Company Registration 3 November 2026
India Compliance Flash: BJP Defections, SEBI Penalty, TRAI Fine
Two independent Bihar MLCs joining the BJP sparked opposition calls for disqualification under anti‑defection law, while the party faces scrutiny. In the corporate sphere, SEBI fined Praveg Ltd ₹2 lakh for amalgamation breaches, and TRAI imposed an ₹89.16 lakh penalty on Vodafone Idea for regulatory non‑compliance. Additional updates include Sharpline Broadcast’s new company secretary, a ₹1.62 lakh NSE fine on Lyka Labs for delayed reporting, NCLAT upholding Sify Technologies’ insolvency plan, Tata Consumer Products earning a 64.72 ESG score, and Quess Corp’s Q2 FY27 analyst briefing.
- Bihar MLC defection: Two independent legislators joined the BJP, prompting opposition leaders to demand disqualification under the anti‑defection law. Read more
- SEBI penalty on Praveg Ltd: The securities regulator fined the company ₹2 lakh for non‑compliance in its amalgamation process. Read more
- TRAI fine on Vodafone Idea: TRAI levied an ₹89.16 lakh fine for alleged regulatory breaches in the quarter ending Dec 2024. Read more
- Corporate compliance notes:
- - Sharpline Broadcast appointed Amit Shekhar as Company Secretary. Read more
- - Lyka Labs fined ₹1.62 lakh by NSE for delayed annual report. Read more
- - NCLAT upheld Sify Technologies’ insolvency plan. Read more
- - Tata Consumer Products posted an ESG score of 64.72 for FY26. Read more
- - Quess Corp disclosed Q2 FY27 results at its analyst meet. Read more
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