ROCcorporate
Penalties for Incorrect AOC-4 Filing
A director has been penalized for errors in the AOC-4 filing regarding subsidiary disclosures, highlighting the risks of inaccuracies in regulatory documents.
Jun 2, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Latest Articles
ROC Mumbaicorporate
ROC Penalty for Non-Maintenance of Registered Office
The ROC has imposed penalties on a company for failure to maintain a functional registered office, citing repeated return of notices as evidence of non-compliance.
Jun 2, 2026Read more →
N/Acorporate
The Nature of Compulsorily Convertible Debentures
The treatment of Compulsorily Convertible Debentures (CCDs) as financial liabilities under Ind AS 32 is analyzed, debating whether judicial remarks categorizing them as equity hold authoritative weight.
Jun 2, 2026Read more →
Companies Act, 2013corporate
Letterhead Disclosures Required Under Companies Act, 2013
Section 12(3) of the Companies Act mandates companies to disclose their Corporate Identification Number (CIN) and other details on their letterheads. Non-compliance can lead to statutory penalties.
Jun 2, 2026Read more →
Income Tax Appellate Tribunaltax
Grants Received Must Be Relevant Yearly for Tax Exemption
The ITAT clarified that only grants received in the relevant year count for exemption under Section 10(23C)(iiiab), excluding cumulative grants from prior years.
Jun 2, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Allows Deduction for Interest on Security Deposits Linked to Loan
The ITAT permitted a deduction claim on interest earned from security deposits associated with a loan to Andhra Bank, asserting it pertains directly to the business activity.
Jun 2, 2026Read more →
N/Atax
June 2026 Compliance Calendar for Income Tax, GST, and MCA
The compliance calendar for June includes critical deadlines for TDS payments, GST returns, and annual company-law reporting requirements, essential for practitioners to monitor.
Jun 2, 2026Read more →
ICAIcorporate
ICAI Clarifies Advertising Boundaries for Sustainability Assurance Providers
The revised ethics code of ICAI provides guidance on the advertising practices of sustainability assurance providers, mandating consultation with the Ethical Standards Board when in doubt.
Jun 2, 2026Read more →
bankingcorporate
Applications Under RBI’s Citizen’s Charter Processed as of May 31, 2026
As of May 31, 2026, the RBI reported a total of 2,473 applications pending from the previous month, underscoring the demand for services under its Citizen’s Charter.
Jun 2, 2026Read more →
N/Acorporateconsumer
SEBI Modifies Norms for Nomination in Demat Accounts & Mutual Fund Folios
SEBI has revised nomination norms for demat accounts and mutual fund folios to enhance investor onboarding. The updated framework addresses stakeholder feedback regarding implementation issues.
Jun 1, 2026Read more →
IRDAIcorporateinsurance
IRDAI Issues Warning for Shareholding Changes Without Approval
The IRDAI has issued a warning to a broker for implementing shareholding changes without prior approval, highlighting the need for compliance with regulatory norms. Corrective measures and future commitments were considered in the ruling.
Jun 1, 2026Read more →
N/Acorporatetax
Changes to UDIN Portal Enhance Validation for Section 44AB
The recent updates to the UDIN portal introduce field-level validation for Section 44AB, fostering greater trust among stakeholders and enhancing the integrity of the CA profession in financial reporting.
Jun 1, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules on Undisclosed Income of ₹37.20 Lakh from Automobile Parts
The ITAT has upheld the addition of ₹37.20 lakh as undisclosed income from automobile parts, stating that the assessee's retraction was invalid. The tribunal emphasized the weight of evidence presented to substantiate the claim of undisclosed income.
Jun 1, 2026Read more →