The IBBI First Appellate Authority held that information on admitted claims in a CIRP case was available online and need not be recompiled under RTI.
The RBI has issued draft guidelines extending the Kisan Credit Card tenure to six years and aligning drawing limits with actual cultivation costs. The proposal also standardizes crop seasons and expands eligible expenses for farmers.
RBI has issued draft amendment directions to standardise borrower treatment and recovery agent conduct across banks, NBFCs, and financial institutions. The move expands responsible business norms beyond select entities.
The Commerce Ministry revised SEZ-Online user charges after migration of transactions to ICEGATE reduced operational viability. New rates for transactions, AMC, and registrations apply from January 1, 2026.
ROC Kolkata imposed penalties for failure to appoint the mandatory two Independent Directors within the prescribed timeline under Section 149. The order clarifies that delayed compliance after conversion into a public company invites monetary penalty under Section 172.
The CCI held that restricting warranty services in India to products bought from authorised distributors was unfair and discriminatory. The policy was found to limit consumer choice and deny market access to parallel importers, leading to a ₹27.38 crore penalty.
IFSCA has prescribed a standard Net Worth Certificate format and detailed audit checklist for Global Access Providers. GAPs must submit certified net worth statements annually and undergo mandatory peer-reviewed audits to ensure regulatory compliance.
IRDAI has issued key clarifications allowing insurers to invest in AIFs using SEBI-compliant Excusal Rights, provided funds are not deployed overseas. The circular introduces strict documentation, audit, and certification safeguards under Section 27E.
In a case involving delayed filing of annual returns for FY 2013–14, the ROC declined to impose penalty under Section 454. The order clarified that pre-2018 defaults fall under the fine regime, not the penalty regime, leaving compounding as the appropriate remedy.
The Registrar held that delayed filing of financial statements for FY 2013–14 occurred before decriminalisation and falls under the fine regime. Adjudication under Section 454 was declined, with liberty to seek compounding.
