RBI releases updated draft formats for co-operative banks’ financial statements. Comments invited by February 21, 2025, to align with modern accounting standards.
TPI India Limited was fined ₹3,18,500 by the ROC for failing to appoint a woman director as required under Section 149(1) of the Companies Act, 2013.
Anheuser Busch InBev India Limited fined ₹9,00,000 for failing to hold mandatory independent directors’ meetings under Section 149 of the Companies Act, 2013.
Godrej Tyson Foods Ltd. penalized for failing to appoint a woman director under Section 149(1) of the Companies Act. Penalty includes fines for the company and officers.
Taxpayers can now file rectification applications for ITC demand orders under GST Notification 22/2024. Learn the process and download required forms online.
Notification designates DGGI-Hq official as nodal officer under IGST Act Section 14A(3) per IT Act and Intermediary Guidelines. Effective January 6, 2025.
Government specifies IFSC units exempt from tax collection under Section 206C(1H) for eligible purchases. Details outlined for buyers and sellers.
RBI’s Credit Information Reporting Directions 2025 standardize data reporting for financial entities, ensuring data accuracy, confidentiality, and improved credit transparency.
CBIC updates: Pension guide launched, GST evasion of ₹25 crores uncovered, and key officials retired. Insights into recent achievements and challenges.
The Environment Protection (End-of-Life Vehicles) Rules, 2025, detail vehicle recycling, centralized reporting, EPR obligations, and compliance standards starting April 1, 2025.
