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Annual Fee System Introduced as Law Ends Periodic Renewal of Insurance Registrations

March 16, 2026 669 Views 0 comment Print

The insurance regulator clarified that certificates of registration for intermediaries will now remain valid indefinitely. The change eliminates the earlier three-year renewal framework, subject to payment of an annual fee.

Advisory on pre-deposit Payment while filing GST appeal before First Appellate authority

March 14, 2026 15561 Views 0 comment Print

GSTN clarified that payments made through Form GST DRC-03 are not automatically adjusted against a demand order. Taxpayers must file Form GST DRC-03A to link the payment before filing an appeal.

FSSAI Revises Turnover Limits to Reduce Compliance Burden on Small Food Businesses

March 13, 2026 1062 Views 0 comment Print

FSSAI has revised turnover thresholds for food business registration and licensing under the 2026 amendment regulations. The new limits aim to streamline regulatory compliance and reduce burdens on smaller food businesses.

Directors & Cpompany Fined for Non-Filing of Mandatory MGT-14 Under Companies Act

March 13, 2026 156 Views 0 comment Print

The adjudicating authority held that failure to file the board resolution within the prescribed 30-day period violated Section 117 of the Companies Act. The company and its directors were penalized.

ROC Penalizes Company & Directors for Not Filing Resolution Approving Financial Statements

March 13, 2026 213 Views 0 comment Print

The adjudicating authority held that failure to file the board resolution within 30 days violated Section 117 of the Companies Act. As a result, the company and its directors were penalized.

Maximum Penalty Imposed for Failure to File MGT-14 on Board Resolution Approving Financial Statements

March 13, 2026 150 Views 0 comment Print

The ROC imposed the maximum statutory penalty after the company failed to file Form MGT-14 for the board resolution approving financial statements. Non-compliance with Section 117 led to penalties on both the company and its directors.

RTI Appeal Rejected as IBBI Not Required to Create or Compile Information

March 13, 2026 543 Views 0 comment Print

The appellate authority held that public authorities under the RTI Act must only provide information already available in records. They are not obligated to create or compile new data or explanations.

IFSCA Proposes Regulatory Framework for Financial Advisers at GIFT-IFSC

March 11, 2026 579 Views 0 comment Print

A working group has recommended creating a regulatory ecosystem for Independent Financial Advisers at GIFT-IFSC. The proposal aims to improve investor protection and expand retail and NRI participation in the IFSC ecosystem.

SEBI Relaxes NISM Certification Norms Because Sales Staff Are Not Directly Involved in Research

March 11, 2026 624 Views 0 comment Print

To ease compliance for research analyst firms, SEBI created a separate certification module for sales and relationship managers who interact with clients but do not perform research functions.

Penalty Imposed as Incorrect AGM Date Was Mentioned in AOC-4 XBRL Filing

March 11, 2026 246 Views 0 comment Print

The adjudicating authority held that incorrect information in Form AOC-4 XBRL violated Rule 8(3) of the Companies Rules. Penalties were imposed on the director and the certifying CA responsible for the filing.

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