SEBI mandates Asset Management Companies to implement mechanisms to detect and prevent market abuse, including front-running and fraud, via Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/107, effective August 2024.
Chennai Customs introduces ERAM on ICEGATE for automated exchange rate publication, effective from 4th July 2024. Access rates online for 22 currencies.
FSSAI has withdrawn its 2022 order regulating the disposal of used cooking oil, impacting food safety standards and enforcement. Read more about the updated directives.
GM Elektra Pvt Ltd fined ₹1,88,500 by ROC Mumbai for delayed filing of BEN-2 under Section 90 of the Companies Act, 2013. Directors also face penalties.
MCA imposes penalty for failure to maintain proper records and attendance sheets for board meetings, as well as inadequately filling out MBP-4 forms related to contracts with related parties
Pioneer Financial fined ₹17.88L for failing to file PAS-6. Directors face penalties for non-compliance with securities dematerialization rules.
Kanishk Aluminium India Pvt. Ltd. faces penalties for violating Section 62(1) of the Companies Act, 2013. Details of the adjudication order from the Rajasthan ROC.
Income Tax Circular 08/2024 exempts higher TDS/TCS rates if deductee/collectee dies before PAN-Aadhaar linkage, addressing taxpayer grievances.
SEBI mandates valuation of AT-1 bonds based on Yield to Call, aligning with NFRA recommendations. Effective from August 05, 2024, for all mutual funds.
SEBI’s Fourth Amendment to the Alternative Investment Funds Regulations, 2024 updates borrowing and fund tenure rules for Category I & II AIFs.
