The MCA has revised the list of Regional Directors authorized for LLP matters under Section 458 of the Companies Act. The amendment expands regional coverage from 16 February 2026.
Public Notice 47/2025-26 revises Para 4.73(19) of HBP 2023 by updating the laboratory’s suffix from DMCC to FZCO. The amendment takes immediate effect under FTP 2023 powers.
The Central Government has superseded the 2022 notification and reassigned state- and district-wise jurisdiction to specific Registrars. Appeals will lie before the concerned Regional Directors under the updated structure.
The Registrar of Companies penalised the company and its directors for non-compliance with Section 12 after official communication was returned undelivered. The violation was treated as a one-time offence under Section 12(8).
Net direct tax collections grew 9.40% as of 10 February 2026 compared to last year. Lower refunds and steady corporate and non-corporate tax inflows supported the rise.
The updated Master Direction aligns downstream investments with direct FDI norms. Share swaps, deferred consideration, and rights issues now have clearer regulatory guidance.
The Tribunal held that reassessment initiated after three years required approval from the higher authority specified under the amended section 151. Since sanction was obtained from an incorrect authority, the entire proceeding was invalidated.
Applying Supreme Court precedent, the Tribunal held that no notice could be issued once the six-year period under the old regime had expired. The reassessment order was therefore annulled.
MSP has ensured farmer income stability and food security but faces criticism for regional bias and ecological harm. The article examines its legal framework, economic impact, and reform options.
The legal status depends on the time period involved. Past liabilities survive cancellation, while post-cancellation transactions are treated as those of an unregistered person.
