Draft governance amendments mandate a three-year cooling-off period after 10 years of continuous directorship to curb tenure circumvention and strengthen board independence.
The adjudicating authority held that failure to maintain the required number of directors liable to retire by rotation violates Section 152(6)(a). A monetary penalty was imposed on the officer in default despite suo motu disclosure.
The regulator notified comprehensive 2025 guidelines to govern NPS Vatsalya, detailing eligibility, contributions, investments, and withdrawals for minors. The move clarifies operations and ensures a structured transition to regular NPS on attaining adulthood.
The 2026 framework links dividend payouts to capital strength, asset quality, and adjusted profits. It ensures dividends do not weaken financial stability or regulatory compliance.
The regulator has linked dividend payouts to CET1 capital ratios and imposed an overall cap to protect financial stability. Banks must now align shareholder distributions with prudential capital buffers.
The Commission held that allegations over AI-based alteration of a film did not establish anti-competitive conduct. In the absence of evidence linking the conduct to Sections 3 or 4, the case was closed under Section 26(2).
The order holds that failure to disclose mandatory allottee particulars violates securities allotment rules. Rejection of a regulatory form does not bar imposition of penalty under the Companies Act.
The adjudicating authority held that non-receipt of official correspondence proved a breach of the statutory duty to maintain a registered office. Penalties were imposed on the company and its directors under Section 12(8) of the Companies Act.
The government has notified an electricity regulatory authority as eligible for tax exemption under section 10(46A), clarifying its status as a statutory body and the conditions for continued benefit.
The regulator has overhauled credit risk norms for Local Area Banks by redefining related parties and imposing stricter limits and approvals. The key takeaway is stronger governance and reduced conflict-of-interest risk in bank lending.
