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Notifications/Circulars

Govt Allows Yellow Peas Import “Free” Subject to IMS Registration

December 24, 2024 216 Views 0 comment Print

India extends yellow peas import deadline to February 28, 2025, under ITC(HS) Code 07131010. Free import with registration and no MIP or port restrictions apply.

SION/Adhoc Norms for Menthol Re-instated

December 24, 2024 243 Views 0 comment Print

DGFT reinstates SION norms for menthol imports under ITC(HS) codes 29061110 and 29061190, effective immediately, easing Advance Authorisation compliance.

Non-compliance with Section 118(10) Companies Act: MCA imposes Penalty

December 24, 2024 26040 Views 0 comment Print

Anheuser Busch InBev India penalized ₹1,50,000 for violating Section 118 of the Companies Act, 2013, related to secretarial standards in Board meetings.

Non Compliance with Secretarial standard provisions: MCA imposes Penalty 

December 24, 2024 750 Views 0 comment Print

The MCA fined Anheuser Busch InBev India ₹1.5 lakh for non-compliance with Section 118(10) of the Companies Act, 2013, regarding secretarial standards from FY 2020–2023.

MCA imposes ₹3,00,000 for Penalty for Violation of Section 12 of Companies Act

December 24, 2024 1311 Views 0 comment Print

Surging Spring Technology Pvt. Ltd. faces penalties for violating Section 12 of the Companies Act, 2013, following non-maintenance of its registered office.

ICEGATE Introduces Electronic Voluntary Payment Facility

December 23, 2024 2022 Views 0 comment Print

ICEGATE now allows voluntary payments electronically, replacing manual TR-6 payments. The facility is available for past import/export duties.

Advisory for Receipt Numbers in E-Way Bill System for Leased Wagons

December 23, 2024 795 Views 0 comment Print

Learn about new guidelines for entering receipt numbers for leased wagons in the E-Way Bill system, effective from January 1, 2025.

Guidelines on setting up & operation of International Trade Finance Service Platform

December 23, 2024 207 Views 0 comment Print

IFSCA issues updated guidelines for setting up and operating International Trade Finance Service Platform, effective immediately, under the Finance Company Regulations, 2021.

NFRA Penalizes Auditors of DB Realty Ltd for Misconduct

December 23, 2024 5724 Views 0 comment Print

National Financial Reporting Authority (NFRA) has penalized CA Chetan Desai and CA Rakesh Rathi, partners at Haribhakti & Co. LLP, for professional misconduct during the audit of DB Realty Limited (now Valor Estate Limited) for the financial year 2015-16. Following information provided by SEBI in 2022, NFRA initiated an examination revealing significant lapses in auditing […]

NFRA Penalizes Deloitte LLP and Partners for Audit Misconduct

December 23, 2024 10578 Views 0 comment Print

The National Financial Reporting Authority imposes penalties on Deloitte and auditors for misconduct in the ZEEL audit, resulting in penalties and debarment.

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