The case involved failure to file mandatory Form MR-1 for appointment of a Whole-Time Director. The authority held that prolonged non-compliance constituted a continuing default and imposed maximum penalties under Section 450.
The company delayed appointment of independent directors despite crossing the threshold. The authority held that prolonged non-compliance attracts maximum penalty under the Companies Act.
The issue involved non-compliance with statutory requirements for maintaining board meeting minutes. The authority held that procedural lapses still attract penalties under Section 118.
The authority dropped penalty proceedings after finding that the company had already shifted its registered office and the error was unintentional. Timely compliance and lack of mala fide intent proved crucial.
The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity of registration subject to compliance.
The circular responds to reduced investor activity affecting public issue timelines. SEBI extended observation validity subject to compliance confirmation. The measure supports issuers while ensuring adherence to disclosure norms.
DGFT amended rules to require Certificates of Origin to be issued only through a designated electronic platform. Manual issuance is prohibited and may lead to cancellation of authorization.
The amendment mandates that Certificates of Origin can only be issued by DGFT-authorised agencies. It also introduces strict invoice matching requirements to ensure automated verification and compliance.
SEBI provided a one-time relaxation from penalties for MPS non-compliance. The move addresses challenges faced by listed entities due to geopolitical market instability.
The RBI retained existing limits for FPI investments in G-Secs, SGSs, and corporate bonds. The decision ensures stability in foreign investment policy. It maintains consistency in debt market regulations.
