A small software company faced a maximum penalty of ₹2 lakh for delayed filing of financial statements. The ruling demonstrates MCA’s strict enforcement and timelines for filing under the Companies Act.
The RBI announced the withdrawal of ₹2000 notes in May 2023. As of Sept 30, 2025, 98.35% of notes are returned. Notes remain legal tender; exchange/deposit continues at RBI offices.
Competition Commission of India closed a complaint alleging use of dirty water and false labeling in Maggi Sauce production, holding that such food safety concerns do not amount to abuse of dominance under Section 4 of the Competition Act.
India mandates REEIMS registration for imports of specific components (Ch 70, 73, 84, 85) used in solar and wind energy projects, effective November 1, 2025.
Rosmerta Autotech Ltd. and its directors were penalized for maintaining board minutes without serial numbers for FY 2015-16. ROC emphasized compliance with Section 118(11) and Secretarial Standards SS-1 & SS-2.
CBDT Notification 150/2025 grants income tax exemption to the Jhansi Development Authority under Section 10(46A), effective from Assessment Year 2025-26.
CBIC circular simplifies bank account registration for exporters. Same incentive bank account and IFSC code are now auto-approved at multiple customs locations if previously approved.
IBBI’s First Appellate Authority dismissed Mohit R. Mehta’s RTI appeal, affirming the CPIO’s decision that queries on RV/RVE compliance timelines and guidelines constitute clarification or advice, falling outside the RTI Act’s definition of information.
RBI issues draft directions to update banking norms: enhancing credit risk capital charge with granularity and transitioning to an Expected Credit Loss (ECL) provisioning framework.
The RBI has expanded its Integrated Ombudsman Scheme, 2021, effective Nov 1, 2025, to include State and Central Co-operative Banks for dispute resolution.
