Dear Subscriber, Thank you for subscribing. The complete September 2026 issue is available below, together with a one-page covering note. Both are also being sent to you by email. Downloads: Compliance Newsletter, September 2026 (35 pages, PDF) Covering note for subscribers (1 page, PDF) This month in brief: September 2026 was a month in which the regulators tightened the frame around both insolvency and disclosure: the IBBI's direction to insolvency professionals to watch fo

Over the past 18 months, the Registrar of Companies (ROC) has intensified penalty orders under Section 454 of the Companies Act, 2013. What is striking is the shift in focus: Penalties are no longer confined to delayed annual filings. They are targeting procedural governance deficiencies: • Non-compliance with Secretarial Standard-1 (SS-1) on notice circulation and recording dissent in minutes. • Ambiguity in identifying "Officers who are in default" when board decisions cros