IBBI suspends Insolvency Professional Rita Gupta for six months due to regulatory violations in a liquidation case. Investigation ordered for RP Rakesh Takyar.
Key updates on Indian Customs, including trade facilitation, GST awareness, sports events, and major enforcement actions on tax evasion and counterfeit goods.
Passports (Amendment) Rules, 2025, update proof of date of birth requirements for passport applications, effective from 24th February, 2025
SEBI modifies the Investor Charter for stock brokers to enhance investor protection, transparency, and grievance redressal. New provisions effective immediately.
RBI releases Directions 2025 for forward contracts in government securities, applicable from May 2, 2025, outlining eligibility, settlement, and market regulations.
RBI invites public comments on draft circular regarding foreclosure charges and pre-payment penalties on loans. Stakeholders can submit feedback by March 21, 2025. Final circular issuance to follow public consultation.
RTI Act grants access to existing records only; public authorities need not provide opinions, clarifications, or policy recommendations, as emphasized by CIC and SC precedents.
RTI Act permits access only to information held by a public authority and does not require the creation or interpretation of information. The authority found that inquiries regarding investigation status or actions taken by IBBI officials amounted to seeking opinions or advice, which falls outside the scope of the RTI Act.
IBBI suspends valuer Nitin Ashok Garg for six months due to valuation report discrepancies in East Coast Energy liquidation case.
IBBI suspends Sujit Shrikant Joglekar for six months due to valuation discrepancies in East Coast Energy liquidation.
