New norms cap borrower and group exposures based on Tier-I capital to prevent over-concentration. The key takeaway is stronger balance-sheet resilience through diversified lending.
The authority held that omission of CIN, email, and contact number on official documents violates section 12(3)(c). Even technical disclosure lapses attract penalties under section 12(8).
The authority held that not consecutively numbering minutes books violates section 118(1) of the Companies Act. Even procedural lapses in corporate records can lead to fixed penalties on both the company and directors.
The authority held that non-filing of financial statements under section 137 attracts strict penalties. Prolonged default justified imposition of the maximum amount prescribed by law.
The adjudicating authority held that exceeding the ₹100 crore borrowing threshold makes secretarial audit compulsory. Failure to appoint a Secretarial Auditor attracts fixed penalties under the Companies Act.
The Tribunal held that dismissal of an appeal without effective hearing violated principles of natural justice. The matter was remanded for fresh adjudication with directions to grant adequate opportunity.
The tribunal held that a reassessment notice issued after three years was invalid as sanction was taken from an incompetent authority. The assessment was quashed for non-compliance with section 151(ii) of the Income Tax Act.
DGFT updates multiple SIONs and adds new entries for chemical exports, with immediate effect under FTP 2023. Exporters must follow the revised norms from 17 December 2025.
The order holds that utilisation of private placement money before allotment and filing of returns violates Section 42, attracting substantial penalties despite financial hardship claims.
The adjudicating authority held that delay in filing return of allotment attracts penalty under Section 42, but relief under Section 446B applies where the entity qualifies as a small company.
