ICAI has announced BoS Series I and II to support CA Intermediate students ahead of the May 2026 exams. The virtual sessions focus on exam-oriented revision and last-minute preparation.
The amendment revises the HVDLE classification threshold from ₹1,000 crore to ₹5,000 crore. This significantly reduces governance and disclosure compliance for smaller debt-listed entities.
Authorities held that failure to file Form MGT-14 for approving annual accounts violated Section 117 of the Companies Act. The ruling reiterates that timely filing of board resolutions is mandatory.
Authorities held that non-filing of Form MGT-14 for approval of accounts violated Section 117 of the Companies Act. The ruling reiterates that filing board resolutions is a mandatory statutory obligation.
The Central Government has notified a statutory development authority under Section 10(46A), granting income-tax exemption from AY 2024–25. The benefit is conditional on continued statutory status and specified public purposes.
The regulator has issued a Master Circular compiling all existing SSE-related directions in one document. Earlier circulars are rescinded, but past actions and obligations remain fully protected.
The ruling holds that capital gains from offshore structures can be taxed in India when facts show substance over form. The key takeaway is that tax treaties do not protect arrangements leading to double non-taxation.
Authorities held that non-disclosure of auditor-reported violations in the Directors’ Report breached Section 134(3)(f). The ruling underscores that transparency in statutory reporting is mandatory, not optional.
Authorities held that failure to display a complete registered office address violated Section 12(3)(a) of the Companies Act. The case reinforces that even procedural lapses can attract the maximum statutory penalty if left unrectified.
A public sector bank has invited quotations to appoint external auditors for reviewing its internal audit and compliance functions. The move focuses on quality assurance, risk assessment, and systemic improvements over a defined audit period.
