The adjudicating authority penalized a company for not maintaining the required number of directors liable to retire by rotation. The violation continued for over 700 days before being rectified.
The corrigendum addresses an incorrect naming in the previous notification. It substitutes the correct title without changing the substance of the rules.
The insurance regulator clarified that certificates of registration for intermediaries will now remain valid indefinitely. The change eliminates the earlier three-year renewal framework, subject to payment of an annual fee.
CBIC amends the customs jurisdiction under Notification 21/2022 to redefine areas under the Principal Commissioner of Customs, Visakhapatnam. The update clarifies coverage of ports, SEZs, airports, and multiple districts in Andhra Pradesh.
Banks holding currency chests were instructed to function normally on March 31, 2026, despite the holiday. The directive supports timely settlement of government transactions before the financial year closes.
The RBI directed rural co-operative banks to disclose timely payment or arrears of DICGC insurance premiums in their annual reports. The amendment strengthens transparency in financial reporting.
RBI directed urban co-operative banks to confirm in annual reports whether deposit insurance premiums were paid to DICGC on time. Any delay or arrears must also be clearly disclosed.
RBI amended disclosure rules requiring Regional Rural Banks to report whether DICGC deposit insurance premiums were paid on time. The change follows the Risk-Based Premium framework and strengthens financial transparency.
After DICGC introduced the Risk-Based Premium framework, RBI revised financial statement disclosure norms requiring Local Area Banks to report deposit insurance premium payment status.
RBI amended financial disclosure rules requiring payments banks to report DICGC deposit insurance premium payments and confirm whether they were made within prescribed timelines.
