The authority imposed penalties after a company filed Form PAS-3 35 days late following a rights issue allotment. The order highlights the mandatory 30-day deadline for filing return of allotment under Section 39.
The ROC held that filing the return of allotment beyond the 15-day statutory limit violates Section 42 and imposed penalties on the company and responsible officers.
The notification expands reporting rules to include central bank digital currencies, electronic money products and relevant crypto-assets for tax information reporting.
SEBI released a circular introducing detailed operational, governance, and risk management requirements for custodians following amendments to the Custodian Regulations. The guidelines mandate activity segregation, enhanced compliance systems, and business continuity frameworks.
SEBI has introduced a new reporting framework for Alternative Investment Funds requiring an annual comprehensive report and limited quarterly filings. The move aims to reduce compliance costs while improving regulatory oversight.
The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified through a caste census. It also proposes representation of marginalized groups and women in judicial appointments.
The government operationalised an Inter-Ministerial Group to monitor geopolitical impacts on supply chains and recommend mitigation measures to protect India’s exports.
IRDAIs consultation paper proposes a new regulatory framework requiring insurers to adopt Ind AS. The initiative is designed to modernize financial disclosures and ensure globally aligned reporting standards.
ROC imposed a ₹2 lakh penalty after a company failed to file consolidated financial statements in Form AOC-4 CFS. The order emphasizes mandatory filing obligations under Section 137 of the Companies Act.
ROC Gwalior penalized a company for failing to file Consolidated Financial Statements in Form AOC-4 CFS for FY 2017-18 as required under Section 137 of the Companies Act, 2013. The order highlights that incorrect disclosure in statutory filings and omission of CFS constitutes a compliance violation. Penalties were imposed on both the company and its directors.
