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GST Compensation Stopped After 2022 as Per Constitutional Limit

December 3, 2025 1062 Views 0 comment Print

Explains that GST compensation ended in June 2022 because the Constitution restricted it to a five-year period. The key takeaway is that no extension or further payout is legally required.

MCA Imposes ₹3 Lakh Penalty for Non-Maintenance of Registered Office

December 2, 2025 750 Views 0 comment Print

ROC Mumbai penalizes a company and its directors ₹1,00,000 each for failing to maintain a registered office under Section 12(1) of the Companies Act, 2013.

MCA Imposes Penalty for Not Using Separate Bank Account for Private Placement

December 2, 2025 1887 Views 0 comment Print

Justo Realfintech Limited and its directors fined for failing to keep application money in a separate bank account under Section 42(6) of the Companies Act.

ROC Mumbai Fines Company for Failing to Attach CSR Report with Board Report

December 2, 2025 942 Views 0 comment Print

ROC Mumbai penalizes Pan Gulf Technologies and its MD for failing to attach the annual CSR report with the Board Report for FY 2022-23 under Section 134(3)(o).

PFRDA Updates KYC/AML Guidelines for NRI & OCI NPS Accounts

December 2, 2025 867 Views 0 comment Print

NRIs and OCIs can now digitally onboard to NPS with relaxed physical presence requirements, while ensuring stringent KYC, anti-fraud, and geo-tagging measures.

PFRDA Adds Two New High-Equity Auto Choices for Central Govt NPS Subscribers

December 1, 2025 1401 Views 0 comment Print

The circular introduces Life Cycle 75 and Aggressive options, expanding NPS investment choices to six. The update allows higher equity exposure with structured age-based tapering.

DGFT Revises LOP/LOI Validity Rules to Streamline Extension Process

December 1, 2025 816 Views 0 comment Print

The amendment allows extensions of up to five years post-production and a one-year extension to the initial validity period, improving clarity for EOU and related units.

DGFT permits Ahmedabad Airport for Personal Carriage of Gems & Jewellery

December 1, 2025 549 Views 0 comment Print

The DGFT amended procedures to allow import and export of gems and jewellery parcels through Ahmedabad Airport. The update expands approved airports under Paras 4.87(a) and 4.88.

Master Circular Proposed to Streamline Rules for IFSC Broker Dealers

December 1, 2025 936 Views 0 comment Print

The draft Master Circular consolidates all SEBI and IFSCA guidelines governing Broker Dealers and Clearing Members in IFSCs. It aims to simplify compliance and create a unified regulatory framework under the new CMI Regulations, 2025.

Penalty Imposed for Delay in Issuing Bonus Shares in Demat Form

December 1, 2025 3984 Views 0 comment Print

The ROC penalised the company and officers for failing to dematerialise securities before issuing bonus shares, as required under Section 29 and Rule 9A. The ruling reinforces mandatory demat compliance for unlisted public companies.

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