ROC Chennai penalised a Nidhi company and its directors for incomplete allottee disclosures in Form PAS-3. The order clarifies that absence of PAN or e-mail details cannot excuse statutory non-compliance.
ROC Chennai penalised a Nidhi company and its directors for filing incomplete allottee details in Form PAS-3. The ruling clarifies that occupation details of allottees are mandatory under Rule 12(2) of the Companies Rules, 2014.
ROC Chennai penalised a company and its director for filing Form MGT-7 more than 500 days late under Section 92 of the Companies Act, 2013. The ruling confirms that annual return filing delays attract substantial penalties despite operational or legal difficulties.
ROC Chennai penalised a company and its director for delayed filing of Form MGT-14 relating to approval of financial statements and Board’s Report. The ruling reiterates that board resolutions under Section 179(3) must be filed within the prescribed statutory timeline.
ROC Chennai penalised a company and its director for delayed filing of financial statements under Section 137 of the Companies Act, 2013. The ruling confirms that prolonged litigation and staff shortage cannot excuse statutory MCA filing delays.
ROC Mumbai levied a penalty under Section 450 after a company incorrectly stated that CSR provisions were not applicable in Form AOC-4 XBRL. The order highlights that directors signing MCA forms are personally responsible for accuracy of disclosures and attachments.
RBI revoked the licence of a Mumbai-based co-operative bank after finding inadequate capital, poor earning prospects, and non-compliance with Banking Regulation Act provisions. The decision aims to protect depositors and safeguard public interest.
Notification 18/2026 amends concessional customs rates under India-UAE CEPA effective 13 May 2026. Importers claiming India-UAE CEPA benefits to face revised tariff concession structure under latest amendment.
Ministry of Finance hikes concessional import duty on gold, silver and platinum from 4.35% to 10% under Notification 57/2000-Customs effective 13 May 2026.
Customs Notification 16/2026 Changes AIDC Structure for Gold, Silver and Platinum Imports – New customs notification modifies AIDC rates for bullion, jewellery components and recycled precious metal imports.
