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Full Disclosure Exists When CCI Had Complete Transaction Record: SC

May 28, 2026 288 Views 0 comment Print

The Supreme Court examined whether the CCI could revisit a merger approval after allegations of incomplete disclosures regarding interconnected agreements and strategic rights. The case focused on disclosure obligations, merger review powers, and limits on regulatory action under the Competition Act.

IBBI Invites Applications for Research Associates & Consultants

May 26, 2026 549 Views 0 comment Print

The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. The notice details eligibility, remuneration, experience requirements, and application procedures under the Insolvency and Bankruptcy Code framework.

CCI Closes Rapido Case as Permit and Tax Issues Fall Outside Competition Law

May 26, 2026 2169 Views 0 comment Print

The CCI held that allegations relating to vehicle permits, GST remittance, and transport rule violations fall outside the scope of competition law. The Commission found no prima facie abuse of dominance under Section 4 of the Competition Act.

Rose Water Taxable at 18% GST Because It Was Not Recognised as Puja Samagri

May 25, 2026 513 Views 0 comment Print

The Tamil Nadu AAR held that “Pooja Panneer” could not claim GST exemption as puja samagri because the exemption notification specifically listed eligible items. The Authority ruled that the word “namely” made the list exhaustive and not illustrative.

ROC Imposes Penalty for Delay in Mandatory CFO Appointment

May 22, 2026 723 Views 0 comment Print

ROC Patna penalised a company and its directors for failing to appoint a Chief Financial Officer after crossing the prescribed paid-up capital threshold. The order highlights strict compliance requirements under Section 203 of the Companies Act, 2013.

ROC Imposes Penalty for Not Holding Mandatory Board Meetings Under Companies Act

May 21, 2026 303 Views 0 comment Print

ROC Patna imposed penalties after a company failed to prove that Board Meetings were held as required under Section 173(1). Absence of minutes and non-filing of MGT-7 became key reasons for the adjudication action.

ROC Imposes Maximum Penalty for Failure to Maintain Registered Office

May 21, 2026 348 Views 0 comment Print

ROC Patna penalised a company and its managing director after physical verification revealed that the registered office was not functioning at the recorded address. The order highlights strict compliance requirements under Section 12 of the Companies Act, 2013.

RBI invites comments on draft RBI (Capital Adequacy) Amendment Directions, 2026

May 19, 2026 414 Views 0 comment Print

RBI has released draft amendment directions for commercial and small finance banks to strengthen Pillar 3 disclosures under Basel norms. The proposal focuses on transparency, governance, comparability, and improved risk reporting standards for banks.

ROC Imposes ₹2.5 Lakh Penalty for Failure to File Annual Return Under Section 92

May 19, 2026 141 Views 0 comment Print

ROC Patna penalized a company and its managing director for non-filing of annual return for FY 2018-19. The order highlights strict enforcement of Section 92 compliance under the Companies Act, 2013.

Company Fined ₹63,500 for Failure to File Annual Return

May 19, 2026 129 Views 0 comment Print

ROC Patna penalized a company and its Managing Director for failing to file the annual return for FY 2023-24. The order highlights strict enforcement of Section 92 compliance under the Companies Act, 2013.

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