The 125th IRDAI Meeting reviewed regulations, insurance growth, and new guidelines. Key decisions included D-SIIs identification, rural obligations, and Bima Sugam.
RBI fines Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory violations related to deposits, KYC norms, and customer service. Full details inside.
JNCH issues SOP to prevent pilferage of containers. CFS, ports, and customs staff must follow guidelines on container scanning and reporting. Full details inside.
CBI arrests Customs and CGST officers in bribery cases; Court sentences ex-Superintendent of Central Excise for accepting a bribe in Ahmedabad.
The Ministry of Corporate Affairs has updated the IEPF rules to simplify the process for investors to claim lost or unclaimed securities. The amendments include changes to documentation requirements and claim thresholds.
The Ministry of Corporate Affairs amends Companies (Ind AS) Rules, introducing new leaseback regulations. Effective from 9th September 2024. Learn the key updates here.
NFRA penalizes CA Santosh Deshmukh ₹5L & 1-year debarment for audit lapses in Sanwaria Consumer Ltd’s FY 2017-18 audit. Key audit failures include inventory valuation.
BRICS AEO MRA signed at Moscow, boosting customs cooperation. CBIC’s X-MAS aids in Rs 430 cr recovery; Thane CGST exposes Rs 75 cr ITC fraud; CGST officers save 200 lives.
DPC Social Benefits Nidhi Limited faces a penalty of ₹20,000 for non-compliance with Rule 14(6) under the Companies Act, 2013, as adjudicated by ROC Uttarakhand.
DPC Social Benefits Nidhi Limited fined Rs. 1,00,000 for late filing of Form PAS-3 under Section 39(4) of the Companies Act, 2013.
