The regulator examined failure to hold the minimum number of Board meetings in a calendar year. It held that missing even one required meeting violates statutory governance norms and attracts penalty.
The authority examined non-filing of charge registration for vehicle loans. It held that registration under company law is mandatory, attracting personal penalties on directors for default.
The regulator examined a failure to disclose full allottee particulars in the return of allotment. It held that incomplete disclosures violate securities allotment rules and attract penalty under the Companies Act.
Insurers must shift all service and transactional calls to the 1600-series by 15 February 2026. Calls from any other numbers thereafter will invite UCC action and regulatory consequences.
The Central Government notified an urban development authority under section 10(46A) of the Income-tax Act. The exemption applies from AY 2024–25, subject to continued statutory status and specified functions.
The FAQs confirm that cess is computed on maximum rated machine speed rather than actual production. This ensures certainty in tax liability regardless of utilisation levels.
Lending to directors and related parties is sharply curtailed with clear bans and limited exceptions. The rules mandate Board oversight, materiality thresholds, and mandatory recusals.
Banks must now report sanctioned loans, NPAs, provisions, and contracts involving related parties. The move strengthens oversight of credit risk through expanded financial statement disclosures.
New amendment directions require detailed disclosure of loans and contracts involving related parties. The move enhances transparency in credit exposure reporting.
RBI has amended financial statement disclosure norms to include granular reporting of related party exposures. The move strengthens oversight of credit risk and governance.
