New amendment directions require detailed disclosure of loans and contracts involving related parties. The move enhances transparency in credit exposure reporting.
The regulator has mandated detailed disclosure of loans and contracts with related parties by rural co-operative banks, enhancing transparency and credit risk oversight from April 2026.
NBFCs must disclose detailed loan and contract exposures to related parties, including NPAs and provisions, enhancing transparency and risk oversight from the new effective date.
RBI has amended financial statement disclosure norms to include granular reporting of related party exposures. The move strengthens oversight of credit risk and governance.
The Registrar held that failure to disclose the risk management policy in the Board’s Report violated statutory reporting obligations. The key takeaway is that directors remain personally liable even after company strike-off.
Non-maintenance of statutory registers triggered adjudication under company law. Officers in default were held personally liable despite liquidation.
The adjudicating authority held that non-appointment of an internal auditor despite crossing the statutory turnover threshold violated company law. Directors were personally penalised, reinforcing strict compliance with audit requirements.
The adjudicating authority held directors liable for non-filing of Form MGT-8 for an earlier financial year. Liquidation of the company did not shield officers from personal penalties.
The adjudicating authority held that failure to disclose deposits accepted from related parties violated mandatory Board report norms. The key takeaway is strict enforcement of deposit disclosure requirements under company law.
Failure to give proper prominence to proxy-related rights in AGM notices led to adjudication. A monetary penalty was imposed on the director under the Companies Act.
