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IFSCA Expands BAL Reporting to Include Vostro Accounts

November 11, 2025 630 Views 0 comment Print

IFSCA mandates IFSC Banking Units to report balances in foreign currency Vostro accounts of overseas banks in the fortnightly BAL statement to enhance external account data accuracy.

ROC Fines Company for failing to maintain consecutively numbered Minutes

November 10, 2025 693 Views 0 comment Print

The ROC Kanpur imposed penalties for not maintaining consecutively numbered minutes, holding it as a breach of Section 118(11) and Secretarial Standards.

No Penalty for Lack of Operative Income: ROC Mumbai

November 10, 2025 294 Views 0 comment Print

The Registrar ruled that income classified as “Other Income” under accounting standards does not amount to deviation from main business objects under the Companies Act.

PFRDA Revises Corporate NPS Fund Choice Rules

November 7, 2025 795 Views 0 comment Print

PFRDA updates Corporate NPS rules, requiring mutual agreement between employers and employees for pension fund selection and investment choices.

Advance Tax under Income Tax Act, 1961

November 5, 2025 70353 Views 0 comment Print

Understand key provisions of advance tax under the Income Tax Act — who is liable, due dates, revision of estimates, payment procedure, capital gains treatment, TDS credit, Form 28A requirements, and computation rules.

Consultation Paper on proposed IFSCA (Pension Fund) Regulations, 2025

November 4, 2025 834 Views 0 comment Print

IFSCA releases proposed Pension Fund Regulations 2025 for GIFT-IFSC, aiming to create a global forex pension hub for NRIs and PIOs. Regulations offer flexible contributions and health insurance integration.

FSSAI Notifies New Food Safety Officers

November 4, 2025 2352 Views 0 comment Print

FSSAI appoints 180 new Food Safety Officers for fortified rice under its November 2025 notification, amending the earlier July 2025 list.

ROC Penalizes Nicco Securities for Missing CIN on Letterhead

November 4, 2025 537 Views 0 comment Print

ROC Mumbai imposed a ₹3,000 penalty on Nicco Securities and Directors for violating Section 12(3)(c) by failing to include the CIN on official letterheads and notices.

Startup Penalized for Share Allotment Without Registered Valuer Report

November 4, 2025 819 Views 0 comment Print

ROC Chennai imposed a ₹1.5 lakh penalty on Bon Fresh Foods and Directors for violating Section 62(1)(c) by failing to secure a Registered Valuer’s report for CCPS allotment.

CBIC Amends ECTS Rules for Nepal Cargo Transhipment

November 4, 2025 1605 Views 0 comment Print

CBIC Notification 73/2025 amends ECTS Regulations, formalizing specific rail and multi-modal routes from Kolkata, Haldia, and Vizag ports for Nepal-bound cargo.

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