IFSCA clarified that the supersession of earlier fee circulars will apply from the date of commencement rather than the date of issuance, ensuring clarity in regulatory implementation.
SEBI clarified conditions under which mutual funds can use intraday borrowings to address redemption payout timing mismatches. The borrowing amount must be linked to guaranteed receivables due the same day.
ROC Mumbai penalised the authorized signatory after financial statements were mistakenly filed in Form AOC-4 instead of AOC-4 XBRL. The order reiterates that correct statutory forms must be used for compliance filings.
ROC Mumbai imposed a penalty after a company incorrectly declared that CSR provisions were not applicable while filing AOC-4 XBRL. The order holds the authorized signatory responsible for accuracy of e-forms.
The government amended Notification 45/2025-Customs to include SBER Bank in List 14. Imports linked to this entry are allowed only for domestic consumption between 25 June 2025 and 31 March 2026.
RBI instructed financial institutions to ensure no accounts exist in the names of individuals or entities listed under the updated UN Taliban sanctions list as part of anti-terror compliance.
IFSCA released draft guidelines seeking public comments to recognise credit risk mitigation techniques and allow capital relief for factoring transactions in IFSC.
ROC held that although financial statements were filed with a 229-day delay, no penalty was imposed as the company rectified the default before the adjudication notice.
ROC Chennai held that despite a 199-day delay in filing Form MGT-7A, no penalty would be imposed as the company rectified the default before the adjudication notice was issued.
ROC Chennai ruled that despite a 565-day delay in filing Form MGT-7A, no penalty would be imposed since the company rectified the default before the adjudication notice.
