NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance duties, requiring structured two-way engagement.
The government notifies a statutory industrial authority under section 10(46A) of the Income-tax Act. The ruling confirms eligibility while making compliance with the parent State Act a continuing condition.
The CBDT notified a statutory development authority for income-tax exemption under Section 10(46A), effective from AY 2025–26, subject to continued statutory functions.
The regulator notified comprehensive 2025 guidelines to govern NPS Vatsalya, detailing eligibility, contributions, investments, and withdrawals for minors. The move clarifies operations and ensures a structured transition to regular NPS on attaining adulthood.
Description: Detailed rules explain eligibility, timelines, and limits for the New Enrolment Incentive. Pension funds must meet the 80% new-subscriber threshold to qualify.
The appellate authority held that assigning zero or indeterminate values to major assets without adequate justification showed lack of due diligence. The matter was remanded for reconsideration with restrictions on future assignments.
SEBI extended the start date for additional distributor incentives after industry feedback highlighted system and process readiness issues, shifting implementation to March 1, 2026.
ROC Chennai held that failure to include key disclosures in the Board’s Report violates Section 134. Directors were penalised for statutory non-compliance.
ROC Chennai held that omission of allottee occupation in the return of allotment violates Rule 12(2). The lapse attracted penalty under the residual provision of Section 450.
Non-furnishing of full allottee information resulted in rejection of statutory filings and imposition of penalty. The ruling reinforces strict disclosure norms for allotments.
