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    Goa to Lead in Pharma Growth as Zlata Pharma Sets Industry Milestones
    NFRA releases the first part of Auditor-Audit Committee Interaction Series titled: Audit of Accounting Estimates and Judgments
    Concept BIU: Empowering Listed Companies to Seamlessly Comply with SEBI's LODR Mandates
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January 11, 2025
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Pharmaceutical industry expansion: Zlata Pharma launches wellness range aiming to position Goa as a national pharma hub and employer.
Zlata Pharma LLP announced the launch of a new wellness and pain relief product range, naming Zlata its flagship brand and signalling plans to position Goa as a hub for pharmaceutical activity while pursuing national expansion, innovation, and employment generation without specifying regulatory clearances or compliance measures.
January 11, 2025
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Expected Credit Losses under Ind AS 109: auditor-audit committee guidance to strengthen ECL measurement and oversight.
Guidance focuses on auditor-Audit Committee communication about Expected Credit Losses under Ind AS 109, stressing that ECL requires probability weighted, time discounted estimates incorporating historical data, current conditions and forward looking scenarios. It highlights scope (loans, receivables, investments, commitments), significant management judgement and expert involvement, the need for appropriate stratification and controls testing, assessment of management bias, verification of related party exposures, and evaluation of model assumptions, experts' competence and sufficiency of audit evidence.
January 9, 2025
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SEBI LODR rumour confirmation: media monitoring services enable same-day detection and response to regulatory market rumours.
Concept BIU provides media monitoring across television, print, online and social media to help listed companies meet the SEBI Listing Obligations and Disclosure Requirements (LODR) duty to confirm or deny market rumours within the required timeframe, using dashboards, mobile apps and direct alerts to enable rapid escalation, disclosure management and reputation protection.
January 9, 2025
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Right to educational maintenance: daughter has an enforceable claim on parents for necessary education funds within their means.
A daughter has an indefeasible, legally enforceable right to secure necessary educational expenses from her parents; parents can be compelled to provide funds subject to their capacity to pay, and courts may issue orders enforcing contribution where need and ability are established.
January 9, 2025
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Tribunal appointments add judicial and technical members, imposing five-year terms with an age-based tenure limit.
Appointment of 24 members to the National Company Law Tribunal comprises eleven judicial and thirteen technical members, including five women. Named appointees include Justice Jyotsna Sharma, Nilesh Sharma, Hariharan Neelakanta Iyer and Reena Sinha Puri. Members are appointed for a tenure of five years from assumption of charge or until they attain the age of 65 years, by notification of the Ministry of Corporate Affairs; certain technical appointees have noted professional backgrounds.
January 8, 2025
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Joint venture proposals review: SEBI to examine Sahara land development plans with escrow protection to secure investor refunds.
Third parties proposing development of Sahara Group land must deposit funds into an escrow held by the court and obtain court and SEBI approval; SEBI will investigate submitted proposals and file sealed responses, proceeds from any property sales or developments must be deposited into the SEBI Sahara refund account for return to investors, and joint ventures or development agreements require prior court permission with escrowed deposits refundable if approval is not granted.
January 8, 2025
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Empanelment of Chartered Accountant firms for auditor appointments under Companies Act: applications open with mandatory acknowledgement and document submission.
Invitation for empanelment of Chartered Accountant firms/LLPs for consideration as auditors of companies and statutory corporations; applicants must complete online applications, update firm status as of the reference date, and generate an online acknowledgement letter (mandatory), failing which applications will not be considered; printed acknowledgement and hard copies of supporting documents must be submitted to the office by the final submission date.
January 8, 2025
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Depraved indifference murder charge filed; defendant pleads not guilty amid video identification and public interview.
The defendant faces murder and arson charges including a depraved indifference murder count; prosecutors rely on video evidence and a precinct interview in which the defendant acknowledged identification on the footage, expressed remorse, and reported heavy drinking and memory loss. He pleaded not guilty at arraignment following indictment; the prosecution will seek life without parole on the top count. The public transcript and the indictment's characterization of intent are key elements of the prosecution's case.
January 7, 2025
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Securities offering disclosure: Gold Plus files DRHP, announces capacity expansion and issues investor risk and cross border sale cautions.
Gold Plus commissioned a Karnataka manufacturing facility with COD milestones in June 2024, increasing float and solar glass capacity and exceeding one million metric tons of float glass installed capacity. The company has filed a draft red herring prospectus and proposes an initial public offer subject to regulatory approvals and market conditions, warning investors of high risk and stating the announcement is not an offer. The release also discloses that equity shares will not be registered under the U.S. Securities Act and includes a third party data provider disclaimer governing use and publication of its report.
January 4, 2025
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Logistics planning reform: states must adopt action plans, PPPs, green logistics and digitalisation to boost efficiency.
States must prepare state, regional and city logistics action plans, leverage public private partnerships, and allocate land transparently for multi modal hubs to improve last mile connectivity and attract investment; policies emphasise green logistics, workforce inclusivity, skills development, technological adoption and digitalisation. LEADS 2024 evaluates States/UTs across four pillars including Sustainable Logistics, adds objective indicators on terminal accessibility and corridor speeds, and categorises jurisdictions to guide targeted reforms. Complementary measures include a PM GatiShakti course for infrastructure planning and an NCAER Logistics Cost Framework using a hybrid EXIM/domestic methodology.
January 3, 2025
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Delay in filing appeals: court urges government introspection as time-barred pleas risk dismissal under insolvency proceedings
The Supreme Court admonished government authorities, including NHAI, for excessive delay in filing appeals and called for introspection into adherence to procedural timelines; the Solicitor General agreed to investigate the causes of delay. In IBC proceedings the NHAI challenged a resolution plan introducing a new concessionaire and was directed to file a claim in Form F, but the NCLAT dismissed its appeal for inordinate delay and the Supreme Court treated the petition as time-barred, declining to examine merits.
January 2, 2025
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Regulatory enforcement under Sebi powers: fresh show cause notice to ZEEL management with prior record incorporated.
Sebi will issue a fresh show cause notice to ZEEL's founder chairman and a senior executive and continue investigation into alleged disclosure and listing norm violations, explicitly incorporating the July 6, 2022 show cause notice, its examination report and relied documents into the further investigation, and proceeding under Section 11B of the SEBI Act to invoke the regulator's notice and penalty powers.
December 30, 2024
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Corporate compliance reforms streamline share transmission and duplicate certificate procedures, and modernise electronic filing and adjudication.
The Ministry implemented corporate regulatory reforms that modernise compliance and access. Key measures include a new internship scheme providing financial assistance for year-long placements, migration of MCA21 to Version 3 with reduced forms and straight-through online processing, recognition of the legal heirship certificate for share transmission, removal of FIR and surety requirements for certain physical share certificate processes, enhanced IEPFA multilingual grievance redressal, establishment of a Central Processing Centre and CPACE for expedited e-form processing and corporate exit, faceless electronic adjudication for decriminalised defaults, and amendments to accounting standards alongside proposals for an integrated IBC technology platform.
December 18, 2024
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Collection of Statistics Act powers enable a new MoSPI survey tracking private corporate capital expenditure intentions for coming years.
The Forward-Looking Survey measures private corporate sector capital expenditure intentions and incurred capex, estimating expected investment and indicating preferred industries. Notices under the Collection of Statistics Act are issued to selected active resident private enterprises registered under the Companies Act, and data are self reported via a web portal with built in validation; a scientifically validated sampling methodology and expert Technical Advisory Group and Steering Committee oversee selection and data scrutiny to ensure accuracy.
December 17, 2024
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Company registration facilitation through centralized online incorporation and integrated filings reduces cost and streamlines statutory registrations.
Regulatory and administrative measures centralize and streamline company incorporation: the Central Registration Centre expedites online incorporation; the SPICe+ form integrates PAN/TAN, eMOA/eAOA, DIN allotment and multiple statutory enrolments to enable single-window incorporation; Rule 38(2) permits SPICe+ to cover name reservation, incorporation and appointment/allotment of DIN for up to three directors; amendments to the Companies Act, 2013 seek ease of doing business, decriminalisation and simplified compliance for Small Companies, One Person Companies, Start-ups and Producer Companies, alongside targeted exemptions for specified company categories.
December 17, 2024
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Women director requirement: prescribed companies must appoint at least one woman director or face penalties for non-compliance.
The document states that a prescribed class of companies must have at least one woman director, citing the second proviso to sub section (1) of section 149 of the Companies Act, 2013 and Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2024. Rule 3 requires every listed company and every other public company meeting specified paid up capital or turnover thresholds to appoint at least one woman director. Non compliance renders the company and every officer in default liable to penalties under the Companies Act, 2013.
December 16, 2024
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Corporate Social Responsibility obligations: reported increases in CSR spending directed to aspirational districts under statutory CSR rules.
The statutory CSR framework under the Companies Act, its schedule of permitted activities, and the Companies (CSR Policy) Rules governs corporate CSR obligations; reported figures show year on year increases in CSR expenditure directed to Aspirational Districts across three consecutive financial years, based on official corporate data and disclosed in a government parliamentary reply.
December 13, 2024
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Memorandum of Understanding advances financial literacy by delivering free digital curriculum and teacher training for school-based program.
A Memorandum of Understanding commits IEPFA and ACCA to a four year collaboration to implement ACCA's Financial Education for You (FEFY) for grades 6-9: ACCA will supply free digital curriculum and train teachers; IEPFA will facilitate pilot introductions in select urban and rural schools that satisfy digital and scheduling requirements. The programme emphasizes interactive, experiential learning to improve students' financial decision making. The partnership also includes ACCA funded seminars, workshops, and roundtables, and mutual obligations of confidentiality and transparent cooperation.
December 13, 2024
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Asset resolution through NARCL urged alongside senior-level monitoring and reduction of NCLT procedural delays for faster recoveries.
Meetings directed expedited transfers to NARCL, strengthened bank coordination and monitoring of priority accounts, and tasked a committee under the SBI Chairman to recommend fresh accounts for transfer to bolster the resolution pipeline. They identified procedural delays in admitting Corporate Insolvency Resolution Process (CIRP) applications at NCLT benches, instructed banks to ensure senior-level monitoring and reduce adjournments, and endorsed an MCA plan to develop an integrated portal to share real-time NCLT proceeding information with Financial Creditors.
December 10, 2024
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Government-private MoU to support startups enables resource access, mentorship, venture funding and fast-track patent facilitation.
A memorandum of understanding creates a government-private collaboration allowing startups to access government industry reports, datasets and studies, receive procedural facilitation for fast track patent applications, and connect to the Startup India network, while the private partner provides venture funding, mentorship, prototype development support and pathways for international expansion.

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