Explores IFSCA’s draft guidelines requiring MIIs to strengthen governance, access controls, network security, and cyber resilience. Highlights the need for advanced safeguards due to systemic market risks.
The CBI arrests ITAT officials and an advocate in Jaipur for bribery, seizing over Rs. 1 crore and exposing an organized network settling appeals for cash.
IRDAI flagged a life insurer for allowing executive management to fix statutory auditor fees, risking conflict of interest. Corrective action was implemented and a warning issued.
The circular clarifies REF usage for legal enforcement in case of defaults, allowing trustees to reimburse specified expenses without prior holder approval. It improves operational efficiency and investor protection.
Issuers must now submit security and financial reports on quarterly, semi-annual, annual, and three-year timelines. The move improves due diligence and investor protection in debt markets.
Delhi ITAT cancels ₹22 crore tax addition based solely on WhatsApp chats from another phone, reaffirming privacy protections and limited evidentiary value of digital messages.
ROC held that financial statements signed without prior Board approval violated Section 134(1), attracting penalties on the company and directors. The key takeaway is that Board authorization is mandatory before signing audited accounts.
The ROC imposed penalties after finding that CSR funds meant for ongoing projects were wrongly spent and not transferred to Schedule VII funds. The key takeaway is that improper use of unspent CSR amounts triggers liability under Section 135(5).
RoC Kolkata levied penalties for failure to file FY 2018-19 financial statements, holding the company and directors liable under Section 137(3) of the Companies Act.
SEBI’s 2025 amendments clarify appointments, roles, and responsibilities of managing directors, executive directors, CTOs, and CISOs in depositories to enhance governance and risk management.
