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Penalty Imposed on Director for Non-Disclosure of Interest

December 26, 2024 813 Views 0 comment Print

Registrar of Companies penalizes Watai Electronics director ₹1,00,000 for violating Section 184(1) of the Companies Act, 2013. Learn about the order details here.

Related Party Transactions Exceeding 10% of Turnover Without Shareholder Approval: MCA imposes Penalty

December 26, 2024 2511 Views 0 comment Print

Registrar of Companies imposes ₹10,00,000 penalty on Watai Electronics and directors for non-compliance with Section 188 of the Companies Act, 2013.

Revised Guidelines for ITFS Platforms in IFSCs

December 26, 2024 1452 Views 0 comment Print

Explore key updates to ITFS platform guidelines in IFSCs, including expanded financier eligibility, on-tap registration, and enhanced trade finance services.

SEBI Notifies Withdrawal of Recognition for Indian Commodity Exchange

December 24, 2024 693 Views 0 comment Print

SEBI withdraws recognition of Indian Commodity Exchange Limited, effective from Gazette publication. Exit permitted with compliance to specific directions.

SION/Adhoc Norms for Menthol Re-instated

December 24, 2024 918 Views 0 comment Print

DGFT reinstates SION norms for menthol imports under ITC(HS) codes 29061110 and 29061190, effective immediately, easing Advance Authorisation compliance.

Non-compliance with Section 118(10) Companies Act: MCA imposes Penalty

December 24, 2024 27468 Views 0 comment Print

Anheuser Busch InBev India penalized ₹1,50,000 for violating Section 118 of the Companies Act, 2013, related to secretarial standards in Board meetings.

Non Compliance with Secretarial standard provisions: MCA imposes Penalty 

December 24, 2024 2364 Views 0 comment Print

The MCA fined Anheuser Busch InBev India ₹1.5 lakh for non-compliance with Section 118(10) of the Companies Act, 2013, regarding secretarial standards from FY 2020–2023.

ICEGATE Introduces Electronic Voluntary Payment Facility

December 23, 2024 5100 Views 0 comment Print

ICEGATE now allows voluntary payments electronically, replacing manual TR-6 payments. The facility is available for past import/export duties.

Advisory for Receipt Numbers in E-Way Bill System for Leased Wagons

December 23, 2024 1785 Views 0 comment Print

Learn about new guidelines for entering receipt numbers for leased wagons in the E-Way Bill system, effective from January 1, 2025.

Guidelines on setting up & operation of International Trade Finance Service Platform

December 23, 2024 699 Views 0 comment Print

IFSCA issues updated guidelines for setting up and operating International Trade Finance Service Platform, effective immediately, under the Finance Company Regulations, 2021.

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