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Notifications/Circulars

Restaurants Cannot Levy LPG Charges as Separate Fees: CCPA

March 25, 2026 3096 Views 0 comment Print

The CCPA held that charging LPG or fuel surcharges separately is an unfair trade practice. Such costs must be included in menu prices, and separate recovery from consumers is not permitted.

Co-op Society Can Deny Membership for ‘Refuge Area’ Flat: Bombay HC

March 25, 2026 2391 Views 0 comment Print

The Court held that membership cannot be granted where the underlying flats do not exist and are merely refuge areas. It ruled that agreements for such spaces are invalid and cannot confer membership rights, restoring the earlier rejection order.

SEBI Launches Verified Label to Curb Fake Trading Apps and Protect Investors

March 25, 2026 4746 Views 0 comment Print

SEBI introduced a verified badge on Google Play to help investors identify genuine trading apps. The move aims to prevent fraud caused by impersonation of legitimate platforms.

Cost Accountants Allowed to Audit Research Analysts Due to SEBI Clarification

March 25, 2026 2208 Views 0 comment Print

SEBI has clarified that members of the Institute of Cost Accountants of India are now eligible to conduct annual compliance audits of Research Analysts. This expansion strengthens regulatory compliance while increasing the pool of qualified professionals.

Cost Accountants Allowed to Audit Investment Advisers Due to SEBI Clarification

March 25, 2026 303 Views 0 comment Print

SEBI expanded audit eligibility to include cost accountants for Investment Advisers. The ruling broadens the professional base and strengthens compliance oversight.

Intraday Borrowing Rules Deferred Due to Operational Challenges Faced by AMCs

March 25, 2026 279 Views 0 comment Print

SEBI postponed implementation of intraday borrowing guidelines after concerns from AMCs. The ruling provides additional time for compliance while ensuring regulatory objectives are met.

₹2.47 Lakh Penalty Imposed for Delay in Filing Financial Statements

March 25, 2026 216 Views 0 comment Print

Failure to file financial statements and respond to notices resulted in an ex-parte penalty order. The case highlights strict enforcement of compliance and consequences of non-appearance before authorities.

Maximum Penalty Imposed Due to Non-Filing of Financial Statements for FY 2018-19

March 25, 2026 216 Views 0 comment Print

Company failed to respond to show cause and hearing notices issued by the ROC. The authority proceeded ex-parte and imposed penalties. The ruling highlights that non-participation does not prevent enforcement action.

Section 10(46) Tax Exemption Granted to Visakhapatnam SEZ Authority

March 25, 2026 468 Views 0 comment Print

The notification grants tax exemption to a statutory authority as it does not engage in commercial activities. It highlights that compliance with conditions is essential to retain exemption.

Income Tax Notification u/s 10(46A) in the case of Varanasi Development Authority

March 25, 2026 642 Views 0 comment Print

The authority received exemption as it qualifies as a statutory body under the law. The ruling highlights that statutory status is key for tax benefits.

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