The ROC Ahmedabad penalized the company and its director for failing to appoint independent directors and constitute an audit committee within the mandated timeline. The order outlines the default period, penalty amounts, and compliance requirements.
The ROC Ahmedabad levied penalties for failing to appoint a Company Secretary within the required timeframe after capital increase triggered Section 203 compliance. The order details the 408-day delay and the imposed penalty amounts.
ROC Delhi levied penalties for not preparing and keeping minutes and attendance registers for seven board meetings, stressing the mandatory record-keeping requirements under Section 118.
The order holds directors liable for not providing mandatory interest disclosures in initial board meetings. Penalties were levied under Section 184(4) for procedural non-compliance.
RBI directs regulated entities to update their sanctions screening after two names are removed from the ISIL and Al-Qaida list, reinforcing mandatory UAPA procedures.
The guidelines clarify that relief measures will not be treated as restructuring and will not lead to asset-classification downgrade. They also require lenders to create additional provisions and ensure borrower credit histories remain unaffected.
Revised tariff values have been notified for oils, metals, and precious metals, aligning customs valuation with current global market prices.
CBIC removes export duty on cane molasses and reduces basic customs duty on crude olive pomace oil through amendments to earlier customs notifications.
A recent amendment increases the deadline for realising export proceeds from nine to fifteen months, offering exporters greater flexibility in meeting FEMA requirements.
The notification introduces Aggressive and Balanced Life Cycle Funds under NPS and UPS, offering higher equity exposure and age-based tapering to improve retirement planning flexibility.
