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RBI Issues New Gold & Silver Loan Directions

June 6, 2025 5208 Views 0 comment Print

RBI introduces unified directions for lending against gold and silver collateral, effective April 1, 2026, standardizing norms for banks and NBFCs, and enhancing borrower protection.

Anti-Dumping Duty on Vitamin-A Palmitate Imports from China, EU & Switzerland

June 6, 2025 1065 Views 0 comment Print

India’s Ministry of Finance imposes anti-dumping duty on Vitamin-A Palmitate imports from China, EU, and Switzerland for five years, effective June 6, 2025, to counter dumping and protect domestic industry.

India Imposes Anti-Dumping Duty on Insoluble Sulphur

June 6, 2025 1521 Views 0 comment Print

India’s Ministry of Finance imposes anti-dumping duty on Insoluble Sulphur imports from China PR and Japan to address dumping and protect domestic industry.

ICAI Expands Southern India Presence in Telangana

June 6, 2025 1032 Views 0 comment Print

ICAI establishes new branches in Khammam and Nizamabad, Telangana, effective May 27, 2025. Hosapete is detached from the Ballari branch jurisdiction.

MCA Amends XBRL Filing Rules from July 14, 2025

June 6, 2025 12642 Views 0 comment Print

MCA mandates attachment of signed financial statements in PDF with AOC-4 XBRL from July 14, 2025, via amendment to XBRL filing rules.

Postal Dept Eases Married Daughter Compassionate Hiring

June 5, 2025 714 Views 0 comment Print

Department of Posts has issued a one-time relaxation, allowing manual processing for compassionate engagement cases of married daughters of deceased GDS, registered before June 27, 2024.

MCA Imposes Penalty for Delayed Board Meeting Under Section 173(1)

June 5, 2025 849 Views 0 comment Print

The ROC has issued an order against Charles River Laboratories India Private Limited for failing to hold a board meeting on time, a violation of Section 450 of the Companies Act, 2013.

CBIC Instruction on FSSAI-BFDA Agreement Implementation

June 5, 2025 507 Views 0 comment Print

CBIC issues Instruction No. 14/2025 on FSSAI-BFDA pact, updates list of Bhutan’s approved units; no change in certificate format or compliance rules.

Section 446B Relief in Penalties Applies to Companies, Not Auditors

June 5, 2025 8415 Views 0 comment Print

Regional Director clarified that Section 446B, which offers relief to One Person Companies or Small Companies, is applicable to the company itself and not to its auditor. Therefore, the auditor could not use this defense to reduce the penalty.

Auditor Penalty Upheld for Companies Act Section 143 Violation

June 5, 2025 969 Views 0 comment Print

Regional Director upholds ₹5,000 penalty on C.A. Manish Maheshwari for Section 143 Companies Act violation regarding audit report non-compliance.

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