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Income-Tax Exemption Granted to Odisha Real Estate Regulator

November 26, 2025 441 Views 0 comment Print

The government notifies tax exemption for the state real estate regulator under Section 10(46A). The authority will continue to enjoy benefits as long as statutory conditions are fulfilled.

SEBI Clarifies Non-Regulated Activities for Debenture Trustees

November 25, 2025 954 Views 0 comment Print

SEBI mandates debenture trustees to segregate non-SEBI activities via separate business units, ensuring transparency, disclosures, and compliance with other financial regulators.

SEBI Mandates Timely Submission of Reports to Debenture Trustees

November 25, 2025 1377 Views 0 comment Print

Issuers must submit security and financial certificates to debenture trustees quarterly, half-yearly, or annually, ensuring continuous monitoring and investor protection.

Amendments to Directions – Compounding of Contraventions under FEMA, 1999

November 24, 2025 960 Views 0 comment Print

RBI revises account details for receiving compounding application fees and sums under FEMA, simplifying payment through NEFT and RTGS.

ROC Imposes Penalty for exceeding permissible gap between board meetings

November 22, 2025 918 Views 0 comment Print

ROC Kolkata penalized company directors for exceeding the permissible gap between board meetings under Section 173(1) of the Companies Act, emphasizing strict adherence to statutory timelines.

SFIO institutes safeguards to prevent misuse of summons and notices

November 22, 2025 669 Views 0 comment Print

SFIO mandates digitally generated summons with QR codes and DINs, enabling online verification to prevent impersonation and misuse.

Penalty Imposed for Omission of CIN and Address in in MGT-9 and AOC-4

November 22, 2025 879 Views 0 comment Print

The ROC levied penalties after finding that mandatory company details were omitted from MGT-9 and financial statements. The order highlights that even inadvertent filing gaps attract liability under Section 12(8).

ROC imposed Penalty for Delayed Filing of Financial Statements Despite AGM Extension

November 22, 2025 1032 Views 0 comment Print

ROC imposed significant penalties for failure to file FY 2019–20 financial statements despite extended deadlines. The case highlights strict consequences for prolonged non-compliance under Section 137.

No Penalty Imposed for Financial Statement Filing Default After Decriminalization

November 22, 2025 432 Views 0 comment Print

The ROC held that failure to attach FY 2017–18 financial statements could not be penalized due to post-default decriminalization. The case clarifies the impact of statutory amendments on past non-compliances.

Penalty Imposed for Delayed Board Meeting Beyond 120-Day Limit

November 22, 2025 516 Views 0 comment Print

ROC penalized the company and directors for conducting a board meeting 79 days late, reinforcing strict compliance with Section 173(1) timelines.

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