RBI mandates direct submission of LRS daily returns by AD Category-II banks and FFMCs from January 1, 2026, enabling real-time tracking of cumulative PAN-wise remittances.
ITAT holds that ignoring a valid online reply and supporting records vitiates reassessment; AO must first verify whether deposits were already in books before taxing. Key takeaway: non-consideration of evidence makes additions unsustainable.
The ROC held that misstating the number of board meetings violates Section 134(3)(b), leading to penalties on the company and directors even when the error is clerical.
SEBI expands Regulation 30A by introducing new conditions under which intermediaries may be disqualified, including failure to meet net worth, revenue, and business transfer requirements.
New SEBI amendment mandates valuation of employee share benefit schemes only by independent registered valuers, phasing out merchant banker valuations except for ongoing assignments.
SEBI’s 2025 amendment mandates that only independent registered valuers can conduct valuations in takeover and open-offer processes. The change aims to eliminate conflicts of interest and ensure transparent, credible pricing in acquisition transactions.
SEBI mandates minimum net worth, liquid net worth, and revenue generation for merchant bankers, enhancing financial stability and compliance in capital markets.
SEBI introduces uniform changes across multiple regulations by substituting registered post with speed post, ensuring standardized and faster communication procedures.
Tribunal holds that the CBDT circular exempting commercial transactions was wrongly ignored; AO must re-verify if the shareholder loan was a genuine business accommodation before taxing under Section 2(22)(e).
Naturedge Beverages issued a private placement offer before filing the Board resolution, resulting in penalties totaling ₹4,00,000 for the company and directors.
