Snippets

IEX has received board approval to explore setting up a coal exchange under proposed regulations, signalling a potential expansion into coal trading as part of its broader energy market strategy.

ROC Mumbai imposed a penalty after a company incorrectly declared that CSR provisions were not applicable while filing AOC-4 XBRL. The order holds the authorized signatory responsible for accuracy of

ROC Mumbai penalised the authorized signatory after financial statements were mistakenly filed in Form AOC-4 instead of AOC-4 XBRL. The order reiterates that correct statutory forms must be used for c

The adjudicating authority penalized a company for not maintaining the required number of directors liable to retire by rotation. The violation continued for over 700 days before being rectified. The

The Supreme Court ruled that Section 66 of the Companies Act does not require a valuation report from a registered valuer for capital reduction schemes. The Court upheld the reduction after finding th

Conversion from a private company to LLP is permitted when eligibility conditions such as no outstanding loans or disputes are satisfied. The process involves board approval, shareholder resolution, a

The Gujarat High Court stayed a tax adjudication order after discovering that the officer relied on inaccurate case law citations without independent verification. The post AI-Hallucination – Le

The regulator suggests making nomination the default option in single-holder accounts, requiring investors to actively opt out to simplify succession and reduce unclaimed assets. The post SEBI’s Propo

The revised FDI policy formally defines “beneficial owner” using anti-money laundering standards, bringing clarity to investment approval requirements for investors linked to neighbouring countries. T

The Budget 2026 proposes shifting buyback taxation from dividend to capital gains. Promoters will face an additional tax to prevent tax arbitrage in corporate payout decisions. The post Budget 2026 Bu