The ROC imposed penalties on a Nidhi company and its Managing Director for non-filing of financial statements under Section 137(3) of the Companies Act, 2013.
ROC Patna penalized a company and its managing director for failing to file financial statements for FY 2016-17 under Section 137(3) of the Companies Act, 2013. The order highlights that continuous non-compliance can attract maximum statutory penalties.
SEBI has modified the Monthly Cumulative Report format for mutual funds following the introduction of new scheme categories. The revised reporting structure will apply from June 2026 onwards.
RBI has abolished the mandatory Investment Fluctuation Reserve requirement for commercial banks following changes in market risk and investment regulations. Banks must now transfer existing IFR balances to reserves or profit and loss accounts.
RBI has amended Investment Fluctuation Reserve norms for Small Finance Banks after identifying operational difficulties in maintaining IFR. The revised framework prescribes a minimum reserve linked to investment portfolio exposure.
RBI has amended Investment Fluctuation Reserve norms for Payments Banks after identifying operational challenges in maintaining IFR. The revised framework prescribes reserve creation linked to investment portfolio exposure and profitability.
RBI has abolished the Investment Fluctuation Reserve requirement for Local Area Banks following changes in prudential and market risk regulations. Existing IFR balances must now be transferred to statutory or general reserves.
RBI amended Investment Fluctuation Reserve norms for Urban Co-operative Banks after operational difficulties in maintaining IFR. The revised rules permit drawdown of excess IFR balances beyond the mandatory 5% threshold.
RBI has amended IFR maintenance norms for Rural Co-operative Banks after identifying operational difficulties in compliance. The revised framework mandates annual assessment of the reserve based on book value of current category investments.
The 2026 amendment directions modify how Regional Rural Banks must maintain IFR under RBI’s investment portfolio framework. Banks are now required to maintain IFR at a minimum of 2% of HFT and AFS portfolios.
