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RBI Draft Guidelines on Prudential Framework for Income Recognition, Asset Classification

May 3, 2024 2790 Views 0 comment Print

RBI releases draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances – Projects Under Implementation’

IBBI Suspends IP for Negligence in Asset Custody, Legal Pursuits & CD Interests Protection

May 2, 2024 996 Views 0 comment Print

IBBI suspends IP for failure to take custody of assets, negligence in pursuing legal actions, and delays in protecting the interests of the Corporate Debtor (CD).

IFSCA Circular: Facilitating NRI & OCI Investments in Indian Securities

May 2, 2024 1965 Views 0 comment Print

Explore IFSCA’s circular facilitating increased investments by NRIs and OCIs in Indian securities through IFSC based FPIs. Get insights into the alternative routes and compliance requirements.

IFSCA Circular: Non-Bank Entities Authorized for Derivative Issuance

May 2, 2024 1002 Views 0 comment Print

Explore IFSCA’s latest circular permitting registered non-bank entities to issue derivative instruments with Indian securities as underlying assets in GIFT-IFSC. Understand issuer responsibilities and compliance requirements.

IFSCA Circular: Qualified Suppliers for Bullion Exchange

May 1, 2024 900 Views 0 comment Print

Discover IFSCA’s latest circular enabling IFSC entities to become Qualified Suppliers for bullion supply on the India International Bullion Exchange (IIBX).

Failure to Maintain Register of Directors & KMPs: MCA Imposes ₹7 Lakh Penalty

April 30, 2024 3666 Views 0 comment Print

Read about MCA’s penalty of Rs. 7 lakh on Best & Crompton Engineering Projects for not keeping Register of Directors & KMPs as per Companies Act, 2013.

Workplace Sexual Harassment Disclosure Omission: MCA Imposes ₹4 Lakh Penalty

April 30, 2024 4581 Views 0 comment Print

The ROC Chennai imposes a penalty on Janaki Ram Steel & Power Ltd. for non-compliance with Section 134 of the Companies Act, 2013. Read the detailed adjudication order.

ICSI One-Time Special Scheme for Restoration of Membership

April 30, 2024 2400 Views 0 comment Print

Take advantage of a one-time scheme by The Institute of Company Secretaries of India. Restore your membership with exemption in entrance and restoration fees, valid until May 31, 2024.

MCA Levies Rs. 6 Lakh Penalty for Form MGT-6 Filing Delay under Section 89(6)

April 30, 2024 3519 Views 0 comment Print

Explore implications of MCA’s Rs. 6 Lakh penalty under Section 89(6) for delay in filing Form MGT-6. Detailed analysis & order overview provided.

Company Fined ₹6 Lakh for Not Registering Charges: MCA Order

April 30, 2024 1608 Views 0 comment Print

MCA imposes ₹6 Lakh penalty on Janaki Ram Steel and Power Pvt Ltd for failing to register charges in CHG-1 form with Registrar. Learn more about the case and implications.

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