The Adjudicating Officer held that omission of a mandatory valuation report in private placement filings violates Rule 12(7) and attracts penalty under Section 450 of the Companies Act. The plea of oversight was rejected, reinforcing strict compliance in statutory e-forms.
The High Court dismissed the petition challenging GST assessment orders due to unexplained delay. It held that lack of timely action bars relief under writ jurisdiction.
IRDAI Circular dated 12 February 2026 clarifies insurers’ investments in AIFs with Excusal Rights under Section 27E of the Insurance Act, 1938. The circular introduces compliance conditions, documentation requirements, auditor certifications, and revised single AIF exposure limits covering direct and indirect exposure through Fund of Funds.
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.
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.
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.
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.
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.
This article explains deposit insurance limits, broker safeguards, and legal recovery mechanisms. It highlights diversification and regulatory awareness as key investor survival strategies.
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.
