The Court held that a later sworn admission by the employer conclusively proved employment and work-related death. The High Court erred by ignoring this and upsetting a valid factual finding.
NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance duties, requiring structured two-way engagement.
The judgment clarifies that courts must first be satisfied about sufficient cause for delay before entertaining a belated cheque bounce complaint. Any reverse procedure violates Section 142 of the NI Act.
The government notifies a statutory industrial authority under section 10(46A) of the Income-tax Act. The ruling confirms eligibility while making compliance with the parent State Act a continuing condition.
The CBDT notified a statutory development authority for income-tax exemption under Section 10(46A), effective from AY 2025–26, subject to continued statutory functions.
The regulator notified comprehensive 2025 guidelines to govern NPS Vatsalya, detailing eligibility, contributions, investments, and withdrawals for minors. The move clarifies operations and ensures a structured transition to regular NPS on attaining adulthood.
The draft Directions introduce stricter eligibility and capital-linked limits on dividend payouts by Local Area Banks. The key takeaway is that dividends are now closely tied to prudential strength and asset quality.
Description: Detailed rules explain eligibility, timelines, and limits for the New Enrolment Incentive. Pension funds must meet the 80% new-subscriber threshold to qualify.
The appellate authority held that assigning zero or indeterminate values to major assets without adequate justification showed lack of due diligence. The matter was remanded for reconsideration with restrictions on future assignments.
The 2026 framework links dividend payouts to capital strength, asset quality, and adjusted profits. It ensures dividends do not weaken financial stability or regulatory compliance.
