IBBI penalizes insolvency professional S. Muthuraju for negligence in handling EPFO claims during liquidation. Read the full disciplinary order and findings.
IRDAI penalizes UIB Insurance Brokers ₹1 crore for delayed premium remittances. The company must review pending transactions and improve compliance processes.
IBBI issues disciplinary order against Mr. Arumugam for lapses in insolvency cases. Key issues include failure in approvals, non-cooperation, and incomplete disclosures.
FSSAI directs FBOs to update Form IX nominee details and enables auto-approval for Non-Form C modifications in FoSCoS from February 2025.
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 disposes RTI appeals citing data limitations and exemptions under Section 7(9) and Section 8 of the RTI Act.
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.
ICAI Disciplinary Committee finds CA not guilty in INC-22A certification case, citing due diligence and lack of evidence of misconduct.
APS Micro Credit fined Rs. 1 lakh for violating Section 158 of the Companies Act, 2013. Director failed to mention DIN in financial statements for FY 2013-15.
A Disciplinary Committee exonerated CA B.L.N. Phani Kumar, finding him not guilty of professional misconduct related to his auditing duties for seven companies. The case, brought by the RBI, alleged the companies were operating as Non-Banking Financial Institutions without proper registration. The committee found that the companies had not accepted public deposits, and therefore, the auditor had no obligation to submit special reports to the RBI. The RBI also did not take action against the companies. The committee’s final decision was to close the case.
