Notification No. 124/2024 revises Income Tax Rules, introducing safe harbour provisions for foreign companies selling raw diamonds, effective April 1, 2024.
Registrar of Companies, Kerala imposes penalties on Lakshyam Nidhi Limited for violations of Section 12(1) & 12(4) of Companies Act, 2013.
FSSAI adds packaged drinking and mineral water to high-risk food categories post BIS certification changes. Annual audits and inspections mandated.
Foreign representations like UN agencies, consulates, and diplomatic missions are exempt from Section 194N of Income Tax Act under Notification No. 123/2024.
SEBI amends the Depositories and Participants Regulations, introducing nomination options for beneficial owners in case of death or incapacitation.
SEBI’s circular outlines business continuity plans for stock exchanges, ensuring uninterrupted trading and risk management in case of outages.
Over 1.39 lakh companies struck off for failing to file returns and audited statements in India, with 322 prosecutions initiated in the last five years.
Government details actions taken against shell companies, identifying 233,566 entities struck off across India in the last five years for non-compliance and fraudulent activities.
Update on C-PACE for fast-tracking corporate exit and measures taken to improve ease of compliance and ease of doing business in India.
Regional Director, Eastern Region, modifies penalty for secretarial audit violations under Section 204, reducing it to ₹32 lakh from ₹48 lakh.
