The update highlights the Supreme Court’s split verdict on Section 17A of the PC Act concerning prior approval for investigation of public servants. The issue has now been referred to a larger Bench for final adjudication.

This article explains which companies must appoint Key Managerial Personnel under Section 203 of the Companies Act, 2013. It highlights compliance thresholds, required positions, and governance obligations for listed, public, and private companies.

Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a company not having share capital. Instrument must be executed by or on behalf of both transferor and transferee and delivered to company

ICAI clarified that ITC wrongly reversed under Table 4(B)(1) instead of Table 4(B)(2) can still be reclaimed within statutory timelines. The FAQs explain how taxpayers can rectify such reporting errors through future GSTR-3B adjustments.

The FAQs explain how the 60 Tax Audit assignment ceiling will operate through the UDIN system from 1 April 2026. ICAI clarified which audit forms will count toward the limit and how assignments across firms, branches, and revised reports will be treated.