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Delay in Board Meeting Due to Covid Restrictions- MCA imposes Penalty

September 22, 2023 774 Views 0 comment Print

Discover the penalty imposed by the Ministry of Corporate Affairs for violating the Companies Act, 2013 due to Covid-related delays in board meetings.

Gap Exceeded 120 days between two Board Meetings: MCA Imposes Penalty

September 22, 2023 2610 Views 0 comment Print

Taskus India Private Limited faces penalties under Section 454 for violating Section 173 of the Companies Act, 2013, due to a 177 day gap between board meetings.

8 Lakh Penalty Imposed for Unspent CSR Reason Non-Disclosure in Board’s Report

September 22, 2023 3444 Views 0 comment Print

Registrar of Companies, Karnataka, imposes an 8 Lakh penalty on Ceratizit India Private Limited for not disclosing CSR non-spending reasons. Full details and implications

Grievance Redressal & Assessment Index (GRAI)

September 22, 2023 1854 Views 0 comment Print

Learn about measures to enhance grievance redressal as per Grievance Redressal & Assessment Index (GRAI) in this official memorandum from Ministry of Finance, Government of India

NPS Tier II Default Scheme for Govt Sector Subscribers

September 22, 2023 708 Views 0 comment Print

Discover NPS Tier II Default Scheme exclusively for Government Sector Subscribers. Explore its benefits, flexibility, and investment options in this circular.

RBI’s Master Direction on Basel III and Investment Norms – 2023

September 21, 2023 4875 Views 0 comment Print

Master Direction – Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023

MCA imposes penalty on director for holding less than 4 Board Meetings in a year

September 21, 2023 9432 Views 0 comment Print

Ministry of Corporate Affairs penalizes Smalticeram India Private Limited for holding only two board meetings in a financial year instead of the required four. Learn about the case, penalties, and compliance details.

RBI Draft Master Direction on Treatment of Wilful and Large Defaulters

September 21, 2023 6054 Views 0 comment Print

Read about Reserve Bank of India’s (RBI) Draft Master Direction on treatment of wilful defaulters and large defaulters in 2023. Provide feedback by October 31, 2023.

SEBI Board Meeting Approves Market Framework Updates

September 21, 2023 921 Views 0 comment Print

SEBI Board Meeting discussed securities market trends, approved flexibility in Large Corporates framework, and extended compliance timelines for Investment Advisers.

Kamlesh Chandra Varshney Appointed Whole Time Member of SEBI

September 21, 2023 2199 Views 0 comment Print

Kamlesh Chandra Varshney has assumed role of Whole Time Member at SEBI, bringing extensive experience from Indian Revenue Service and tax policy.

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