The MCA has amended its 2014 notification by substituting the Noida Regional Director office with Northern Region Directorate I at New Delhi. The change takes effect from 16 February 2026.
The Ministry of Corporate Affairs has designated Registrars of Companies as Adjudicating Officers with revised territorial jurisdictions across India. The notification replaces earlier orders and becomes effective from 16 February 2026.
The Central Government has superseded the 2022 notification and reassigned state- and district-wise jurisdiction to specific Registrars. Appeals will lie before the concerned Regional Directors under the updated structure.
The authority held that failure to attach a valuation report with Form PAS-3 violates Rule 12(7) of the PAS Rules. In the absence of a specific penalty, the residuary provision under Section 450 was applied, resulting in maximum penalties.
Failure to attach a valuation report with Form PAS-3 was held to breach Rule 12(7). Since continuing penalties were already imposed earlier, only the minimum penalty was levied in this instance.
The order holds that delayed dematerialisation of securities violates Section 29(1A) and Rule 9A. The company and directors were penalised under the residuary provision for prolonged non-compliance.
The order holds that an additional director cannot continue beyond the statutory cut-off date without shareholder approval. Allowing delayed regularisation attracted penalties under Section 172.
The draft rules cut down the number of rules and forms significantly through consolidation. This signals a move toward simpler compliance and clearer tax administration.
The framework announces reciprocal tariff moves and sectoral openings on both sides. The key takeaway is a clear pathway toward a broader BTA with concrete, near-term gains.
DGFT has rolled out real-time NPCI validation for bank accounts in IEC issuance and modification. Applications will now depend on NPCI validation status to proceed, auto-approve, or face rejection.
