The Bill replaces imprisonment and fines with fixed civil penalties for procedural defaults. This marks a major shift toward ease of compliance while maintaining accountability.
The authority imposed penalty for failure to file SH-7 after increasing authorised capital. The key takeaway is that statutory filings cannot be skipped even due to technical issues.
The amendment introduces a system where assets from foreign contributions vest in a designated authority upon cancellation or cessation of registration. This ensures better control and prevents misuse of foreign-funded assets.
The CCPA held that charging LPG or fuel surcharges separately is an unfair trade practice. Such costs must be included in menu prices, and separate recovery from consumers is not permitted.
The Court held that membership cannot be granted where the underlying flats do not exist and are merely refuge areas. It ruled that agreements for such spaces are invalid and cannot confer membership rights, restoring the earlier rejection order.
SEBI introduced a verified badge on Google Play to help investors identify genuine trading apps. The move aims to prevent fraud caused by impersonation of legitimate platforms.
SEBI has clarified that members of the Institute of Cost Accountants of India are now eligible to conduct annual compliance audits of Research Analysts. This expansion strengthens regulatory compliance while increasing the pool of qualified professionals.
SEBI expanded audit eligibility to include cost accountants for Investment Advisers. The ruling broadens the professional base and strengthens compliance oversight.
SEBI postponed implementation of intraday borrowing guidelines after concerns from AMCs. The ruling provides additional time for compliance while ensuring regulatory objectives are met.
The issue is whether renting of immovable property is taxable under GST. The key takeaway is that residential renting may be exempt, while commercial renting is generally taxable.
