Inspections revealed absence of Principal and Compliance Officers and inadequate infrastructure. IFSCA initiated regulatory action to enforce strict compliance.
The government has approved a university under Section 35(1)(ii), enabling donors to claim tax deductions for research contributions. Compliance with reporting and certification requirements is mandatory.
The government has updated tariff tables under customs law but retained existing values for palm oil, gold, silver, and areca nuts. The move ensures continuity without impacting import valuation.
Resolved firms demonstrated improved operations and investment activity. The findings confirm successful business revival.
The authority penalized the company and directors for non-functional registered office. The case highlights strict compliance requirements under Section 12.
The authority introduced a digital system to track and manage food recalls. It enables regulators, businesses, and consumers to access real-time recall information.
The board directed offices to function on Mahavir Jayanti. The move ensures completion of financial year-end work without disruption.
IRDAI launched five working groups to resolve operational inefficiencies between insurers and hospitals. The move aims to boost transparency, coordination, and patient-centric reforms across the ecosystem.
NFRAs inspection found gaps in audit documentation, revenue testing, and risk assessment practices, stressing the need for stronger monitoring and audit quality controls.
The Bengaluru CGST zone cautioned taxpayers about individuals posing as GST officers. Taxpayers were advised to verify officer identity, authorization, and DIN before allowing inspections.
