Following representations from the Bharat InvITs Association, SEBI has proposed amendments to NDCF computation rules. The draft includes safeguards such as unitholder approval and enhanced disclosures.
The Board has streamlined grievance procedures by omitting Form A from the regulations and allowing complaints in Board-notified formats. The move increases administrative efficiency and procedural adaptability.
The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalty of ₹1 crore was imposed for violations of MISP guidelines.
The ROC rejected the company’s defense that temporary reconstruction and business disputes justified the absence of staff and signboards. It held that statutory obligations under Section 12 remain mandatory at all times.
The adjudication order clarifies that incomplete filing of statutory resolutions on the MCA portal constitutes non-compliance. The company failed to rectify the defect despite notices and hearing opportunities.
The ROC used the residuary penalty provision under Section 450 to address procedural contraventions involving premature allotment and inaccurate PAS-3 disclosures. The ruling clarifies the scope of Section 450 in filling legislative gaps.
The proposed 2026 amendments require successful completion of an accredited ISO 22000 Lead Auditor course for food safety auditors. The draft aims to revise professional standards under food auditing regulations.
The ROC held that attaching an incorrect balance sheet while filing Form AOC-4 amounts to non-compliance under Section 137(1). The company and its directors were penalized for defective filing of financial statements.
The authority observed that except life insurance, other insurance segments under IFSCA regulations align with the statutory definition of general insurance business. The decision clarifies the legal position for re-insurance entities operating in IFSC jurisdictions.
FSSAI has provided a transition period until 1 July 2027 for compliance with new vegan logo specifications. The amendment focuses on standardized packaging and labeling practices.
