The adjudicating authority held that non-disclosure of auditor-reported non-compliances violates statutory reporting duties. Monetary penalties were imposed on both the company and defaulting directors.
The government has notified detailed procedures for exporting wheat flour under HS Code 1101. Exporters must meet eligibility norms, quantity thresholds, and strict compliance conditions to secure authorisation.
Export benefits have been formally enabled for goods sent through the postal route. The circular allows electronic claims of incentives by integrating postal export systems with customs platforms.
The central bank has proposed sweeping changes to foreign exchange risk computation, standardising Net Open Position methodology and capital charges across regulated entities to match global Basel standards.
The new rules require an Internal Ombudsman to review all partially resolved or rejected complaints. Banks must issue reasoned decisions and ensure fair treatment before closure.
The new framework mandates an Internal Ombudsman to review all partially resolved or rejected complaints. Banks must issue reasoned decisions within strict timelines and guide customers to external remedies if needed.
The guidelines prescribe a structured process for sponsor selection and pension fund registration. The key takeaway is that only financially strong and compliant entities can enter the pension fund space.
The issue concerns high-pitched additions proposed under faceless scrutiny even where agricultural income is exempt and fully documented. The key takeaway is the need for evidence-based verification before adverse action.
The circular permits CRAs to share subscriber details with Pension Funds under the MSF framework. The key takeaway is that data sharing is limited, purpose-driven, and subject to strict privacy safeguards.
The High Court ruled that GST demands including periods before resolution plan approval are legally unsustainable and must be quashed.
