The Disciplinary Committee held that the IRP accepted assignment and issued a public announcement without holding a valid Authorisation for Assignment. A six-month suspension was imposed, with mitigating factors noted.
GST Portal revises interest computation in GSTR-3B, factoring minimum cash ledger balance and auto-populating non-editable interest. Taxpayers must self-assess and pay any additional liability.
The RBI has updated Form ECB 1 and Form ECB 2 under the revised External Commercial Borrowing framework. Authorised Persons must comply with the new reporting formats with immediate effect.
The central bank has made UTI generation compulsory for all OTC derivative transactions reported in India from January 1, 2027. The move aims to enhance transparency, global harmonisation, and lifecycle tracking of derivative contracts.
The CBIC amended Notification 36/2001 under Section 14(2) of the Customs Act by substituting tariff tables. However, tariff values for gold, silver, palm oil, brass scrap, and areca nuts remain unchanged.
SEBI has specified revised application forms and certificate formats for stock brokers and clearing members under the 2026 Regulations. The new framework replaces the earlier 1992 forms and applies retrospectively from January 7, 2026.
The ROC Chhattisgarh held that repeated return of official letters marked Not Known proved non-compliance with Section 12(1) of the Companies Act. The company and its directors were penalised under Section 12(8) for failing to maintain a functional registered office.
Finance Ministry notifies DGGI ADG as nodal officer under IT Rules and designates Afcom Holdings as Indian carrier under Central Sales Tax Act.
The Registrar penalized the officer in default for failing to appoint the required number of independent directors within the prescribed timeline. The default continued until proper appointments were made.
The order held that signing financial statements during disqualification violated Section 134(1). The key takeaway is that such non-compliance attracts penalty under Section 134(8), even for small companies.
