applicability and Effective Date of the Amendment
The Companies (Accounts) Second Amendment Rules, 2025 will officially come under effect from 14th July 2025. From this date onwards, companies will be legally bound to comply with the new disclosure requirements and filing mandates.
The Companies (Amendment) Bill, 2025 was introduced in the Parliament of India on 5th December, 2025. The main amendments in the Companies (Amendment) Bill, 2025 relate to the formation of a Corporate Social Responsibility Committee, and the undertaking of the corporate social responsibility activities.
This Amendment, which shall come into force from July 14, 2025 mandates companies to furnish specific disclosures relating to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 commonly known as the POSH Act in their annual filings.
The Companies (Amendment) Act, No. 12 of 2025 represents a landmark reform in Sri Lanka's corporate governance framework. It addresses long-standing gaps by outlawing bearer shares, mandating beneficial ownership disclosure, strengthening directors' accountability, and empowering the Registrar.
The Companies (Amendment) Ordinance 2025 (“the Amendment Ordinance”), which has amended the Companies Ordinance (Cap. 622), seeks to introduce, among others, a new treasury share regime for listed companies. The Amendment Ordinance has commenced operation on 17 April 2025.
India's new Income Tax Act, 2025, effective April 1, 2026, aims to simplify tax rules and enhance compliance. Key changes include the introduction of a 'Tax Year,' more detailed ITR disclosures, and a push towards the new tax regime. Technology-driven compliances and faster processing are expected to benefit taxpayers.
The Repealing and Amending Act, 2025 steps in as a thoughtful editor of the accumulation. The Act removes 71 outdated Acts from 1886 to 2023, clearing obsolete, redundant and no longer relevant laws from the statute book.
Applicability: The Act applies to all workplaces, including government, private, and non-governmental organizations, as well as any organization, institution, undertaking, or establishment.
"Posh" doesn't officially stand for anything, though the popular (but debunked) theory is "Port Out, Starboard Home," referring to the best cabins on ships to India; in corporate India, PoSH means Prevention of Sexual Harassment; and in web development, PoSH can mean Plain Old Semantic HTML. The word's true origin is uncertain, possibly from Romani slang for money or a dandy.
The Act sets out the requirements for registering as an accountant, including obtaining a practicing certificate and an annual license. It is an offense to practice as an accountant without these credentials, with penalties that include fines and imprisonment.
Companies (Specification of Definition Details) Amendment Rules, 2025: Expansion of Threshold Limit for Small Companies. MCA redefined small companies by raising the paid-up capital limit to ₹10 crores and the turnover limit to ₹100 crores, expanding coverage and easing compliance.
The Business Laws (Amendment) Bill, 2025 (Bill) proposes sweeping amendments to multiple statutes, with the overarching objective of enhancing the ease of doing business, promoting investment and aligning Kenya's legal and regulatory framework with international standards.
Some of the major tax changes effective from April 1, 2025, are revised tax slabs, rebate of up to Rs. 60,000, revised ITRU deadlines, calculation of partner's remuneration allowable as a deduction and revised TDS/TCS threshold limits.
On 5 December 2025, the Rajya Sabha introduced the Companies (Amendment) Bill, 2025 (“Bill”), proposing significant amendments to Section 135 of the Companies Act, 2013 (“Companies Act”), which governs Corporate Social Responsibility (“CSR”) obligations of the eligible companies.
The changes, which mostly affect the income statement, include the requirement to classify income and expenses into three new categories – operating, investing and financing – and present subtotals for operating profit or loss and profit or loss before financing and income taxes.
Private Limited Companies employing 10 or more workers must adhere to the following key compliance requirements: 1. Committee: Each organization with more than 10 employees is required to form an Internal Complaints Committee headed by a “female presiding officer”, 2.
Poshmark is a popular online marketplace where individuals can buy and sell new or used cheap and expensive products, like clothing, accessories, and other everyday items. It's a platform that allows people to set up virtual "closets" where they can sell their household and fashion items directly to other users.
As per the POSH Act, only women can file a complaint of sexual harassment. It is to be noted that the POSH Act allows an aggrieved woman to file a sexual harassment complaint against another woman.
As of July 2025, there have been 106 amendments of the Constitution of India since it was first enacted in 1950. The Indian Constitution is the most amended national constitution in the world.
The Revenue Legislation Amendment Act 2025 amended the Duties Act 2001 with effect from 1 May 2025 so that, for certain dutiable transactions that involve first home owners purchasing residential land that contains a new home or vacant land on which they will build a home, full transfer duty relief will be available in ...
The United States Constitution
The first 10 amendments are known as the Bill of Rights.
For the 2025 tax year, new deductions under the "One Big Beautiful Bill" include breaks for tips, overtime pay, and car loan interest, plus an enhanced deduction for seniors (age 65+), while the State & Local Tax (SALT) cap increased to $40,000 and the standard deduction also rose. Businesses also benefit from 100% first-year bonus depreciation for qualified production property. These changes are temporary, generally applying from 2025-2028.
Reduction of the Lowest Federal Personal Income Tax Rate
The Federal Government announced a reduction in the lowest federal personal marginal tax rate from 15% to 14%, effective July 1, 2025. This change will benefit individuals in the lowest income brackets.