IBBI has notified amendments across several insolvency regulations to operationalize the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The changes introduce new disclosure, authentication, grievance-handling, and procedural requirements.
IFSCA has warned regulated entities that advanced AI models can accelerate cyberattacks by rapidly identifying and exploiting vulnerabilities. The advisory urges stronger cyber resilience measures and risk reassessments.
DGFT has authorized the Porbandar District Chamber of Commerce & Industries to issue Non-Preferential Certificates of Origin. The move expands the list of recognized agencies under Appendix 2E of FTP 2023.
ICAI’s Board of Studies has invited Expressions of Interest from qualified professionals and academicians for empanelment as faculty for CA Live Virtual Classes. Eligible candidates must meet prescribed qualification and experience requirements.
ROC Pune held that possession of more than one Director Identification Number constitutes a violation of Section 155 of the Companies Act. Despite the absence of mala fide intent, penalty under Section 159 was imposed for the default.
A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments with identical thresholds and tax treatment. The proposal seeks to reduce compliance complexity and reporting errors.
ROC held that circulating the private placement offer letter before filing Form MGT-14 violated Section 42(3) and Rule 14(8). The case underscores the importance of completing prerequisite filings before initiating private placement offers.
The IBBI has amended liquidation regulations to place the Committee of Creditors at the center of the process. The changes aim to improve accountability, decision-making, and value realization during liquidation.
IBBI has amended the CIRP Regulations to enhance disclosures, strengthen information access, and introduce time-bound claim communication. The changes aim to make insolvency resolution more transparent and dispute-resilient.
The ROC Haryana held that failure to file MGT-14 within 30 days of passing a special resolution for issuance of CCDs constitutes a violation under Section 117(2). Companies must adhere to statutory timelines even when the default is subsequently rectified.
