The adjudicating authority penalised a company for not spending mandatory CSR funds and failing to transfer unspent amounts on time. Subsequent rectification did not erase liability for the original default.
The government has issued show cause notices to large edible oil units for failing to file compulsory monthly returns under the amended VOPPA Order, 2025.
SEBI has proposed defining “significant indices” based on mutual fund AUM exceeding ₹20,000 crore. The draft also sets out how AUM will be calculated and seeks public feedback.
The ROC held that inability to produce statutory minutes amounts to a clear violation of Section 118. Historical loss of records due to flood does not absolve ongoing compliance obligations.
The ROC held that uploading incorrect data and attachments in a statutory return constitutes a completed contravention. Later correction requests cannot wipe out penalty liability.
ICSI constituted Jabalpur (WIRC) and Rewari (NIRC) as new Evolving Chapters under 2024 guidelines to expand outreach, training and engagement.
The Council approved a comprehensive action plan focused on restructuring, governance reforms, and stakeholder engagement. The key takeaway is a roadmap for institutional transformation over the next five years.
The ROC held that inability to produce the Register of Members amounts to a clear violation of Section 88, attracting a mandatory penalty despite historical circumstances.
RBI has issued comprehensive amendments reshaping priority sector lending targets, classifications, and compliance norms. The changes tighten calculations, clarify eligibility, and enhance transparency across banking institutions.
RBI has outlined how banks must implement the government’s interest subvention scheme for export credit, stressing strict adherence to eligibility and procedural norms.
