The IFSCA has proposed a regulatory framework defining how investment advisers can provide implementation services in IFSC, seeking stakeholder feedback by December 3, 2025.
ROC Delhi levied penalties for not preparing and keeping minutes and attendance registers for seven board meetings, stressing the mandatory record-keeping requirements under Section 118.
A recent amendment increases the deadline for realising export proceeds from nine to fifteen months, offering exporters greater flexibility in meeting FEMA requirements.
The company and its officers were penalized ₹20,000 each for filing Form PAS-3 twenty days late, highlighting the importance of timely compliance under Section 39(4).
Tamilnadu Minerals Limited and its Company Secretary were penalized for holding only three board meetings instead of four during FY 2024-25, violating Section 173(1).
SRA Systems Limited was not penalized for failing to file Form BEN-2 as the foreign shareholder was dissolved before the compliance date, absolving the company of liability.
DGFT confirms that EODCs will not be withheld for AAs impacted by old Rule 96(10) if IGST was paid or pre-import conditions were met.
Non-filing of FY 2020-21 Annual Return led to Rs. 1.48 lakh company and Rs. 50k officer penalty, highlighting strict compliance enforcement under Section 92(5).
The ROC Mumbai levied ₹1 lakh each on a company and its directors for failing to maintain a registered office in violation of Section 12(1) of the Companies Act.
The ROC Mumbai found no contravention under Section 4(1)(c) of the Companies Act after verifying that the company operated within its amended MoA, leading to no penalty.
