The Centre has amended rules governing part-time appointments to the national financial reporting regulator. The move updates the list of senior officials nominated from key oversight institutions.
Clear timelines for realisation, extensions, and reductions are prescribed with enhanced oversight by Authorised Dealers. This strengthens monitoring of export proceeds.
The regulator held that handing over management and operations to the suspended board without CoC approval violates core CIRP duties. The key takeaway is that IRPs/RPs must retain control and seek approval or ratification for any delegation.
The government has continued concessional interest support on short-term farm and allied activity loans through KCC. Prompt repayment can reduce the effective interest rate to 4%.
The regulator held that partial disclosure in balance sheet notes is insufficient under section 134. Listed companies must make clear and complete related party disclosures.
The regulator held that Annual Reports are official publications mandatorily requiring CIN disclosure. Repeated non-compliance led to the maximum penalty on both the company and its officers.
Authorised dealer banks must follow the 2026 regulations for all cross-border guarantees. The circular ensures uniform compliance and updated reporting practices.
ROC Chennai ruled that boards must explain every audit qualification or adverse remark. Non-compliance resulted in penalties under the Companies Act.
ROC Chennai held that failure to disclose ICC compliance in the Board’s Report violates Section 134. The company and defaulting directors were penalised accordingly.
The circular permits CRAs to share subscriber details with Pension Funds under the MSF framework. The key takeaway is that data sharing is limited, purpose-driven, and subject to strict privacy safeguards.
