Certain clauses in Regulations 31A and 32 of the 2016 Liquidation Process Regulations were omitted to simplify compliance. The amendment applies prospectively to new liquidation cases, improving clarity for insolvency professionals.
ROC Kanpur penalized Chen Junfeng of Zu Moulds ₹50,000 under Section 450 for failing to file the DIR-3 KYC form, leading to DIN deactivation. Director must rectify and pay within 90 days.
ROC Kanpur levied a ₹5 lakh penalty on EAST ALPHA ALLIANCE TECHNOLOGY and two directors for failing to file the mandated DIR-12 form after a director’s resignation.
ROC Kanpur imposed a ₹1.5 Lakh penalty on three directors of EAST ALPHA ALLIANCE TECHNOLOGY PRIVATE LIMITED for violating Rule 12A by failing to file the mandatory DIR-3 KYC form.
ROC Delhi penalized a company for issuing its private placement offer letter before filing the required resolution with the Registrar, violating Section 42(3) of the Companies Act. The order highlights that even inadvertent lapses in securities issuance attract penalties.
From Oct 29, 2025, exports of chilled and frozen meat allowed only after proof of remittance to Meat Export Development Fund (MEDF), operated by APEDA.
IBBI dismissed an RTI appeal seeking Committee of Creditors’ voting details, holding that such information is not accessible under RTI Act and is exempt under Section 8(d).
IBBI First Appellate Authority rejected an RTI appeal from a homebuyer seeking claim details in CIRP of Ansal Properties, holding that information lies with Resolution Professional, not Board.
IFSCA has issued detailed norms on composition of MII boards, mandating diverse expertise and a transparent process for appointing and reviewing Public Interest Directors (PIDs).
SEBI has relaxed the disclosure requirements for audit committees and shareholders in related party transactions (RPTs), allowing smaller transactions below ₹10 crore or 1% of turnover to provide limited information under the new Annexure-13A format.
