The amendment revises eligibility and experience criteria for key personnel in fund management entities, allowing greater flexibility for professionally qualified candidates. The key takeaway is wider access to talent without diluting regulatory oversight.
Reserve Bank of India has issued draft guidelines to streamline loan resolution and relief measures for borrowers affected by natural calamities across banks, NBFCs, and financial institutions. The framework introduces a principle-based approach, special resolution windows, and continued ‘standard’ asset classification, with implementation proposed from April 1, 2026.
The government has approved an institution for scientific research under section 35(1)(ii), enabling donors to claim tax deductions. The key takeaway is that the approval is time-bound and subject to strict reporting and certification requirements.
Customs has replaced valuation tables while maintaining current tariff benchmarks. The move ensures consistency in import valuation practices.
The regulator has opened a three-month window allowing funds to extend expired or expiring PPMs. Eligible schemes can secure a six-month extension by meeting conditions and paying 50% of the filing fee.
The issue is accurate reporting of GST for notified tobacco goods. The takeaway is a step-by-step approach aligned with system validations and legal provisions.
Incomplete disclosures in MGT-14 during share allotment led to adjudication under the Companies Act. Reduced penalties were imposed after applying start-up and small company relief.
Failure to include mandatory disclosures in MGT-14 during share allotment led to adjudication. Start-up and small company relief under Section 446B resulted in reduced penalties.
ROC Mumbai held that omission of mandatory details in AOC-4 makes the authorised signatory liable. A ₹10,000 penalty was imposed for violation of filing rules.
The adjudicating authority held that omission of mandatory documents and incorrect disclosure in PAS-3 violated Section 42. Monetary penalties were imposed with directions to rectify the filing.
