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.
CBIC has clarified that Entry Inward and Vessel Sail-out Clearance cannot be delayed due to pending physical boarding of customs officers. The circular aims to reduce cargo operation delays and streamline port clearances through digital processes.
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.
PFRDA relaxed earlier restrictions on annuity surrender after receiving hardship representations from subscribers. The circular now permits surrender in cases involving critical illness of the annuitant or family members subject to ASP assessment.
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.
ROC Uttar Pradesh imposed penalties under Section 134(8) after finding that the company’s directors failed to provide comments on statutory auditor qualifications. The company and officers were held liable for non-compliance with Section 134(3)(f) of the Companies Act.
ROC Uttar Pradesh penalised the company and officers for failing to provide comments on auditor qualifications in the Board’s Report for FY 2019-20. The order held the company in violation of Section 134(3)(f) of the Companies Act.
The adjudicating authority held that the company remained in continuous default for several years after becoming legally required to appoint a Company Secretary. The order emphasizes strict enforcement of corporate governance obligations relating to key managerial personnel appointments.
