This explainer breaks down how Section 80G deductions work and who can claim them. It highlights deduction categories, qualifying limits, and mandatory verification with donee filings.
UDIN generation now requires disclosure of preceding year audit details for specific audit categories. The update strengthens audit traceability while ensuring confidentiality of member data.
India’s EV push and renewable expansion are accelerating lithium battery demand. This overview explains why the sector offers a decade-long growth runway and what investors should track.
The amendment introduces a one-time option for UPS subscribers to revert to NPS within defined service timelines. The key takeaway is added flexibility, with clear conditions on contributions and loss of assured UPS benefits after switching.
The adjudication confirms that non-appointment of a secretarial auditor is a serious compliance breach. COVID-related explanations did not absolve liability under company law.
Insurers can now invest in AT1 bonds and Tier 2 capital instruments issued by AIFIs. The change widens investment options while aligning with existing bank investment norms.
Penalties were imposed after it was found that share subscription funds were used without valid allotment. The ruling reinforces strict compliance with private placement rules.
ROC held that failure to number pages in statutory minutes books violates Section 118. Even clerical lapses can invite penalties on both the company and its directors.
ROC held that non-appointment of a small shareholders’ director violates Section 151. The company and its directors were penalised at the statutory maximum under Section 172 for prolonged default.
ROC imposed the highest permissible penalty after finding prolonged failure to file AOC-4. The ruling underscores strict enforcement of Section 137(3) and personal accountability of directors.
