Articles

ICICI Bank has revised its minimum balance requirements for new accounts based on customer feedback From August 1, 2025.

From Hike to Relief: ICICI Bank Drops Minimum Balance Requirement

Finance Ministry clarifies in Lok Sabha that there is no proposal to restore OPS, outlining key features and rationale of the Unified Pension Scheme (UPS) under NPS.

Finance Ministry Response on OPS Restoration and UPS Features in Lok Sabha

A major tax reform replacing the 1961 Act with the new Income Tax Bill 2025, impacting CA/CS/CMA exams from May 2027 onwards.

New Income Tax Bill 2025: Here's What CA, CS, CMA Students Must Know for May 2027 and Beyond

Judgement

The RD observed that the SS-1 was updated, removing the need to disclose the dates of the meetings. Therefore, RD set aside the penalty order of Rs 1.2 Lakh.

RD Sets Aside 1.2 Lakh Penalty Levied by ROC for Violating Secretarial Standards u/s 118(10)

RD Ahmedabad imposed a penalty of Rs. 25000 on the company and Rs. 5000 each on its two directors for violation of Section 118 (11) of the Companies Act 2013.

ROC Penalty Order: Non-Compliance with Minutes Recording Standards, Violation of Section 118 (11) of Companies Act 2013

Orders

Under section 89(7) of the Companies Act, if a company does not file the form within the required time, it and the responsible officer will be liable to pay a penalty.

Section 89: ROC Levies Penalty of Rs 17 Lakh for Delay in Filing MGT-6

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