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ROC Chennai imposed Penalty for Non-Disclosure of Allottee Occupation in PAS-3

January 8, 2026 414 Views 0 comment Print

The order examines failure to disclose mandatory allottee details in statutory filings. It confirms that such omissions attract penalty under the residuary provision of the Companies Act.

ROC Imposed Penalty for Non-Disclosure of Allottee Details in PAS-3 Filing

January 8, 2026 267 Views 0 comment Print

The order addresses failure to disclose occupation details of allottees in statutory filings. The authority held this omission to be a violation of securities allotment rules, attracting penalty under the Companies Act.

Draft CAG Policy of Empanelment of CA Firms/LLPs for 2026-27

January 8, 2026 12042 Views 0 comment Print

The draft policy proposes a detailed scoring framework to empanel CA firms and LLPs for government audits based on capacity, experience, audit quality, and professional credentials. It aims to ensure transparency, objectivity, and merit-driven selection while discouraging non-compliance and poor performance.

Why Chip Design Is Powering India’s Semiconductor Strategy

January 8, 2026 510 Views 0 comment Print

The Design Linked Incentive Scheme is accelerating India’s move into high-value semiconductor design. The key takeaway is rapid progress from ideas to silicon, backed by incentives, shared infrastructure, and rising private investment.

ICAI President’s Message – January 2026

January 8, 2026 1653 Views 0 comment Print

The message highlights that professional plateaus are not limits but transition points toward higher mastery. The key takeaway is that continuous learning and adaptability are central to sustaining leadership in a rapidly evolving global economy.

Delay in Filing MGT-14: MCA imposes Heavy Corporate & Director Penalties

January 7, 2026 1215 Views 0 comment Print

The order examines prolonged delay in filing mandatory board resolutions approving accounts. It underscores that late compliance, even if rectified later, can attract maximum penalties under the residuary provision.

SEBI Deferred Distributor Incentive Rollout Due to Operational Challenges

January 7, 2026 561 Views 0 comment Print

SEBI extended the start date for additional distributor incentives after industry feedback highlighted system and process readiness issues, shifting implementation to March 1, 2026.

Legal Metrology (General) Amendment Rules, 2026

January 7, 2026 1542 Views 0 comment Print

The 2026 amendment introduces detailed metrological, technical, and safety standards for non-automated blood pressure devices. The key takeaway is mandatory compliance with precise accuracy limits, testing protocols, and durability requirements.

Power Distribution Function Classifiable Under Heading 8537: CAAR Delhi

January 6, 2026 801 Views 0 comment Print

The Authority examined whether imported electrical racks should be treated as static converters or distribution cabinets. It ruled that their principal function is electricity distribution, classifying them under CTH 8537 10 90. The key takeaway is that ancillary UPS functions do not alter primary classification.

Penalty for Non-Maintenance of Registered Office After Undelivered Notices

January 6, 2026 309 Views 0 comment Print

Regulatory correspondence returned undelivered led to action under registered office compliance rules. The ruling underscores that companies must maintain a functional address to receive statutory communications.

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