RBI has withdrawn the requirement for prior approval of tie-ups between AD banks and non-bank remittance platforms. The new framework shifts full compliance responsibility to Authorised Dealers while strengthening transparency and customer protection measures.
The IBBI Amendment Regulations, 2026 introduce nominee directors on IPA governing boards and strengthen oversight mechanisms. The changes aim to enhance transparency, accountability, and regulatory supervision in insolvency professional agencies.
ROC Chennai penalised a company and its director for failing to disclose PAN and e-mail IDs of allottees in Form PAS-3. The order highlights strict compliance requirements under Rule 14(6) of the Companies Act framework.
ROC Chennai penalised a Nidhi company and its directors for incomplete allottee disclosures in Form PAS-3. The order clarifies that absence of PAN or e-mail details cannot excuse statutory non-compliance.
RBI revoked the licence of a Mumbai-based co-operative bank after finding inadequate capital, poor earning prospects, and non-compliance with Banking Regulation Act provisions. The decision aims to protect depositors and safeguard public interest.
CCI directed investigation into allegations that certain liquor manufacturers and distributors entered into restrictive agreements to increase market share and influence retail supply patterns.
SEBI has fixed a uniform 30-day lag for sharing and using market price data for educational purposes after concerns over misuse and impractical restrictions. The circular also grants NISM limited one-day access for simulation labs.
CESTAT Chennai held that Extraneal Peritoneal Dialysis Solution was correctly classifiable under CTH 9018 as the issue had already been decided in the importer’s favour and upheld by the Supreme Court.
ROC Mumbai imposed penalty for possessing duplicate Director Identification Numbers in violation of Section 155. The ruling highlights that even inadvertent duplicate DIN allotment can attract continuing penalties.
ROC Mumbai held that even clerical mistakes in DIR-12 can attract penalty under Section 450 when incorrect information is certified in MCA filings. The ruling highlights the responsibility of authorized signatories to ensure accuracy of e-forms.
