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Notifications/Circulars

MIP Extension Notified Due to Continuation of Existing Import Policy Safeguards

April 30, 2026 423 Views 0 comment Print

The government extended the Minimum Import Price on specified paper board imports to maintain existing policy conditions. The notification continues earlier safeguards without altering terms.

Penalty Imposed for Failure to File DIR-12 on Director Appointment

April 30, 2026 582 Views 0 comment Print

The issue involved non-filing of Form DIR-12 for appointment of a director. The authority held that failure to comply with Section 170(2) attracts penalty regardless of operational or technical challenges. The ruling emphasizes strict compliance with statutory filing requirements.

Penalty Imposed for Failure to File DIR-12 to report resignation of a director

April 30, 2026 609 Views 0 comment Print

The issue involved non-filing of Form DIR-12 to report resignation of a director. The authority held that failure to comply with Section 168(1) attracts penalty despite operational or technical challenges. The ruling emphasizes mandatory compliance with director-related filings.

Penalty Imposed for Failure to Disclose Allottee Occupation in PAS-3 Filing

April 30, 2026 276 Views 0 comment Print

The issue involved omission of allottee occupation details in Form PAS-3. The authority held that Rule 12(2) mandates complete disclosure, and non-compliance attracts penalty. The ruling emphasizes accuracy in statutory filings.

Maximum Penalty Imposed for 1951-Day Delay in Filing Board Resolution

April 30, 2026 267 Views 0 comment Print

The issue involved delayed filing of Form MGT-14 for approval of financial statements. The authority held that a 1,951-day delay constituted a continuing default warranting maximum penalty. The ruling highlights strict enforcement of statutory timelines.

Maximum Penalty Imposed for Delay in Filing Board Resolution Beyond Statutory Timeline

April 30, 2026 2310 Views 0 comment Print

The issue involved delayed filing of Form MGT-14 for approval of financial statements. The authority held that a delay of 2,317 days constituted a continuing default attracting maximum penalty. The ruling emphasizes strict timelines and consequences for prolonged non-compliance.

Penalty Imposed for omission of PAN, email ID and address in Form PAS-3

April 30, 2026 327 Views 0 comment Print

The issue involved whether omission of PAN, email ID, and address in Form PAS-3 violates statutory rules. The authority held that Rule 14(6) mandates complete disclosure of allottee details. The ruling emphasizes strict compliance with corporate filing requirements.

Penalty Imposed for Non-Disclosure of Allottee Details in Form PAS-3

April 30, 2026 258 Views 0 comment Print

The case examined whether occupation details can be omitted when allottees lack occupation. The authority rejected this interpretation and imposed penalties for non-compliance. The decision clarifies that statutory forms must be filled completely and accurately.

Penalty Imposed for Failure to File Board Resolution in Form MGT-14

April 30, 2026 366 Views 0 comment Print

The issue involved non-filing of mandatory Form MGT-14 for board resolutions approving financial statements. The authority held that failure to comply with Sections 117 and 179 constitutes a continuing default attracting penalties. 

RBI Issues 2026 Rules on Agency Bank Commission and Oversight

April 30, 2026 1023 Views 0 comment Print

RBI sets new framework for agency commission, reporting, and monitoring of agency banks. Key takeaway: stricter compliance and standardized processes now mandatory.

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