The appellate authority condoned an 18-day delay in filing a GST appeal, accepting illness of a key partner as sufficient cause. The case will now proceed for hearing on merits.
The government has retained existing tariff values for key imports like gold, silver, and edible oils. The update ensures valuation continuity without impacting import costs.
The customs authority clarified procedures for export cargo returning to Indian ports due to maritime disruptions. The circular prescribes verification, cancellation of export documents, and safeguards to prevent wrongful export incentive claims.
ROC imposed a ₹10,000 penalty for incorrect AOC-4 XBRL filing due to errors in attachments and certification. The ruling reinforces strict liability for accuracy in MCA e-forms.
ROC imposed heavy penalty for failing to appoint a Company Secretary within six months. The ruling stresses strict adherence to Section 203 timelines.
SEBI now requires draft abridged prospectuses and QR code-linked disclosures in IPO documents. The move enhances investor access to key information and improves transparency.
Authorities cautioned investors about entities promising monthly returns on deposits without regulatory approval, advising the public to deal only with registered pension intermediaries.
RBI introduced prudential norms limiting dividend payouts by payment banks to a maximum of 75% of profit. The framework links dividend eligibility to capital adequacy, asset quality, and supervisory compliance.
RBI amended capital adequacy directions to clarify computation of Counterparty Credit Risk (CCR) and align Indian banking rules with international standards. Banks must include consolidated CCR exposures and apply revised add-on factors.
The Reserve Bank of India revised prudential norms on counterparty credit risk for Small Finance Banks. The amendment updates add-on factors and exposure treatment to align with international capital adequacy practices.
