The authority penalized a company for filing unsigned financial statements, holding it in violation of statutory requirements. The ruling emphasizes strict adherence to director authentication obligations under company law.
Failure to sign financial statements led to penalties under Section 134(8). The order highlights strict compliance requirements and limited relief for small companies.
Allegations of an implied anti-competitive agreement between a regulator and a software provider were rejected. The Commission found no material indicating collusion or exclusion of competitors.
Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights strict enforcement against large-scale GST refund fraud using shell entities.
The government has amended customs infrastructure rules by deleting a specific entry for Tamil Nadu. The update signals continued rationalisation of notified customs locations.
The notification includes 167 new tariff lines under Chapter 72 for interest subvention benefits, but restricts eligibility exclusively to Micro and Small Enterprises.
The issue concerns enhanced cyber security norms for critical financial institutions. The takeaway is mandatory compliance with a detailed framework to strengthen resilience and protect market integrity.
The issue highlights a new agreement between financial regulators of both countries. The key takeaway is that the MoU promotes collaboration, transparency, and stronger financial ecosystems.
CBIC updated the list of food import entry points and authorised officers. The instruction adds five new locations and directs implementation of revised FSSAI-linked procedures.
Explains the legal framework of dormant companies under Section 455, including eligibility, process, and reduced compliance benefits. Highlights how businesses can retain corporate identity without full operational obligations.
