The DGFT amended procedures to allow import and export of gems and jewellery parcels through Ahmedabad Airport. The update expands approved airports under Paras 4.87(a) and 4.88.
SEBI allows SWAGAT-FIs to pay renewal fees every ten years and removes standard investment caps. The amendment is designed to encourage long-term foreign venture capital investment in India.
SEBI amends FPI Regulations to create Single Window Automatic and Generalised Access for Trusted Foreign Investors, simplifying registration and participation requirements.
The ROC penalised a company for issuing bonus shares without completing mandatory dematerialisation. The order highlights strict enforcement of Section 29 and Rule 9A compliance requirements.
The ROC penalised the company and officers for failing to dematerialise securities before issuing bonus shares, as required under Section 29 and Rule 9A. The ruling reinforces mandatory demat compliance for unlisted public companies.
Jayurance Healthcare and its officers were penalized under Section 12(8) of the Companies Act for non-compliance, emphasizing accountability and timely statutory adherence.
A company and its directors were penalized under Section 90(11) of the Companies Act for failing to issue notices to Significant Beneficial Owners, emphasizing regulatory accountability.
The ROC held that a one-day delay in filing Form PAS-3 violated Section 42(8), attracting penalty under Section 42(9). The company and its directors were collectively fined Rs. 500, apportioned individually.
Naturedge Beverages and its directors were penalized for misstating the number and dates of board meetings in the FY 2022-23 Directors Report.
Naturedge Beverages was penalized for failing to report three board meetings in the Annual Return, highlighting the need for accurate statutory compliance.
