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Incorrect AOC-4 XBRL Filing Attracts Penalty Despite Later Rectification

May 14, 2026 147 Views 0 comment Print

The Registrar emphasized that statutory e-forms are public records relied upon by regulators and stakeholders. Filing defective or inaccurate forms can therefore attract penalties under Rule 8(3) read with Section 450.

Wrong Subsidiary Status in AOC-4 Filing Attracts Penalty Under Companies Act

May 14, 2026 174 Views 0 comment Print

ROC Kolkata penalized a company for incorrectly declaring itself as non-subsidiary in AOC-4 due to human error. The ruling stresses that inaccurate MCA filings can trigger penalties even when mistakes are later corrected.

Incorrect Shareholder Details in MGT-7A Filing Attract ROC Penalty

May 14, 2026 204 Views 0 comment Print

ROC Kolkata penalized a company for filing an annual return containing wrong shareholder information due to clerical error. The ruling highlights that inaccurate MCA filings can trigger penalties even when later corrected.

ROC Imposes Penalty for Failure to Maintain Minimum Independent Directors

May 13, 2026 252 Views 0 comment Print

ROC Mumbai penalized a company and its officers for failing to fill vacancies of independent directors within the statutory timeline. The order reinforces strict compliance requirements under Section 149(4) of the Companies Act.

Government Revises Preferential Customs Rates Under India-UAE CEPA

May 12, 2026 1146 Views 0 comment Print

Notification 18/2026 amends concessional customs rates under India-UAE CEPA effective 13 May 2026. Importers claiming India-UAE CEPA benefits to face revised tariff concession structure under latest amendment.

Concessional Customs Duty on Gold, Silver & Platinum Imports raised to 10%

May 12, 2026 5943 Views 0 comment Print

Ministry of Finance hikes concessional import duty on gold, silver and platinum from 4.35% to 10% under Notification 57/2000-Customs effective 13 May 2026.

Government Revises SWS and AIDC Rates on Gold & Silver

May 12, 2026 4683 Views 0 comment Print

Customs Notification 16/2026 Changes AIDC Structure for Gold, Silver and Platinum Imports – New customs notification modifies AIDC rates for bullion, jewellery components and recycled precious metal imports.

Customs Duty on Gold and Silver Increased to 10%

May 12, 2026 5652 Views 0 comment Print

The Government has raised customs duty from 5% to 10% on several precious metals and related tariff items through Notification No. 15/2026-Customs. The amendment also introduces a special provision for spent catalyst and ash containing precious metals.

IFSCA Encourages IFSC Entities to Publish Consumer Charters for Retail Protection

May 8, 2026 390 Views 0 comment Print

IFSCA has advised regulated entities in the IFSC dealing with retail consumers to publish Consumer Charters on their websites. The move aims to strengthen transparency, accountability, and consumer protection in financial services.

SEBI Defines ‘Significant Indices’ Based on ₹20,000 Crore Mutual Fund AUM Threshold

May 5, 2026 381 Views 0 comment Print

SEBI released an official list of Significant Indices that includes major benchmarks such as Nifty 50, Nifty Bank, and Sensex. Index providers managing these benchmarks must comply with the SEBI (Index Providers) Regulations, 2024.

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