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Chennai Customs Simplifies Entry Inwards and Cargo Handling

December 3, 2025 609 Views 0 comment Print

Chennai Customs has delinked Entry Inwards from vessel boarding, enabling faster processing through email and automated updates, facilitating timely cargo discharge.

India: Financial Sector Assessment Program, 2024

December 3, 2025 570 Views 0 comment Print

The World Bank and IMF assessment highlights India’s progress in banking, insurance, capital markets, and digital infrastructure while recommending reforms for further growth.

₹4 Lakh Penalty for Issuing Private Placement Offer Before filing Board resolution

December 3, 2025 732 Views 0 comment Print

Naturedge Beverages issued a private placement offer before filing the Board resolution, resulting in penalties totaling ₹4,00,000 for the company and directors.

India’s GDP Soars 8.2% Amid Robust Economic Recovery

December 3, 2025 576 Views 0 comment Print

India’s Q2 GDP grew 8.2%, driven by manufacturing, exports, and rising labour participation, highlighting a resilient and broad-based economic recovery.

UIDAI Deactivates 2 Crore Aadhaar Numbers of Deceased Individuals

December 3, 2025 513 Views 0 comment Print

UIDAI has deactivated over 2 crore Aadhaar numbers to prevent misuse and maintain database accuracy. Family members can also report deaths via the myAadhaar portal for secure deactivation.

Petroleum Industry Benefits with Improved Safeguards under New Labour Codes

December 3, 2025 423 Views 0 comment Print

The OSHWC and Social Security Codes modernize safety and welfare in the petroleum sector. Mandatory risk assessments, medical surveillance, and ESIC benefits ensure safer, compliant operations nationwide.

Shell Companies Undefined in Companies Act, 2013: Central Govt

December 3, 2025 606 Views 0 comment Print

The Companies Act, 2013 does not define shell companies, but strict compliance actions under sections 92, 96, 137, and 248 continue. Companies failing statutory filings or engaging in fraud face inspections, investigations, and striking off.

Changes in accounting of POSB TDS transactions

December 2, 2025 1035 Views 0 comment Print

All TDS deductions under Sections 194A, 194H, 194EE, and 194N will now be recorded at CPRC, streamlining reporting and compliance.

Penalty Imposed for Non-Demat Bonus Share Issue Under Companies Act

December 1, 2025 1461 Views 0 comment Print

The ROC penalised a company for issuing bonus shares without completing mandatory dematerialisation. The order highlights strict enforcement of Section 29 and Rule 9A compliance requirements.

MCA imposed Penalty for Non-Compliance with SBO Reporting

December 1, 2025 1632 Views 0 comment Print

A company and its directors were penalized under Section 90(11) of the Companies Act for failing to issue notices to Significant Beneficial Owners, emphasizing regulatory accountability.

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