The circular addresses confusion under FTP 2023 on chemical warehousing. It confirms that industrial chemicals can be stored in bonded warehouses subject to regulatory compliance.
DGFT has rolled out real-time NPCI validation for bank accounts in IEC issuance and modification. Applications will now depend on NPCI validation status to proceed, auto-approve, or face rejection.
SEBI issued a master circular bringing all investment adviser regulations under one document. Earlier circulars are rescinded, but past actions and liabilities continue unaffected.
SEBI issued a unified master circular compiling all rules applicable to Registrars and Share Transfer Agents. Earlier circulars are rescinded, while past actions and liabilities remain fully protected.
The regulator issued a comprehensive master circular compiling all directions applicable to research analysts. Earlier circulars are rescinded, while past actions and liabilities remain protected.
SEBI has required AIFs to report unit NAVs to depositories within a defined timeline. The move strengthens transparency, standardises disclosures, and improves investor visibility.
The Insolvency and Bankruptcy Board of India issued a circular introducing electronic forms to monitor insolvency resolution processes for personal guarantors. The move replaces email reporting to improve efficiency, transparency, and structured record-keeping.
The adjudicating authority held that failure to maintain the statutory register of members is a clear violation of Section 88. Such non-compliance attracts monetary penalties on both the company and its directors.
Authorities held that non-holding of Board meetings since incorporation is a serious governance lapse. Directors were personally penalised for violating mandatory meeting requirements under company law.
Failure to file AOC-4 for multiple years led to penalties under Section 137(3). The order reiterates that statutory timelines are mandatory and enforceable through adjudication.
