Supreme Court held that diversion of funds raised through preferential allotment for purposes other than those stated in offer document/prospectus/notice establishes as fraud and the same cannot be cured by consequent shareholder ratification.
The authority penalized the company and directors for non-functional registered office. The case highlights strict compliance requirements under Section 12.
ITAT held that delay in filing Form 10B is only a procedural lapse and not fatal to exemption. It ruled that exemption under Section 11 cannot be denied where audit report is eventually filed.
The ROC penalized the company and its officer for filing incorrect AGM details in a statutory return. It held that accuracy of e-forms is mandatory and errors attract penalty despite later correction.
The ROC penalized the company and its directors for not filing financial statements within the prescribed timeline. It held that non-compliance with mandatory filing obligations attracts strict penalties.
A company was penalized for filing incorrect details in MGT-7 despite claiming a clerical mistake. The ruling clarifies that errors in statutory filings attract penalties even if later corrected.
The Court addressed restrictions on private religious gatherings and ruled that the State must ensure protection where threats exist. It held that limiting worshippers without valid grounds violates constitutional rights under Article 25.
The government has retained existing tariff values for key imports like gold, silver, and edible oils. The update ensures valuation continuity without impacting import costs.
The government introduced a time-bound export support scheme to counter rising freight and insurance costs due to geopolitical tensions. It provides enhanced risk coverage and reimbursements to ensure export continuity.
The circular directs eligible financial institutions to provide interest support for export factoring to MSMEs. The key takeaway is improved access to export finance through regulated entities.
