The regulator has linked dividend payouts to CET1 capital ratios and imposed an overall cap to protect financial stability. Banks must now align shareholder distributions with prudential capital buffers.
The ruling highlights that immunity under DTDRS is general to penalty proceedings. Consequently, revising penalties merely because a different section might apply is impermissible.
The Court ruled that issuing deficiency memos beyond 15 days is contrary to GST law. Tax authorities must adhere strictly to timelines and compensate taxpayers with statutory interest for delays.
The ICAI has simplified age calculations for CPE compliance by allowing members to move into a lower-hour bracket in the same year they reach a milestone age. This guide details the 40, 30, 20, and 10-hour slabs based on the latest 2026 professional standards.
Starting January 2026, ICAI has simplified the CPE exemption process by allowing medical self-declarations and introducing new flexibility for pregnancy-related claims. The update also mandates 10 hours of learning for members who generate a UDIN during their exempted period.
The article highlights conflicts between Sections 9 and 35 of the CGST Act when post-supply adjustments arise under reverse charge. While imports of goods are partly clarified, services remain legally uncertain.
FEMA compliance impacts cap tables, ESOPs, and foreign investments. Startups that embed compliance from Day One reduce deal delays and regulatory risks while boosting investor confidence.
The Karnataka HC ruled that taxpayers accused of GST offences with maximum punishment under five years need not face mandatory custodial interrogation, even in large fake ITC cases.
ROC Chennai held that failure to include key disclosures in the Board’s Report violates Section 134. Directors were penalised for statutory non-compliance.
ROC Chennai held that omission of allottee occupation in the return of allotment violates Rule 12(2). The lapse attracted penalty under the residual provision of Section 450.
