The ROC held that a one-day delay in filing Form PAS-3 violated Section 42(8), attracting penalty under Section 42(9). The company and its directors were collectively fined Rs. 500, apportioned individually.
Several unmanufactured and stemmed tobacco varieties are assigned a 70% rate under the amended schedule. The updated structure consolidates rates across product types for clarity and consistency.
Bill outlines a capacity-based cess on machines and processes used to manufacture specified goods, with revenue aimed at national security and public health. It details compliance, verification, enforcement, and appeals mechanisms.
The Bill updates the Manipur GST Act to mirror amendments made to the Central GST Act through the Finance Act, 2025. It ensures uniformity across GST laws and replaces the earlier Ordinance.
ICAI achieved a Guinness World Record by guiding 6,166 students in one session, providing comprehensive career advice across multiple streams and global opportunities.
The adjudicating authority penalised a company and its directors for failing to disclose allottees’ PAN in Form PAS-3. The order enforces compliance with Rule 14(6) and Section 450 of the Companies Act, 2013.
The RBI has introduced comprehensive credit reporting norms for Small Finance Banks to ensure standardized, timely, and accurate borrower data. The framework strengthens transparency, SHG reporting, and data quality monitoring.
The new Directions mandate a single holding company structure for banks and group financial entities. They aim to prevent contagion risks and strengthen consolidated supervision.
Mandatory board-approved policies, diversification limits, and alignment with group risk frameworks are prescribed. The decision underscores heightened governance expectations.
The issue was fragmented and overlapping NBFC instructions. RBI consolidated them into a single framework, simplifying compliance while retaining safeguards for investors and depositors.
