The ROC Bangalore held that obtaining and retaining a second DIN in violation of Section 155 of the Companies Act attracts penalty under Section 159. Despite the error being inadvertent and later rectified, the prolonged default of 3075 days resulted in a reduced but substantial penalty.
The ROC Bangalore imposed penalty for holding two Director Identification Numbers in violation of Section 155 of the Companies Act, 2013. Even though the second DIN was obtained inadvertently and later surrendered, the continuing default for 1227 days attracted adjudication and monetary penalty.
The regulator has updated its ICDR Master Circular by incorporating all circulars issued up to December 31, 2025. The move simplifies compliance while ensuring that past actions and liabilities under earlier circulars remain valid.
The CBI has registered a bribery case against three Customs officials accused of taking illegal gratification to release seized goods. The probe also examines missing stock from government godowns.
SEBI has proposed extending standing instruction facilities for SWP and STP to mutual fund units held in demat form. The move aims to improve investor convenience and reduce repetitive transaction-level instructions.
India’s tax laws are adapting to platforms, creators, and cross-border digital services. This piece explains how income-tax provisions, equalisation levy, and GST rules attempt to capture digital value and where complexity still hampers certainty and ease of compliance.
The authority held that absence of a statutory register of members at the registered office violates Section 88. Administrative or record-keeping difficulties were not accepted as a defence, resulting in penalties on the company and directors.
SEBI’s informal guidance confirms that corporate governance compliance reports must reach the full Board. Delegation to committees alone does not meet statutory disclosure requirements.
A tax bar body has sought reduction of GSTAT appeal and application fees, citing affordability concerns. The key takeaway is that high costs may defeat the purpose of a statutory appellate forum.
The regulator proposes lowering the Z-Score used in historical stress testing from 10 to 5 for commodity derivatives. The move aims to balance robust risk management with realistic market scenarios and operational efficiency.
