ROC Mumbai penalizes Sweet Elephant Infotech Pvt. Ltd. and its director for non-filing of financial statements for FY 2020-21 under Section 137(3).
ROC Mumbai imposes penalty on Hexaware Technologies and officers for late filing of Form MR-2 for appointment of non-resident whole-time director under Section 450 of Companies Act.
India’s gross GST revenue for October 2025 reached ₹1.96 lakh crore, up 4.6% year-on-year. Import GST grew 12.9%, while domestic revenue rose 2%, reflecting steady demand and a resilient tax base.
Odisha Grameen Bank seeks CA Firms for Concurrent Audit (Rs. 7,500/month/branch) starting Jan 2026. Eligibility requires RBI registration, 3 years existence, 1 year of bank audit experience, and office within Odisha’s operational area. Applications due by Nov 10, 2025, via registered post.
SEBI mandates social media and search engines to adopt verification for financial advertisers and label registered trading apps to protect investors from online investment scams.
IFSCA seeks public comments on amending its Capital Market Intermediaries Regulations, 2025. Key proposals include relaxing PO/CO eligibility (adding STEM/Fintech, reducing experience), allowing a common PO for multiple roles (including Custodians/Distributors), clarifying liquid net worth, and lowering the custodian net worth requirement to USD 1 million.
ICAI proposes tax reforms for Union Budget 2026-27 to enhance ease of doing business and sustainability. Suggestions cover reducing compliance burden (E-Ledger system, removing TCS on scrap), mitigating litigation (decriminalization), and rationalizing tax provisions.
SEBI clarified that pledging/revoking a pledge is a ‘trade’ under PIT Regulations. Revocation and subsequent sale of ESOS shares to repay a loan are not contra trades if bonafide.
IBBI advises IPs to seek restitution of ED-attached assets under PMLA, requiring a standard undertaking for Special Courts, ensuring asset usage controls and ED cooperation.
SEBI’s latest amendment includes REIT units in mutual fund investment rules, raises the liquid scheme limit to 97%, and adjusts cross-holding restrictions for Specialized Investment Funds.
