ROC Uttar Pradesh penalized a company and its directors for failing to file the annual return for FY 2019-20 under Section 92(4). The ruling highlights strict consequences for non-filing of statutory annual returns under the Companies Act, 2013.
ROC Uttar Pradesh dropped penalty proceedings after confirming that Form MGT-14 had already been filed for approval of accounts. The ruling highlights that penalties under Section 117(2) cannot survive once compliance is verified.
ROC Uttar Pradesh imposed penalties on a company and its directors for non-filing of financial statements for FY 2019-20. The order highlights that incorrect attachments in Form AOC-4 cannot cure statutory non-compliance under Section 137 of the Companies Act.
FSSAI has provided a transition period until 1 July 2027 for compliance with new vegan logo specifications. The amendment focuses on standardized packaging and labeling practices.
The updated IFSCA framework creates a detailed regulatory structure for ship leasing activities in IFSCs, including operating and financial leases. The circular aims to strengthen India’s maritime finance ecosystem through GIFT City and other IFSCs.
SEBI clarified that renewable energy projects awarded through tariff-based competitive bidding by government entities qualify as PPP projects under InvIT Regulations. The ruling highlights that projects involving public authorities and private SPVs with risk allocation under PPAs satisfy PPP requirements.
RBI issued revised draft directions to regulate recovery practices of banks, NBFCs, and other regulated entities. The framework prohibits coercive recovery methods and introduces stricter borrower protection, transparency, and grievance redressal measures.
IFSCA clarified that IFSC Banking Units can avail voice broking services from registered TechFin and Ancillary Service Providers. The guidance aligns voice broking permissions with the IFSCA Banking Handbook and 2025 regulations.
The Central Government amended the HSNS Cess Rules, 2026 to streamline procedural and accounting requirements under Rule 35. The notification removes certain consultation and approval conditions to simplify administrative compliance.
ROC Patna penalized a company and its managing director for failure to file financial statements under Section 137(3) of the Companies Act, 2013. The order highlights that prolonged filing defaults can attract maximum statutory penalties.
