ROC Bangalore adjudicates penalty against four directors of SHASHWATHA NIDHI LIMITED for violating Section 42(8) of the Companies Act by failing to provide complete allottee details (PAN, email, consideration particulars) in Form PAS-3 filed in 2017.
The company and its directors were penalized for not filing Form CHG-1 to register secured vehicle loans as required under Section 77 of the Companies Act, 2013. The adjudicating officer held that non-filing attracts penalties on both the company and officers in default.
PFRDA introduces new guidelines and a revised form for NPS subscriber onboarding. Learn about the updated digital and physical registration modes, various KYC options, and how CKYC/Bank CBS data simplifies enrollment.
PFRDA Circular 16 rationalizes NPS Auto Choice/Life Cycle Fund nomenclature for better transparency, renaming them to reflect risk (Low to Aggressive). It integrates them into the new Common Schemes (CS) under the Multiple Scheme Framework (MSF).
CBDT approves Institute of Advanced Medical Research & Innovations Forum for scientific research under Section 35(1)(iia) for AY 2025-26 to 2029-30.
Instruction 121 from the SEZ Division details the process for IT/ITES SEZ developers to convert demarcated Non-Processing Area (NPA) back to Processing Area (PA). The Development Commissioner is authorized to approve this reverse demarcation under Rule 11 of the SEZ Rules, 2006, provided the applicant has no claim for any duty refund.
PFRDA circular outlines revised NPS subscriber onboarding guidelines for PoPs. Details digital/physical modes, Face-to-Face/Non-Face-to-Face KYC methods, and simplified registration using CKYC identifier or Bank CBS records. PoPs must ensure compliance and accessibility.
A new facility in Invoice Management System (IMS) has been introduced on GST portal wherein taxpayers are allowed to keep credit notes as Pending for one tax period.
MCA has granted fee relaxation for annual filings for FY 2024–25 till 31 December 2025 due to new e-Form updates, though AGM deadlines remain unchanged.
Income Tax Notification No. 02/2025 approves M/s Mazumdar Shaw Medical Foundation for Scientific Research deduction under Section 35(1)(iia) from AY 2025-26 to AY 2029-30.
