PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountability, transparency, and faster disposal of subscriber complaints.
The updated IFSCA framework creates a detailed regulatory structure for ship leasing activities in IFSCs, including operating and financial leases. The circular aims to strengthen India’s maritime finance ecosystem through GIFT City and other IFSCs.
SEBI has modified the Monthly Cumulative Report format for mutual funds following the introduction of new scheme categories. The revised reporting structure will apply from June 2026 onwards.
PFRDA has launched Retirement Income Schemes and drawdown options under NPS to allow flexible post-retirement payouts up to age 85. The framework also permits continued market-linked growth of retirement corpus.
SEBI has clarified that SPVs under InvITs can continue retaining SPV status even after termination or completion of concession agreements. The circular also prescribes timelines for exit, restructuring or acquisition of new infrastructure projects.
ROC Delhi imposed penalties under Section 450 after a company failed to appoint an internal auditor despite crossing prescribed financial limits. The order held that absence of professional guidnce is not a valid ground for waiver of penalty.
ROC Delhi imposed penalties after a company failed to form Audit and Nomination Committees despite crossing the prescribed turnover threshold. The order held that statutory committee requirements under Sections 177 and 178 are mandatory.
ROC Kolkata imposed penalties after a company incorrectly reported that consolidated financial statements were not applicable in its AOC-4 XBRL filing. The order held that inaccurate MCA filings attract liability even if the mistake is later admitted and rectified.
ROC Kolkata imposed penalties after a company filed another entity’s shareholder list in its MGT-7 annual return. The order held that incorrect statutory filings attract liability even if the mistake was later admitted and rectification was sought.
ROC Goa imposed penalties after finding violations of AS-09 and AS-15 reflected in the auditor’s report for FY 2021-22. The order held that failure to ensure proper compliance in the Directors’ Responsibility Statement attracted independent liability under Section 134(5A).
