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RBI (Regional Rural Banks — Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

April 29, 2026 315 Views 0 comment Print

RBI ensures continued ‘Standard’ classification for accounts undergoing restructuring under specified frameworks. This supports recovery without immediate asset downgrading.

RBI (Regional Rural Banks — Resolution of Stressed Assets) Amendment Directions, 2026

April 29, 2026 345 Views 0 comment Print

RBI establishes a structured framework with strict timelines for resolving loans affected by calamities. The amendment ensures faster relief and coordinated action across banks.

RBI (Small Finance Banks — Responsible Business Conduct) Amendment Directions, 2026

April 29, 2026 252 Views 0 comment Print

The amendment mandates alternative service delivery channels and flexible operations in disaster-affected areas. It ensures banking accessibility and resilience in times of crisis. The key takeaway is improved inclusion and service continuity.

FSSAI Proposes Plastic-Free Packaging Norms for Pan Masala

April 28, 2026 615 Views 0 comment Print

The notification proposes a strict ban on plastic packaging for pan masala. It mandates eco-friendly alternatives and reinforces existing plastic waste rules to curb environmental and health risks.

SEBI Extends Compliance Deadline for Debenture Trustees Due to Operational Challenges

April 28, 2026 516 Views 0 comment Print

The issue was compliance timeline under amended DT regulations. SEBI extended the deadline to October 2026 due to implementation challenges, ensuring smoother transition for trustees.

Company Penalized for Allotting Shares Without Full Consideration Receipt

April 24, 2026 630 Views 0 comment Print

The case involved allotment of shares before complete payment and issues with fund traceability. The authority held it as non-compliance and imposed penalties, treating it as a technical breach.

Penalty imposed for Incorrect AOC-4 Filing Due to Wrong Disclosure on Subsidiary Status

April 24, 2026 372 Views 0 comment Print

The authority imposed a penalty on the director for incorrect disclosure in Form AOC-4. It held that the signatory is responsible for accuracy of filings, even if the error was inadvertent.

Penalty Reduced as CIN Non-Disclosure Held Not a Continuous Default

April 24, 2026 207 Views 0 comment Print

The authority ruled that failure to mention CIN on documents was not a continuing offence. Penalty was limited to specific instances, significantly reducing liability.

Late Fee applies for GSTR-9C Delay as It Forms Part of Annual Return: Madras HC

April 24, 2026 3813 Views 0 comment Print

The ruling clarifies that an annual return is incomplete without the reconciliation statement where required. Late filing of GSTR-9C was treated as delayed filing of the return itself, justifying penalty under GST law.

FDI Company Profits Rise Despite Slower Sales Growth Due to Lower Interest Costs: RBI

April 22, 2026 570 Views 0 comment Print

RBI data shows profit after tax increased despite moderation in sales growth. Lower interest expenses and higher non-operating income supported profitability.

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