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No Obligation to Collate Data from IRP Under RTI: IBBI

September 16, 2025 315 Views 0 comment Print

IBBI First Appellate Authority denies RTI for Ajnara project data, citing Supreme Court ruling that public bodies are not obligated to create new info.

ROC Hyderabad Imposes Penalty for Private Placement Rule Violation

September 16, 2025 1044 Views 0 comment Print

An ROC Hyderabad order imposes a penalty on Chiraharit Limited and its directors for violating Section 42(6) of the Companies Act, 2013, by not opening a separate bank account for a preferential issue.

ROC Mumbai Imposes ₹4 Lakh Penalty for Non-Disclosure in Board Report

September 16, 2025 1407 Views 0 comment Print

The Registrar of Companies, Mumbai, has issued a penalty against Maxwell Life Science and its directors for failing to include mandatory disclosures in their Board Report for FY 2021-22.

MCA Fines Company and Director for Registered Office Non-Compliance

September 16, 2025 939 Views 0 comment Print

ROC Goa fined SKEXXA Technology Pvt Ltd and its directors ₹50,000 each for not maintaining a registered office as required under Section 12 of the Companies Act.

ROC Mumbai Dropped Adjudication as Director Register Lapses Compounded Earlier

September 16, 2025 693 Views 0 comment Print

ROC Mumbai found compliance lapses at Business Asia Consulting Pvt Ltd but dropped penalty as violations were already compounded under the Companies Act.

India Post Payment System Changes: New Accounting Rules

September 15, 2025 2655 Views 0 comment Print

India Post introduces new accounting procedures for POSB transactions, shifting from an account-based to a transaction-based system, centralizing processes at a new facility.

Queries on eligibility for Limited Insolvency Exam fall outside RTI Act

September 11, 2025 285 Views 0 comment Print

An appeal was denied for an RTI application seeking eligibility information for the Limited Insolvency Examination, as the data was already publicly available on the IBBI website.

POSB Schemes to Use New Nomenclature for Persons with Mental Illness/Disability

September 10, 2025 690 Views 0 comment Print

Department of Posts replaces “unsound mind” with “persons with mental illness or intellectual disability” in Post Office Savings Bank schemes from September 2025.

IBBI Suspends Insolvency Professional for One Year Over EMD Forfeiture

September 10, 2025 678 Views 0 comment Print

The IBBI Disciplinary Committee suspended an Insolvency Professional for one year for improperly forfeiting an Earnest Money Deposit, exceeding the stipulated conditions.

CBIC Order Assigns Central Excise and Service Tax Appeals

September 9, 2025 468 Views 0 comment Print

An order from the Central Board of Indirect Taxes and Customs (CBIC) assigns appeals filed on or after July 1, 2017, under Central Excise and Service Tax act.

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