Welcome you to the Fifty fourth edition of DevMantra Times for the month of September 2025. The Securities Appellate Tribunal (SAT/SAFEMA) clarified that penalties cannot be enhanced beyond 100% of the contravention amount, while in another case it raised penalties from Rs 10 lakh to Rs 1 crore each for culprits behind forex irregularities causing a Rs 23.64 crore loss and Rs 4.90 crore foreign assets acquisition.
SARC launches operations in US under global expansion plans: Indian professional services firm SARC has commenced operations in California, focusing on mid-market enterprises and startups. This marks the beginning of its international expansion strategy, with plans to enter other global hubs, including Japan and Germany, over the next five to seven years.
