ROC Bangalore imposed a 15.5 lakh penalty on PACE DIGITEK LIMITED and its director for failing to spend and timely transfer unspent Corporate Social Responsibility (CSR) funds for FY 2020-21, violating Section 135(7).
ROC Bangalore adjudicates penalty against four directors of SHASHWATHA NIDHI LIMITED for violating Section 42(8) of the Companies Act by failing to provide complete allottee details (PAN, email, consideration particulars) in Form PAS-3 filed in 2017.
PFRDA Circular 16 rationalizes NPS Auto Choice/Life Cycle Fund nomenclature for better transparency, renaming them to reflect risk (Low to Aggressive). It integrates them into the new Common Schemes (CS) under the Multiple Scheme Framework (MSF).
Instruction 121 from the SEZ Division details the process for IT/ITES SEZ developers to convert demarcated Non-Processing Area (NPA) back to Processing Area (PA). The Development Commissioner is authorized to approve this reverse demarcation under Rule 11 of the SEZ Rules, 2006, provided the applicant has no claim for any duty refund.
Ministry of Finance streamlines PMLA KYC rules for SEBI-defined intermediaries, allowing CKYCRR uploads, updates, and retrieval to be done via a KYC Registration Agency (KRA).
The Labour Ministry clarified EPFO reforms, which simplify withdrawals by merging 13 provisions into three, reducing eligibility to 12 months, and allowing 75% withdrawal immediately for greater ease and financial security.
CBI arrested a CGST Superintendent in Nashik accepting a Rs 5 lakh bribe related to an IGST matter. Searches yielded Rs 19 lakh cash. The accused is in police custody.
SEBI issued a Master Circular to consolidate all instructions regarding the issue and listing of Non-convertible Securities, Securitised Debt, Security Receipts, Municipal Debt Securities, and Commercial Paper for market stakeholders.
SIA 330 sets requirements for internal audit assurance reports. Learn about mandatory structure, content, evidence-based reporting, levels of assurance, and timely communication protocols.
SIA 290 establishes protocols for continuous communication between the Internal Auditor and Management/TCWG. It mandates written processes for agreeing on scope, providing updates, and resolving conflicts.
