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Corrigendum to Notification 05/2025 – Integrated Tax (Rate)

January 31, 2025 1695 Views 0 comment Print

Corrigendum issued for Notification 05/2025 – Integrated Tax (Rate), correcting references in the Gazette of India dated 16th January 2025. Details updated for accuracy.

Tariff Values of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver from February 1, 2025

January 31, 2025 1065 Views 0 comment Print

Notification 06/2025 revises customs tariff values for crude palm oil, RBD palm oil, gold, silver, and other commodities, effective 1st February 2025.

IBBI Amends Liquidation and Voluntary Liquidation Regulations

January 31, 2025 492 Views 0 comment Print

IBBI updates liquidation regulations, improving auctions, reporting, tax disclosures, and fund management. New rules enhance efficiency and transparency.

Valuers should Disclose All Relevant Information in Valuation Reports: IBBI

January 31, 2025 552 Views 0 comment Print

IBBI reviews a valuer’s report, stressing transparency in valuation methods. The order highlights compliance with disclosure rules for accurate assessment.

IBBI warns valuer for failure to disclose key reference data

January 31, 2025 453 Views 0 comment Print

IBBI reviews valuation report compliance under Valuation Rules, 2017. The order highlights disclosure requirements and directs adherence to transparency norms.

Failure to Appoint Resident Director: MCA reduces Penalty from ₹6 Lakh to ₹60000

January 31, 2025 927 Views 0 comment Print

Vishnupriya Hotels’ appeal led to a penalty reduction for non-compliance with Section 149(3) of the Companies Act. The company paid Rs. 60,000 after adjudication.

Internal Auditor Appointment Delay: MCA reduces Penalty

January 31, 2025 942 Views 0 comment Print

Konoria Plaschem faced penalties for failing to appoint an internal auditor from 2014-2020. The fine was reduced on appeal. Read the case details.

Board Meeting Lapses: MCA reduces Penalty from ₹28.5 Lakh to ₹2.85 Lakh

January 31, 2025 789 Views 0 comment Print

Water & Sanitation (India) for Urban Poor failed to hold board meetings from 2011-2019, leading to penalties. The fine was later reduced on appeal.

Framework for Technology-Based Monitoring of System Audits of Stock Brokers

January 31, 2025 966 Views 0 comment Print

SEBI introduces a framework for monitoring stock brokers’ system audits through technology-based measures, focusing on standardization and compliance mechanisms.

Govt. of India withdraws Track and Trace system for drug exports

January 31, 2025 1734 Views 0 comment Print

Govt. of India withdraws Track and Trace system for drug exports; authentication will now be handled by the Ministry of Health under Drug Rules 1945.

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