The document summarizes various corporate, taxation, and other regulatory updates from October 24-25, 2017. Specifically: 1) MCA notified that powers under Section 247 of the Companies Act regarding valuation by registered valuers will be delegated to IBBI. 2) CBDT clarified guidelines regarding "Place of Effective Management" for deciding company residency status and that regional headquarters operations will not alone constitute a case for establishing POEM. 3) CBDT invited comments on amending Income Tax Rules regarding registration of charitable/religious trusts following amendments to the Income Tax Act.