The CCPA imposed penalties on coaching institutes after finding that advertisements highlighted successful candidates while hiding the actual courses undertaken by them. The Authority held that such concealment amounted to misleading advertisements and unfair trade practices under the Consumer Protection Act, 2019.
The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified which audit forms will count toward the limit and how assignments across firms, branches, and revised reports will be treated.
ROC Delhi penalised a company and its directors after it failed to appoint mandatory independent directors despite crossing the prescribed turnover threshold. The authority held that prolonged non-compliance under Section 149(4) attracted maximum penalty under Section 172 of the Companies Act.
ROC Delhi penalised a company and its directors after special resolutions relating to preferential allotment were filed years beyond the statutory deadline. The authority held that repeated delays under Section 117 attracted maximum penalties under the Companies Act, 2013.
ROC Mumbai penalised a company and its Managing Director for omitting disclosure regarding compliance with Secretarial Standards in the Board Report. The authority held that the omission violated Section 118(10) read with Section 134(5)(f) of the Companies Act, 2013.
SEBI issued clarifications after revised PAN application forms under the Income-tax Rules, 2026 created compliance challenges for Foreign Portfolio Investors. The relaxations simplify documentation and ease PAN allotment procedures for FPIs.
ROC Mumbai penalised a company and its directors after finding that board meeting minute books were not maintained in accordance with Secretarial Standards. The authority held that absence of serial numbering in minute books violated Section 118 of the Companies Act, 2013.
The Central Government amended Notification No. 14/2018-UT Tax by replacing officials listed against Serial No. 2. The notification appoints new GST officers for Chandigarh with immediate effect from publication in the Official Gazette.
DGFT amended the Handbook of Procedures by limiting gold imports under Advance Authorisation to a maximum of 100 kilograms. The changes aim to strengthen regulatory oversight and ensure better compliance monitoring.
The Department of Posts launched Personalized Cheque Books for POSA customers with pre-printed account details and IFSC information. The move aims to improve customer convenience, enhance security, and modernize postal banking services.
