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Notifications/Circulars

CA Reprimanded by ICAI Disciplinary Committee for issuing unverified certificate

July 26, 2025 1011 Views 0 comment Print

ICAI Disciplinary Committee reprimands CA. Jayaraman Dindigul Viswanathan for professional misconduct in issuing an unverified certificate, leading to revenue loss.

SOPs for sending notice to parties for hearing of cases before ITAT Bench

July 25, 2025 1251 Views 0 comment Print

The ITAT Delhi has revised its hearing notice protocols. Physical notices will now be sent only once, with subsequent dates available online and via email.

MCA Penalizes Officer for 359-Day Delay in Filing SBO Declaration

July 25, 2025 543 Views 0 comment Print

VERMES MICRODISPENSING INDIA Private Limited and its directors were fined by the ROC for a delay of 359 days in filing a declaration of a significant beneficial owner.

ROC Imposes Penalty for carrying on business outside MOA authorised objects

July 25, 2025 900 Views 0 comment Print

The ROC Ahmedabad has imposed a penalty on GUJARAT PEANUT AND AGRI PRODUCTS LTD. and its directors for operating outside its Memorandum of Association for over five years.

IRDAI Master Circular on Rural, Social Sector & Motor Third Party Obligations

July 25, 2025 2796 Views 0 comment Print

IRDAI’s Master Circular for 2025-27 sets mandatory insurance coverage targets for rural, social, and motor third-party sectors for all Indian insurers.

RBI includes Deogiri Nagari & Ahmednagar Merchant’s Bank in Second Schedule

July 25, 2025 939 Views 0 comment Print

RBI includes Deogiri Nagari Sahakari Bank and Ahmednagar Merchant’s Co-op Bank in Second Schedule of the RBI Act, 1934, per notifications dated July 25, 2025.

Corrigendum to DGFT Notification No. 40/2024-25 dated 26.11.2024

July 25, 2025 1179 Views 0 comment Print

DGFT issues corrigendum to Notification No. 40/2024-25, correcting export order reference from S.O. 7624(E) to S.O. 5068(E) under FTP 2023.

ICAI Caps Tax Audit Limits at 60 per partner from 1st April 2026

July 25, 2025 14799 Views 0 comment Print

ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidelines.

DFIA Scheme: Clarifying Input-Export Correlation Rules

July 24, 2025 1071 Views 0 comment Print

CBIC clarifies DFIA scheme rules: Technical input-export correlation is only for specific items under FTP 2023 para 4.29; other inputs only need name and quantity declaration.

IFSCA (Fund Management) (Amendment) Regulations, 2025

July 24, 2025 2310 Views 0 comment Print

The IFSCA has amended its Fund Management Regulations, introducing provisions for third-party fund management services within International Financial Services Centres (IFSCs).

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