Rule 4 mandates SEBI approval, strict client data maintenance, non-erasure of transactions, and seven-year audit trail reporting for derivative trading recognition under section 2(92).
A mismatch in paid-up capital disclosure in the annual return led to penalty proceedings under Section 454. The decision emphasizes that compliance failures in MCA filings, even if unintentional, invite statutory penalties.
CAS-25 standardizes principles for inventory valuation, including cost components and NRV rules. It applies from 12 February 2026 for cost statement preparation and certification.
The Court ruled that provisional attachment under Section 83(1) cannot continue beyond one year as per Section 83(2). The attachment order was held to have lapsed by operation of law.
SEBI has proposed shifting ETF base price determination from T-2 NAV to T-1 metrics to reduce pricing lag and operational risks. Public comments are invited on the revised framework.
ROC Mumbai held that once delay in appointing an Internal Auditor was compounded by the Regional Director and default rectified, no further penalty under Section 450 could be imposed.
Rural Co-operative Banks can now recognise income on accrual basis for Standard assets, but must follow cash basis for non-Standard loans and reverse unrealised income on NPA classification.
Even though the form was auto-approved under STP mode, the adjudicating authority imposed penalty for inaccurate disclosure. Responsibility for correctness rests with the digital signatory.
ROC Kolkata imposed penalties under Section 172 after a public company failed to fill a Woman Director vacancy within the prescribed three-month period, resulting in 18 days of non-compliance.
The 26th Council of ICAI has elected new leadership effective February 12, 2026. The announcement marks the beginning of the 2026–27 term for the statutory accounting body.
