The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory definition of general insurance business. The decision clarifies the legal position for re-insurance entities operating in IFSC jurisdictions.
ROC imposed penalties after a company incorrectly mentioned the financial year period while filing Form AOC-4 on the MCA portal. The ruling highlights the importance of accuracy in statutory electronic filings.
ROC Haryana penalized a company and its officers for filing e-Form MR-2 beyond the prescribed 90-day period after appointing a Managing Director. The order highlights strict compliance requirements under Section 196 and Rule 7(3) of the Companies Act framework.
Delhi HC held that a taxpayer can legally carry on business through a mobile phone in addition to the registered principal place of business.
FSSAI has issued draft regulations introducing quality and safety standards for chilli seed, tomato seed, okra seed, and muskmelon seed oils. The proposal aims to regulate production, contaminants, additives, and labelling for safer consumer use.
The Ministry of Finance clarified that claims regarding monetisation of temple gold holdings or issuance of gold bonds to temples are entirely false. The Government confirmed that no such proposal has been approved or considered.
The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management and integrated project operations. The ruling clarifies when multiple corporate entities can face consolidated CIRP under the IBC.
Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation of the Income Tax Act, 2025. It emphasized that officers will remain heavily engaged in training, awareness, and transition-related activities throughout the financial year.
The Finance Ministry has permitted seven reporting entities to conduct Aadhaar authentication under Section 11A of the PMLA. The notification highlights compliance with privacy and security standards under the Aadhaar Act after consultation with UIDAI and RBI.
The case involved a broker implementing substantial shareholding changes without obtaining IRDAI’s prior approval as required by regulations. IRDAI held that the violation was established but issued a warning considering corrective measures and future compliance commitments.
