The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research purposes. The approval remains valid from AY 2026-27 to AY 2030-31 and enables tax benefits linked to scientific research.
DGFT amended Appendix 2B of FTP 2023 to include authorised agencies permitted to issue Preferential Certificates of Origin under the India-UK CETA. The notification specifies product-wise authorities and SEZ-based issuing agencies.
ROC Mumbai levied a penalty under Section 450 after a company incorrectly stated that CSR provisions were not applicable in Form AOC-4 XBRL. The order highlights that directors signing MCA forms are personally responsible for accuracy of disclosures and attachments.
CBIC amended Notification No. 12/97-Customs (N.T.) to include Village Namli, Ratlam as an authorized customs location. The notification permits unloading of imported goods and loading of export goods, expanding customs infrastructure in Madhya Pradesh.
DGFT amended Para 2.91 of the Handbook of Procedures, 2023 to allow exporters to obtain Certificates of Origin under India-UK CETA through self-declaration. The amendment also retains the existing authorised agency certification mechanism.
SEBI has fixed a uniform 30-day lag for sharing and using market price data for educational purposes after concerns over misuse and impractical restrictions. The circular also grants NISM limited one-day access for simulation labs.
RBI amended the capital adequacy norms for Small Finance Banks by revising provisions governing inclusion of quarterly profits in CET1 capital. The new framework prescribes audit requirements and a revised profit eligibility formula.
RBI amended the capital adequacy norms for Payments Banks by revising rules for inclusion of quarterly profits in CET1 capital. The new framework allows quarterly profit recognition subject to audit and prescribed deductions.
The Department of Posts launched Personalized Cheque Books for POSA customers with pre-printed account details and IFSC information. The move aims to improve customer convenience, enhance security, and modernize postal banking services.
ROC Pune penalized a company and its directors for delayed filing of Form PAS-3 under Section 42(8) of the Companies Act, 2013. The authority held that delayed filing of return of allotment attracts a separate penalty under Section 42(9).
