The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory definition of general insurance business. The decision clarifies the legal position for re-insurance entities operating in IFSC jurisdictions.
ROC Mumbai-II imposed penalty under Section 450 after a company incorrectly mentioned the AGM date in Form AOC-4 XBRL. The order held the director responsible for ensuring accuracy of e-form contents.
ROC Haryana ruled that non-transfer of unspent CSR amount within six months from the close of the financial year constituted a violation attracting adjudication penalty proceedings.
The Registrar of Companies held that continued non-filing of annual return violated Section 92(4) of the Companies Act, leading to penalties on both the company and its managing director.
ROC Patna imposed penalty under Section 92(5) after the company failed to file its annual return for FY 2019-20. The authority also noted absence of representation during adjudication proceedings.
RBI amended Investment Fluctuation Reserve norms for Urban Co-operative Banks after operational difficulties in maintaining IFR. The revised rules permit drawdown of excess IFR balances beyond the mandatory 5% threshold.
RBI updated the 2025 Capital Adequacy Directions after issuing revised rules on classification, valuation, and operation of investment portfolios. The amendment specifically deletes sub-paragraph 21(i)(b).
ROC Cuttack penalised a company and its directors for violating Section 12(3)(c) of the Companies Act after finding that official letterheads omitted mandatory details such as telephone number, email, and website address.
ROC Cuttack penalised a company and its directors for not appointing a whole-time Chief Financial Officer despite paid-up capital exceeding the statutory threshold under the Companies Act.
CBIC revised SAED on ATF exports to Rs. 16 per litre effective 16 May 2026, impacting aviation fuel exporters and export duty costs.
