Governance news links worth noting
Madras High Court held that capital profit on the sale of the Fixed Assets of the Company cannot be taken directly to the Reserves & Surplus in the Balance Sheet and the same has to be routed thr
The Court ruled that ITC on GIDC charges is allowable where no construction is involved. It also held that Section 74 proceedings fail without fraud or suppression. The post ITC Not Blocked on Leaseho
Banks are asking CAs to issue end-use and KYC certificates without regulatory support. RBI confirms no such requirement exists, highlighting the need for professionals to avoid unauthorized certificat
The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced penalties. It emphasizes that failure to comply within the window may lead
DCB Bank Q4 profit and NII rise over 16%, asset quality improves, board okays fundraise and dividend. Shares of DCB Bank ended marginally higher on Friday, April 24, by 0.77% at ₹193.37 on the NSE.
IndusInd Bank CCO Sachin Patange will step down on April 29 2026, Sunil Kumar Singh named new CCO from April 30 2026, board strengthened with four new directors.
The amendment introduces a new category of IFSC-based LLPs with specific regulatory provisions. It enables foreign currency operations and aligns LLPs with global financial practices. The post Corpora
The scheme allows companies to file pending annual returns with just 10% additional fees. It offers a cost-effective opportunity to regularise compliance and avoid penalties. The post Practical FAQs o
The draft rules introduce simplified forms, reduced documentation, and digital processes to ease company incorporation. Key changes aim to cut compliance burden and improve efficiency for businesses.
The comparison shows how large-scale frauds go undetected for years while professionals face immediate coercive action. Courts have clarified that arrest requires clear evidence of control and benefit