NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.
MCA has imposed a penalty on M/s Iyyanar Benefit Fund Nidhi Limited for violating Section 92(3) of Companies Act, 2013. Company failed to accurately disclose details of deposits and borrowings in their balance sheet, resulting in penalties being imposed.
IRDAI has issued a circular directing all life insurers to comply with Surrogacy Act, 2021, and ART Act, 2021. Circular emphasizes the need for suitable insurance products that provide coverage for medical expenses and specified loss or damage incurred during the processes of surrogacy and oocyte retrieval.
SEBI has issued the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2023. Learn about amendments and changes made to Mutual Funds Regulations in this notification.
Read the latest circular from SEBI regarding the provisions and upgradation of Investor Service Centres (ISCs) of stock exchanges. The circular outlines the basic minimum facilities to be provided, training requirements for officials, and the phased implementation of the circular.
MCA issued a penalty order against Manpur Rubber Industries Private Limited for non-filing of annual returns for multiple financial years and deactivation of DIN (Director Identification Number).
Learn about SOP for processing GST registration applications at Seva Kendra by Trade & Taxes Department in Delhi in 2023.
SEBI has introduced a supplementary process for trading in the secondary market, allowing blocked funds in investor’s bank accounts to be used instead of transferring them upfront to the trading member. This circular outlines the framework for trading supported by blocked amounts and provides guidelines for implementation and settlement processes.
Read the RBI circular dated June 23, 2023, regarding the status of MIFOR as a significant benchmark. The circular highlights the cessation of MIFOR publication after June 30, 2023, and provides the updated list of significant benchmarks administered by FBIL.
DGFT Notification No. 14/2023, has introduced amendments to Category 5B of Appendix 3 (SCOMET Items) to Schedule 2 of the ITCHS classification. The amendments simplify and liberalize the SCOMET policy for the export of drones and unmanned aerial vehicles (UAVs). The notification provides details on the revised categories, including exemptions and conditions for General Authorization for Export of Drones (GAED). Read more for a comprehensive analysis of the amendments and their impact.
