Non-filing of FY 2020-21 Annual Return led to Rs. 1.48 lakh company and Rs. 50k officer penalty, highlighting strict compliance enforcement under Section 92(5).
ROC Mumbai imposed penalties for non-compliance with Section 12(1) of the Companies Act as the company failed to maintain its registered office despite change filings.
CBIC Instruction 32/2025 mandates synchronizing the ITC (HS) 2022 Import Policy with the Finance Act 2025, following DGFT Notification 44/2025-26. Officials must be sensitized to the amended HS codes and notes.
The ROC Kanpur imposed penalties for not maintaining consecutively numbered minutes, holding it as a breach of Section 118(11) and Secretarial Standards.
The ROC Mumbai levied ₹1 lakh each on a company and its directors for failing to maintain a registered office in violation of Section 12(1) of the Companies Act.
The Registrar ruled that income classified as “Other Income” under accounting standards does not amount to deviation from main business objects under the Companies Act.
The ROC Mumbai found no contravention under Section 4(1)(c) of the Companies Act after verifying that the company operated within its amended MoA, leading to no penalty.
A High Level Committee set up by SEBI reviewed policies on conflict of interest and disclosures for its Members and Officials, recommending stronger governance and transparency measures.
The Finance Ministry notifies the India-Belgium protocol amending the 1993 tax treaty, effective June 26, 2025, updating definitions, information exchange, and tax collection assistance provisions.
The RBI excludes 19 regional rural banks from the Second Schedule, changing their official recognition and regulatory status under the RBI Act.
