The authority penalized directors for entering into non-cash transactions without prior approval through a special resolution. It reinforces that shareholder consent is mandatory for such arrangements under Section 192.
The authority penalized the company for submitting incomplete and inconsistent member data under Rule 14(6). It held that technical issues or pending approvals do not justify defective statutory disclosures, reinforcing strict compliance standards.
The authority penalized the company for failing to file return of allotment under Section 39(4), rejecting the argument of MCA portal issues. The key takeaway is that technical difficulties do not excuse statutory non-compliance.
The authority imposed penalty for failure to file SH-7 after increasing authorised capital. The key takeaway is that statutory filings cannot be skipped even due to technical issues.
The amendment introduces a system where assets from foreign contributions vest in a designated authority upon cancellation or cessation of registration. This ensures better control and prevents misuse of foreign-funded assets.
The CCPA held that charging LPG or fuel surcharges separately is an unfair trade practice. Such costs must be included in menu prices, and separate recovery from consumers is not permitted.
The Court held that membership cannot be granted where the underlying flats do not exist and are merely refuge areas. It ruled that agreements for such spaces are invalid and cannot confer membership rights, restoring the earlier rejection order.
SEBI introduced a verified badge on Google Play to help investors identify genuine trading apps. The move aims to prevent fraud caused by impersonation of legitimate platforms.
SEBI has clarified that members of the Institute of Cost Accountants of India are now eligible to conduct annual compliance audits of Research Analysts. This expansion strengthens regulatory compliance while increasing the pool of qualified professionals.
SEBI expanded audit eligibility to include cost accountants for Investment Advisers. The ruling broadens the professional base and strengthens compliance oversight.
