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Archive: 12 February 2026

Posts in 12 February 2026

Public Authority Not Liable to Provide Information Outside Its Domain: IBBI RTI Authority

February 12, 2026 201 Views 0 comment Print

The appellate authority held that information can be disclosed only if it is held or controlled by the public authority. As the requested 1986 committee report was not available with the Board, the RTI appeal was disposed of.

ICAI Elects New President and Vice-President for 2026–27 Term

February 12, 2026 14106 Views 0 comment Print

The 26th Council of ICAI has elected new leadership effective February 12, 2026. The announcement marks the beginning of the 2026–27 term for the statutory accounting body.

ROC Kolkata Imposes ₹2.5 Lakh Penalty for Missing Valuation Report in PAS-3 Filing

February 12, 2026 252 Views 0 comment Print

The adjudicating authority held that failure to attach the mandatory valuation report in private placement filings violates Rule 12(7) and attracts penalty under Section 450. Oversight was not accepted as a valid defence.

ROC Kolkata Imposes ₹4,91,500 Penalty for Delay in Appointing Independent Directors

February 12, 2026 372 Views 0 comment Print

The adjudicating authority held that failure to appoint the required two independent directors within the statutory timeline violates Section 149. Monetary penalties were imposed on both the company and its officers.

Suit for Mandatory Injunction Not Maintainable Where Title and Possession Are Disputed

February 12, 2026 1131 Views 0 comment Print

The Supreme Court held that where there is a serious dispute over title and possession, a suit for injunction alone is not maintainable. Plaintiffs must seek possession and appropriate declaratory relief instead of filing an injunction simpliciter.

How a Definitive Investor Can Survive a Systemic and Institutional Collapse

February 12, 2026 564 Views 0 comment Print

This article explains deposit insurance limits, broker safeguards, and legal recovery mechanisms. It highlights diversification and regulatory awareness as key investor survival strategies.

RTI Appeal Dismissed as Insolvency Claim Data Already in Public Domain

February 12, 2026 213 Views 0 comment Print

The IBBI First Appellate Authority held that information on admitted claims in a CIRP case was available online and need not be recompiled under RTI.

Draft- RBI [Rural Co-operative Banks – Kisan Credit Card (KCC) Scheme] Directions, 2026

February 12, 2026 834 Views 0 comment Print

The draft norms introduce a structured six-year Kisan Credit Card facility covering crop, allied and investment credit. Limits are linked to the Scale of Finance with annual escalation provisions.

Draft RBI (Housing Finance Companies) Amendment Directions, 2026

February 12, 2026 372 Views 0 comment Print

RBI has amended Housing Finance Company directions to align advertising and sales norms with NBFC Responsible Business Conduct rules. The move ensures uniform compliance standards from July 1, 2026.

Draft RBI (Non-Banking Financial Companies – Responsible Business Conduct) Amendment Directions, 2026

February 12, 2026 942 Views 0 comment Print

RBI’s 2026 amendment introduces strict norms on advertising, consent, bundling, and dark patterns for NBFCs. The move strengthens customer protection and responsible business conduct.

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