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FSSAI Proposes Steeper Penalties for Late Food Safety Returns

January 20, 2026 675 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 315 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 333 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 693 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 573 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 483 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.

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

January 6, 2026 1695 Views 0 comment Print

ICAI has announced free Live Virtual Revisionary Classes starting from 6 July 2026 for CA Final students. The initiative provides structured revision, expert guidance, and interactive learning support ahead of the November 2026 examinations.

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

January 5, 2026 1323 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.

Interest Subvention Scheme Boosts MSME Export Credit

January 2, 2026 2661 Views 0 comment Print

The government introduces 2.75% interest relief on pre- and post-shipment export credit, helping MSMEs access cheaper working capital and expand exports.

Withdrawal of ₹2000 Denomination Banknotes – Status

January 1, 2026 1218 Views 0 comment Print

RBI has confirmed that more than 98% of ₹2000 notes have been returned to the banking system since the withdrawal announcement, reflecting widespread compliance by the public.

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