With repeated technical failures hampering compliance, officers requested formal absolution from blame. The letter emphasizes collective institutional responsibility over individual accountability.
The order appoints a new chairman and members drawn from senior insurance and regulatory backgrounds. The key takeaway is continuity and strengthened advisory oversight.
A consultation proposes mapping legacy authorized services to GST SAC codes to fix invoice mismatches and ambiguity. The key takeaway is clearer eligibility for IGST exemption and smoother compliance for SEZ and IFSC units.
The Registrar penalised a company for missing mandatory disclosures in share allotment filings. The order clarifies that even inadvertent procedural lapses attract penalties, though relief may apply to eligible start-ups.
This explains how courts can order the release of money seized or frozen during cyber-fraud investigations. The key takeaway is that victims may obtain interim relief, but only subject to legal safeguards, sureties, and judicial discretion.
The regulator has opened a three-month window allowing funds to extend expired or expiring PPMs. Eligible schemes can secure a six-month extension by meeting conditions and paying 50% of the filing fee.
Explains how routine corporate operations and mismanagement can cross into criminal fraud, highlighting the role of intent in triggering serious legal consequences.
Accepting Bitcoin can streamline payments, but Indian law imposes a flat 30% tax on VDA income and 1% TDS on transfers. Businesses must adopt strict valuation, accounting, and reporting systems to remain compliant.
Incomplete disclosures in MGT-14 during share allotment led to adjudication under the Companies Act. Reduced penalties were imposed after applying start-up and small company relief.
Failure to include mandatory disclosures in MGT-14 during share allotment led to adjudication. Start-up and small company relief under Section 446B resulted in reduced penalties.
