ROC Pune penalized a company and its directors for delayed filing of Form PAS-3 under Section 42(8) of the Companies Act, 2013. The authority held that delayed filing of return of allotment attracts a separate penalty under Section 42(9).
ROC Pune penalized a company and its directors for delayed filing of Form MGT-14 under Section 117 of the Companies Act, 2013. The authority granted reduced penalties after recognizing the company as a start-up eligible for Section 446B benefits.
ROC Pune held that procedural lapses in a private placement issue related to one integrated transaction and did not warrant multiple penalties. The authority accepted the company’s contention that Section 42(10) does not contemplate separate penalties for each procedural deviation.
ROC Pune penalized a company and its directors for failure to file commencement of business declaration within the prescribed period under Section 10A. The delay occurred after the foreign subscriber could not remit share capital due to SWIFT KYC issues.
DGFT amended Para 2.91 of the Handbook of Procedures, 2023 to allow exporters to obtain Certificates of Origin under India-UK CETA through self-declaration. The amendment also retains the existing authorised agency certification mechanism.
ICAI has warned members and students against fraudulent calls, emails, and WhatsApp messages seeking confidential information and payments. The advisory clarifies that ICAI never asks for OTPs or banking details through unofficial channels.
SEBI has proposed major amendments to the Buy-Back Regulations, including removal of mandatory merchant banker appointments and simplified operational requirements. The consultation paper aims to reduce compliance costs while ensuring investor protection and transparency.
The article explains how RBI’s revised Loan-to-Value framework in 2026 makes EMI calculators crucial for determining accurate gold loan eligibility and repayment planning. It highlights the role of calculators in managing borrowing risks and improving financial decisions.
RBI issued draft directions governing acquisition and treatment of specified non-financial assets acquired during recovery of non-performing loans. The framework introduces valuation, disclosure, and disposal requirements for regulated entities.
RBI notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 introducing revised eligibility, compliance, and operational conditions for authorised persons. The regulations also restructure forex operations through new categorisation and oversight mechanisms.
