Starting January 2026, ICAI has simplified the CPE exemption process by allowing medical self-declarations and introducing new flexibility for pregnancy-related claims. The update also mandates 10 hours of learning for members who generate a UDIN during their exempted period.
ROC Chennai held that failure to include key disclosures in the Board’s Report violates Section 134. Directors were penalised for statutory non-compliance.
ROC Chennai held that omission of allottee occupation in the return of allotment violates Rule 12(2). The lapse attracted penalty under the residual provision of Section 450.
Non-furnishing of full allottee information resulted in rejection of statutory filings and imposition of penalty. The ruling reinforces strict disclosure norms for allotments.
ROC Chennai held that delayed filing of Board resolutions approving financial statements violates Section 117. The company and directors were penalised for prolonged non-compliance.
Non-compliance with mandatory board composition norms led to heavy penalties. Both the company and the officer were held liable under company law.
The issue was duplication and time-consuming reporting in liquidation filings. The revised forms streamline disclosures and enable auto-population to ease compliance.
The issue concerned regulatory handling of restructuring in IFSC units. The instruction clarifies that IFSCA will intimate SEZ authorities to ensure compliance under SEZ law.
The amendment mandates a minimum of two independent experts from relevant fields, strengthening oversight and expertise in performance reviews.
Non-maintenance of statutory registers triggered adjudication under company law. Officers in default were held personally liable despite liquidation.
