The article discusses the rise of zero-balance accounts that remove penalties linked to minimum balance requirements. It highlights how digital onboarding simplifies account opening through mobile-based processes.
PFRDA introduced multiple NAVs to reflect different fee structures for government and non-government subscribers. The change ensures accurate charge allocation but temporarily restricts certain transactions during transition.
The notification grants tax exemption to a statutory authority as it does not engage in commercial activities. It highlights that compliance with conditions is essential to retain exemption.
The authority received exemption as it qualifies as a statutory body under the law. The ruling highlights that statutory status is key for tax benefits.
CBIC introduced a payment aggregator to streamline customs duty payments. The circular allows multiple digital payment options and faster processing through the ECL system.
The issue involved persistent technical glitches affecting statutory deadlines. Officers highlighted delays caused by system inefficiencies, urging urgent intervention to prevent time-barred cases.
The issue revolved around concerns of exemption removal under the new tax regime. The Government clarified that the exemption continues unchanged, ensuring no adverse impact on eligible defence personnel.
The issue involved regulatory ambiguity around the absence of a defined micro-cap category. SEBI suspended fresh investments while allowing redemptions and later clarified norms to prevent such gaps.
The issue involved widespread misuse of social media by unregistered financial influencers. SEBI acted by escalating content for removal and strengthening disclosure norms to protect investors.
The authority penalized incorrect classification of shareholders in Form MGT-7A. It held that errors in statutory filings attract liability even if later corrected.
