The Government has notified February 1, 2026, as the commencement date for the Health and National Security Cess law. The move activates the statute without altering its scope or provisions.
The circular extends SCMTR transitional provisions until 31 March 2026. The key takeaway is continued facilitation while mandating correct electronic declarations by all stakeholders.
ROC held that appointing an Independent Director for a third consecutive term violates section 149(11). Even voluntary disclosure did not shield the company and officers from maximum penalties under section 172.
ROC imposed the highest penalty for failure to file MGT-14 approving financial statements. The order reiterates strict enforcement of section 117 timelines.
The ROC imposed the highest permissible penalty for not filing MGT-14 on approval of accounts. The order reiterates that continued non-compliance with section 117 invites strict financial consequences.
Stakeholders seek more time for GSTR-9 and 9C as new ITC reporting rules introduce granular, multi-year reconciliations that significantly raise compliance effort and risk of errors.
The amendment specifies that identity and address verification rests with the entity that last updated CKYCR records. ARCs relying on such data are spared repeat checks but remain responsible for full customer due diligence.
The amendment clarifies that identity and address verification lies with the entity that last updated CKYCR records. NBFCs relying on such records need not repeat verification but must continue full customer due diligence.
The amendment clarifies that identity and address verification rests with the entity that last updated CKYCR records. Regional rural banks relying on such records are spared repeat checks but remain fully responsible for ongoing due diligence and AML compliance.
The amendment clarifies that identity and address verification rests with the entity that last updated CKYCR records. Small finance banks relying on such records are spared repeat checks but must continue full customer due diligence under KYC norms.
