From December 1, 2024, additional qualifiers for synthetic diamond import/export declarations are mandatory to enhance customs assessments and reduce clearance delays.
IFSCA amends the Aircraft Lease Framework for transactions with Indian residents, effective immediately. Details on requirements and fees are outlined.
Ispat Sheets Limited fined for non-compliance with Companies Act provisions on Board meetings. Total penalty imposed: ₹40,000.
Ispat Sheets Limited penalized for failing to file Form PAS-6. The penalty includes fines for the company and its directors as per Companies Act.
CBIC assigns Mumbai Customs Commissioner as Adjudicating Authority for specific cases per Customs Act, 1962. Notification effective upon publication.
IBBI dismissed an RTI appeal seeking insolvency details of personal guarantors, citing privacy and resource constraints under RTI Act’s exemptions.
IBBI mandates centralized listing of liquidation assets on eBKray platform for transparency and improved recovery. Effective November 1, 2024.
IFSC Authority updates Market Infrastructure Institutions Regulations, 2024, enhancing governance, key personnel roles, and trading hours in financial markets.
Adjudication order against KCP Infra for delays in filing resolutions under the Companies Act, 2013. Total penalty imposed: ₹10.49 lakhs. Appeals allowed within 60 days.
IBBI rejects RTI appeal seeking youngest and oldest insolvency professionals’ details, citing privacy concerns under Section 8(1)(j) of the RTI Act.
