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Centre revises Wheat Stock Limit until 31st March 2025

February 20, 2025 861 Views 0 comment Print

The government revises wheat stock limits for traders, retailers, and processors until March 31, 2025, to ensure price stability and prevent hoarding.

Section 10A Violation: Company & Directors Penalized for Late INC-20A Filing

February 20, 2025 1290 Views 0 comment Print

Emperium Constructions Pvt Ltd fined Rs. 50,000 for delayed INC-20A filing. Directors penalized Rs. 19,000 each under Section 10A of Companies Act, 2013.

Mismanagement in asset disposal & auction process: IBBI Suspends IP

February 19, 2025 699 Views 0 comment Print

IBBI suspends Vijay Kumar Garg for one year over irregularities in Lanco Vidarbha liquidation, citing mismanagement in asset disposal and auction process.

Negligence in handling EPFO claims during liquidation: IBBI penalises IP

February 19, 2025 531 Views 0 comment Print

IBBI penalizes insolvency professional S. Muthuraju for negligence in handling EPFO claims during liquidation. Read the full disciplinary order and findings.

IRDAI Fines UIB Insurance Brokers ₹1 Crore for Premium Remittance Delay

February 19, 2025 843 Views 0 comment Print

IRDAI penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and improve compliance processes.

IBBI Disciplinary Order Against IP for failure in approvals, non-cooperation & incomplete disclosures

February 18, 2025 618 Views 0 comment Print

IBBI issues disciplinary order against Mr. Arumugam for lapses in insolvency cases. Key issues include failure in approvals, non-cooperation, and incomplete disclosures.

FSSAI Mandates Form IX Updates & Introduces Auto-Approval

February 18, 2025 2187 Views 0 comment Print

FSSAI directs FBOs to update Form IX nominee details and enables auto-approval for Non-Form C modifications in FoSCoS from February 2025.

IBBI Penalizes Insolvency Professional for Related Party Voting in CIRP

February 12, 2025 666 Views 0 comment Print

Insolvency Professional Ahsan Ahmed penalized Rs. 50,000 by IBBI for assigning voting rights to related parties in SDU Travels Pvt. Ltd. CIRP, violating Section 21(2) of the IBC.

IBBI Clarifies RTI Act Does Not Mandate Data Collation; Appeals Dismissed

February 12, 2025 609 Views 0 comment Print

IBBI disposes RTI appeals citing data limitations and exemptions under Section 7(9) and Section 8 of the RTI Act.

Virtual GST Personal Hearings through video conferencing in West Bengal

February 12, 2025 1458 Views 0 comment Print

West Bengal allows virtual hearings for GST cases via video conferencing. Taxpayers can request this mode for ease of access. Read the guidelines and process.

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