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CBIC Prolongs Validity of 5 Notifications, Issues Amendments to 2 Customs Notifications

February 1, 2026 2565 Views 0 comment Print

The government has extended the validity of multiple customs exemption notifications up to 31 March 2028. The key takeaway is continued duty relief and certainty for eligible imports.

Major Highlights of Union Budget 2026-27

February 1, 2026 9255 Views 0 comment Print

The Budget outlines a reform-driven roadmap centred on manufacturing, infrastructure expansion, and fiscal discipline. The key takeaway is a sustained push for long-term growth backed by targeted investments and structural reforms.

ICAI Launches Free Live Revision Classes for CA Final May 2026 Exams

January 23, 2026 1491 Views 0 comment Print

The announcement highlights a free digital revision initiative. The takeaway is unlimited access to live classes, recordings, and exam guidance for May 2026 aspirants.

FSSAI Proposes Steeper Penalties for Late Food Safety Returns

January 20, 2026 627 Views 0 comment Print

The issue is chronic delays in filing Food Safety Compliance Returns. The key takeaway is graded penalties and licence suspension for prolonged non-filing.

Missing Allottee Occupation in PAS-3 Draws ROC Penalty

January 8, 2026 285 Views 0 comment Print

The issue was failure to disclose allottee occupation in PAS-3. The key takeaway is that incomplete allotment details trigger penalties under Section 450.

ROC Chennai imposes Penalty for Incomplete Details in Form PAS-3

January 8, 2026 264 Views 0 comment Print

The issue was missing mandatory allottee details in PAS-3 filings. The key takeaway is that incomplete disclosures invite penalties under Section 450.

MCA imposes Penalty for missing PAN or email details of Allottee in PAS-3  

January 7, 2026 630 Views 0 comment Print

The issue was failure to provide full allottee particulars in PAS-3. The key takeaway is that missing PAN or email details can trigger penalties under Section 450.

ROC Chandigarh imposes ₹10 Lakh Penalty for Delay in Appointing CFO

January 7, 2026 495 Views 0 comment Print

The issue was failure to appoint a CFO after crossing the capital threshold. The takeaway is that delays in KMP appointments attract steep statutory penalties.

Draft RBI (Local Area Banks – Prudential Norms on Declaration of Dividend) Directions, 2026

January 7, 2026 432 Views 0 comment Print

The draft Directions introduce stricter eligibility and capital-linked limits on dividend payouts by Local Area Banks. The key takeaway is that dividends are now closely tied to prudential strength and asset quality.

CBI Arrests IRS Officer, Two CGST Superintendents for ₹70 Lakh Bribe

January 5, 2026 1152 Views 0 comment Print

Enforcement authorities uncovered a corruption racket involving illegal payments to influence GST evasion cases. The key takeaway is that multiple officials and private actors were arrested following a trap operation.

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