To ease compliance for research analyst firms, SEBI created a separate certification module for sales and relationship managers who interact with clients but do not perform research functions.
RBI instructed financial institutions to ensure no accounts exist in the names of individuals or entities listed under the updated UN Taliban sanctions list as part of anti-terror compliance.
IFSCA released draft guidelines seeking public comments to recognise credit risk mitigation techniques and allow capital relief for factoring transactions in IFSC.
The adjudicating authority held that incorrect information in Form AOC-4 XBRL violated Rule 8(3) of the Companies Rules. Penalties were imposed on the director and the certifying CA responsible for the filing.
Despite a 595-day delay in filing financial statements under Section 137, ROC imposed no penalty because the company rectified the default before the adjudication notice. The ruling highlights relief available under Section 454(2).
ROC levied a ₹2 lakh penalty on the company and ₹50,000 each on directors for failure to file annual returns. The decision highlights consequences of prolonged non-compliance under Section 92.
ROC Chennai imposed the maximum statutory penalty after a company failed to file financial statements for FY 2014–15 and did not respond to notices. The order highlights strict enforcement of Section 137 compliance.
ROC Chennai penalized a company and its directors for filing the annual return 877 days late under Section 92. The order highlights strict enforcement of statutory filing timelines.
ROC held that although financial statements were filed with a 229-day delay, no penalty was imposed as the company rectified the default before the adjudication notice.
ROC Chennai held that despite a 199-day delay in filing Form MGT-7A, no penalty would be imposed as the company rectified the default before the adjudication notice was issued.
