PFRDA relaxed earlier restrictions on annuity surrender after receiving hardship representations from subscribers. The circular now permits surrender in cases involving critical illness of the annuitant or family members subject to ASP assessment.
The Food Safety and Standards Authority of India notified the Food Safety and Standards (Contaminants, Toxins and Residues) Amendment Regulations, 2026, which will come into force from 1 December 2026. The amendments revise contaminant and residue standards under the Food Safety and Standards (Contaminants, Toxins and Residues) Regulations, 2011. Changes relating to metal contaminants include […]
The GST Appellate Tribunal issued a detailed order constituting benches across India and classifying GST disputes into three categories. The order aims to streamline hearing allocation, bench functioning, and appeal management under the GST regime.
The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy documents with appeal filings. The order seeks to simplify and streamline the appeal filing process on the GSTAT Portal.
ROC Delhi imposed penalties under Section 450 after a company failed to appoint an internal auditor despite crossing prescribed financial limits. The order held that absence of professional guidnce is not a valid ground for waiver of penalty.
ROC Delhi imposed penalties after a company failed to form Audit and Nomination Committees despite crossing the prescribed turnover threshold. The order held that statutory committee requirements under Sections 177 and 178 are mandatory.
ROC Kolkata imposed penalties after a company incorrectly reported that consolidated financial statements were not applicable in its AOC-4 XBRL filing. The order held that inaccurate MCA filings attract liability even if the mistake is later admitted and rectified.
DGFT amended the Handbook of Procedures by limiting gold imports under Advance Authorisation to a maximum of 100 kilograms. The changes aim to strengthen regulatory oversight and ensure better compliance monitoring.
ROC Kolkata penalized a company and its directors for not appointing a woman director after turnover crossed ₹300 crore. The order clarifies that operational difficulties and delays in identifying candidates cannot excuse statutory non-compliance.
ROC Uttar Pradesh imposed penalties under Section 134(8) after finding that the company’s directors failed to provide comments on statutory auditor qualifications. The company and officers were held liable for non-compliance with Section 134(3)(f) of the Companies Act.
