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Notifications/Circulars

Customs Revises Tariff Values for Oils, Metals & Areca Nuts wef 04.02.2026

February 3, 2026 840 Views 0 comment Print

The notification substitutes tariff value tables under the Customs Act for key commodities. It reaffirms existing tariff values and provides clarity on valuation benchmarks effective 4 February 2026.

NSE Proposes XBRL-Based Filing for QIP Applications

February 3, 2026 603 Views 0 comment Print

The exchange has proposed replacing PDF-based QIP filings with a structured XBRL framework. The move aims to standardise disclosures and improve regulatory monitoring efficiency.

MCA imposes Penalty despite Suo Motu Disclosure of Lapse in Share Issuance

February 3, 2026 465 Views 0 comment Print

The company admitted procedural non-compliance in disclosures linked to securities issuance and sought adjudication voluntarily. Despite the absence of mala fide intent, penalties were imposed for violation of capital-raising rules.

Wrong Particulars in AOC-4 Trigger Penalty Despite Rectification Request: ROC Kolkata

February 3, 2026 228 Views 0 comment Print

The order underscores that MCA records are public and relied upon by stakeholders, making precision in filings non-negotiable. Any incorrect particulars can invite penalties on both the company and the signatory.

Incorrect AGM Details in Annual Return Attract ROC Penalty despite post-filing rectification

February 3, 2026 354 Views 0 comment Print

The ROC ruled that filing an annual return with wrong AGM dates violates statutory obligations. Subsequent requests to mark the form defective do not nullify penalty liability.

MCA imposes Penalty for failure to attach registered valuer’s report with PAS-3 for debenture allotment

February 3, 2026 534 Views 0 comment Print

The order deals with failure to attach a registered valuer’s report while filing PAS-3 for debenture allotment. It confirms that such procedural lapses attract penalties under company law.

Penalty imposed for failure to attach registered valuer’s report with Form PAS-3

February 3, 2026 438 Views 0 comment Print

The ROC held that failure to attach a registered valuer’s report with Form PAS-3 violates Section 39 of the Companies Act. Even a procedural lapse attracts penalty, though relief may apply to eligible startups.

Customs Moves to Full Automation of Import and Export Clearances

February 2, 2026 1776 Views 0 comment Print

The circular mandates auto goods registration, Auto OOC, and Auto LEO to reduce physical interface and delays. It confirms that risk-based systems will drive faster and more predictable customs clearances.

New Compliance Requirement for POPs on NPS Grievance Reporting

February 2, 2026 354 Views 0 comment Print

POPs must log offline grievances using CRA CGMS credentials. The measure ensures comprehensive data for regulatory oversight and timely resolution.

IBBI Cancelled Valuer Registration for Loss of Mandatory RVO Membership

February 2, 2026 426 Views 0 comment Print

The authority noted refusal to respond to the show cause notice and unwillingness to continue practice. Cancellation followed due to failure to meet eligibility conditions.

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