Latest Articles
Reclassification from Promoter to Public: Eligibility, Process, Draft Resolution & Checklist
SEBI : Regulation 31A lays down strict eligibility and compliance requirements for promoter reclassification. The key takeaway is that lo...
Duplicate DIN Penalised Even If Unintentional
Company Law : Holding more than one DIN is treated as a continuing default under law. Even genuine mistakes attract penalties, though early corr...
Gifting to Shareholders – Courtesy or an Inducement in Disguise?
Company Law : The framework restricts distribution of gifts at or in connection with general meetings. The ruling highlights that such practices...
Life Imprisonment Greater Punishment Than Death: Madras HC in Sexual Assault Case
Corporate Law : The Court reduced the death penalty to life imprisonment after finding the case did not satisfy the strict capital punishment thre...
A Comprehensive Guide to India’s 2026 Startup Redefinition
Corporate Law : The updated framework doubles turnover limits and expands eligibility to cooperatives. At the same time, it introduces strict rule...
Latest News
IFSCA Approves Capital Raising Frameworks to Enable Efficient Fund Mobilisation in IFSC
Finance : The Authority introduced frameworks for preferential issues, QIPs, and rights issues to streamline capital raising. The move aims ...
SEBI Proposes New Variable Net Worth Rules Due to Upstreaming Impact on Client Funds
SEBI : The consultation highlights that existing net worth calculations based on retained client funds are no longer effective. A revised...
SEBI Proposes CUSPA Reforms Due to Operational Challenges in Handling Unpaid Securities
SEBI : The draft circular addresses issues in managing unpaid client securities and proposes changes to the existing pledge framework. It...
ICSI Invites Stakeholder Feedback to Revise Company Secretary Course Syllabus
Company Law : The Institute has proposed syllabus changes to align with modern industry, regulatory, and technological needs. Stakeholders are i...
Representation on Cancellation of GST Registration & Refund Processing
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Latest Judiciary
Telangana HC Rejects Vires Challenge to Section 16(2)(c); Permits Delayed GST Appeal
Goods and Services Tax : The court refused to entertain a constitutional challenge raised to bypass limitation. It allowed filing of appeal with delay cond...
Excess ITC Case: Telangana HC Declines Vires Challenge to Section 16(2)(c)
Goods and Services Tax : The court declined to examine the constitutional validity of Section 16(2)(c) in absence of clear factual basis. It held that disp...
GST ITC Denial on GSTR-2A Mismatch: Telangana HC Allows Rectification Route
Goods and Services Tax : The court addressed denial of input tax credit due to mismatch with GSTR-2A and missing invoices. It allowed the taxpayer to seek ...
Rs. 2.52 Cr Addition Set Aside – Ex-Parte Assessment Restored Due to Communication Failure & Lack of Opportunity
Income Tax : ITAT found that assessment and appeal orders were passed without proper opportunity due to communication issues. The case was rema...
On-Money Addition Deleted – No Evidence Beyond Third-Party Pen Drive & Statements
Income Tax : ITAT Mumbai deleted Section 69 addition for alleged on-money as no direct evidence linked assessee. Pen drive data lacked Section ...
Latest Notifications
Duty Drawback Rate of Gold jewellery & Silver Jewellery/Articles revised
Custom Duty : Government revises AIR of duty drawback for gold and silver jewellery under Notification 41/2026-Customs (N.T.) dated April 24, 20...
SEBI allows net settlement of funds for transactions done by FPIs in cash market
SEBI : SEBI addressed concerns over high funding costs caused by gross settlement requirements. It permitted netting for outright transac...
Hirnoda (Jaipur) Notified for Import Export Handling, Kishangarh Entry Renumbered
Custom Duty : The issue involved expanding customs-notified locations to improve trade logistics. The amendment adds Hirnoda as an authorized po...
Instructions for time bound processing of RoDTEP and RoSCTL scrolls
Custom Duty : This instruction tackles delays in rebate disbursal by enforcing a strict three-day processing timeline. The key takeaway is that ...
DIR-3 KYC Delay Now Costs ₹5,000 and amendement costs ₹500
Company Law : The issue concerns compliance delays in director KYC filings. The amendment imposes a ₹5,000 penalty for late submission, reinfo...
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FAQs
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead to strict regulatory action, including strike-off.
This explains why operating a payment system without RBI approval is prohibited under law. The framework ensures only compliant and vetted entities can handle financial transactions, safeguarding systemic integrity.
Overview of the Constitution (106th Amendment) Act, 2023 covering women’s reservation in Parliament and Assemblies, its scope, timeline, and conditions.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
