Authorities imposed penalties after finding continued failure to file financial statements for FY 2019-20. The order directs rectification, personal payment by officers, and outlines appeal and compliance requirements.
SFIO now issues digitally generated Summons/Notices with QR codes and DINs, allowing recipients to verify authenticity online and prevent impersonation.
Supreme Court ruled that CoC and RP can surrender financially burdensome assets voluntarily, clarifying moratorium under section 14(1)(d) is a protective shield, not a retention mandate.
The Department of Posts introduces a Standard Operating Procedure to correct balance differences in POSA, PPF, and SSA accounts caused by non-migrated pre-CBS transactions.
The IFSCA has proposed widening the definition of Lloyd’s Service Companies to include group entities and members of Lloyd’s syndicates. The key takeaway is an expanded promoter base aimed at strengthening the IFSC insurance market.
ROC Ahmedabad imposes penalties for delayed appointment of independent directors, noting 81 days of non-compliance and directing payment under Section 172.
ROC Ahmedabad imposes penalties for failure to include registered office details on company letterheads for multiple years, citing violation of Section 12(8).
The amendment introduces Schedule XII, replacing earlier monetary limits with turnover-linked thresholds for material related party transactions. It strengthens audit committee oversight and standardises approval requirements across listed entities.
The case highlights concerns over an officer pressuring a CA to sign GST documents like an audit report and threatening coercive action. It reiterates that CAs have limited compliance roles, are protected by professional privilege, and cannot be compelled to disclose client information without due process.
The circular introduces an ICEGATE 2.0 module for processing MOOWR and MOOSWR applications. It streamlines the Section 65 permission process, offering manuals and support channels for smooth onboarding.
