ROC Vijayawada imposed a Rs. 75,000 penalty on three directors of Three Seasons Exim Ltd. for failing to issue the mandatory 7-day notice for two 2017 board meetings.
PFRDA Circular mandates Source Nodal Office authorization for all NPS Inter-Sector Shifting and Exit Requests for Government sector subscribers, effective immediately.
IFSCA consolidated circular revises eligibility for Qualified Jewellers (minimum Rs.15 Cr net worth) importing gold/silver via IIBX. Details TRQ imports, remittance, and AML
SEBI and exchanges simplify penalties for stock brokers (w.e.f. 10/10/2025). ‘Financial disincentive’ replaces ‘penalty’ for procedural lapses; framework standardized to avoid multiple penalties.
DGFT issued a Corrigendum on October 10, 2025, removing Circular from the SION C888 export description for stainless steel washers, effective immediately.
DGFT amends import policy: Sulfadiazine API imports with CIF value less than Rs. 1,774/kg are Restricted until Sep 30, 2026. Exemption for Advance Authorization, EOU, and SEZ units is provided.
India mandates REEIMS registration for imports of specific components (Ch 70, 73, 84, 85) used in solar and wind energy projects, effective November 1, 2025.
DGFT introduces new SION C-2049 for Mobile Phone exports, detailing ‘Net-to-Net’ input norms for over 70 components. This standard allows RAs to issue Advance Authorization directly.
ROC Delhi held that unscored or uninitialed blank pages in minutes constitute non-compliance under Section 118(11). A ₹25,000 penalty was levied on the company and ₹5,000 each on defaulting directors.
ROC Delhi penalized a company and its directors for failing to properly bind board meeting minutes for FY 2017–18, holding it a violation of Section 118(11) read with Secretarial Standards SS-1 and SS-2.
