CAS-25 standardizes principles for inventory valuation, including cost components and NRV rules. It applies from 12 February 2026 for cost statement preparation and certification.
The RBI has issued draft Directions requiring AD Category-I banks to report offshore INR foreign exchange derivative contracts undertaken by related parties. The move aims to plug transparency gaps in the OTC derivative market and improve pricing efficiency.
Jharkhand Gramin Bank has announced empanelment of retired Scale II–V officers for contractual concurrent audit roles. The engagement is for three years with defined eligibility conditions, remuneration options, and region-wise postings across Jharkhand.
The Aadhaar App has seen nearly 14 million downloads, with 1 million users updating their mobile numbers digitally. The app highlights growing trust in secure, privacy-first identity services.
The amendment requires online sellers of imported products to provide searchable country-of-origin filters. The rule aims to enhance consumer transparency in digital marketplaces.
The ROC Chhattisgarh held that repeated return of official letters marked Not Known proved non-compliance with Section 12(1) of the Companies Act. The company and its directors were penalised under Section 12(8) for failing to maintain a functional registered office.
The ROC Bangalore held that obtaining and retaining a second DIN in violation of Section 155 of the Companies Act attracts penalty under Section 159. Despite the error being inadvertent and later rectified, the prolonged default of 3075 days resulted in a reduced but substantial penalty.
The ROC Bangalore imposed penalty for holding two Director Identification Numbers in violation of Section 155 of the Companies Act, 2013. Even though the second DIN was obtained inadvertently and later surrendered, the continuing default for 1227 days attracted adjudication and monetary penalty.
The Enforcement Directorate levied penalties after finding misrepresentation in FDI receipts and improper reporting of foreign inward remittances. The adjudicating authority held that the contraventions were substantial and systemic under FEMA, 1999.
Budget 2026 introduces the new Income Tax Act, 2025 effective 1 April 2026. The existing law will continue for FY 2025-26, with major structural and compliance reforms ahead.
