Office Memorandum details updated GoM composition for Restructuring Compensation Cess, led by Union Minister of State for Finance.
Regional Director confirms Rs. 1.5 Lakh penalty on CA Vijay Bora for three violations of Companies Act Section 143, upheld in appeal against ROC West Bengal order.
Central Government notifies Greater Noida Industrial Development Authority under Income Tax Act, 1961, Section 10(46A), effective AY 2024-25.
IBBI has suspended an Insolvency Professional’s authorization until August 2025 for failing to verify proper demand notice service in a personal guarantor insolvency case, after an NCLT finding.
RBI circular dated June 9, 2025, broadens Large Exposures Framework exemption to include bank contributions to NHB, SIDBI, and MUDRA for PSL shortfalls.
IFSCA issues new policies for Payment Service Providers in IFSC, requiring prior approval for international payment systems and authorization for systems affecting domestic transactions.
India’s Ministry of Finance imposes anti-dumping duty on Insoluble Sulphur imports from China PR and Japan to address dumping and protect domestic industry.
Department of Posts has issued a one-time relaxation, allowing manual processing for compassionate engagement cases of married daughters of deceased GDS, registered before June 27, 2024.
Regional Director clarified that Section 446B, which offers relief to One Person Companies or Small Companies, is applicable to the company itself and not to its auditor. Therefore, the auditor could not use this defense to reduce the penalty.
Regional Director upholds ₹5,000 penalty on C.A. Manish Maheshwari for Section 143 Companies Act violation regarding audit report non-compliance.
