The adjudicating authority held that non-affixation of the company’s name at its registered office violates Section 12, warranting penalties on the company and directors.
The adjudicating authority imposed the statutory maximum penalty after holding that non-filing of INC-22 for years violated Section 12 of the Companies Act.
The authority held that not maintaining a functional registered office violates Section 12, justifying the statutory maximum penalty on the company and directors.
The amendment allows authorised government officers to execute indemnity bonds, simplifying name-removal procedures for government companies and their subsidiaries.
The regulator has introduced a compulsory certification requirement for Compliance Officers of AIF Managers. From January 1, 2027, only NISM Series-III-C certified individuals can hold or continue in this role, strengthening compliance oversight.
MCA amended its notification to postpone implementation of the reorganised Registrar of Companies framework for LLPs.
MCA amended its earlier notification to postpone the effective date of the restructured Regional Director jurisdictions under the Companies Act.
The government imposed definitive safeguard duty on specified steel imports after finding serious injury to domestic producers. The duty applies in phased rates over three years starting April 2025.
The notification clarifies that anti-dumping duty on hot rolled steel imports will be reduced by any safeguard duty imposed. This ensures importers are not subjected to overlapping trade remedial duties.
The notification substitutes tariff value tables for key commodities under the Customs Act. Importantly, all notified values remain unchanged, maintaining valuation stability.
