The ROC held that although the annual return was filed late, the company rectified the default before the show cause notice was issued. Hence, under Section 454(2) of the Companies Act, no penalty was imposed.
IRDAI held discussions with US-based financial services stakeholders to explore opportunities in India’s insurance market and share recent regulatory reforms.
The ROC penalized a company and its director for failing to disclose PAN, occupation, and email details of allottees in PAS-3 returns. The violation attracted penalty under Section 450 of the Companies Act due to absence of a specific penalty provision.
RBI clarified how Asset Reconstruction Companies should compute owned funds, allowing inclusion of quarterly profits subject to audit and dividend adjustment.
RBI updated rules permitting wholly owned subsidiaries of foreign banks to declare dividends like domestic banks while complying with prudential norms and FEMA.
RBI replaced its previous Small Finance Bank dividend framework with revised directions effective FY 2026-27 while preserving legal validity of earlier approvals and proceedings.
The new RBI Directions mandate that dividend payments cannot reduce regulatory capital below required thresholds, ensuring stronger financial resilience among regional rural banks.
The amendment extends the deadline for settling tax arrears from 31 December 2025 to 31 March 2026, giving taxpayers additional time to avail benefits. This move aims to increase participation and ease pending tax disputes under the scheme.
The appellate authority held that RTI applies only to existing records. Authorities cannot be compelled to generate Action Taken Reports, analyses, or explanations not maintained in official records.
GSTAT issued instructions mandating submission of SCN, OIO, OIA, and appeal grounds in APL-05. It held that incomplete documentation may lead to defects unless properly justified. The ruling ensures standardized and error-free appeal filings.
