Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court has reserved its judgment on petitions challenging irregularities in the Bar Council of Delhi elections after intensive hearings over the weekend.
The RBI has published its 46th Half-Yearly Report detailing the management of India's foreign exchange reserves. This report emphasizes the commitment to transparency and the implications for economic stability.
The Directorate General of Foreign Trade (DGFT) has introduced six new Standard Input Output Norms (SIONs) for chemicals and allied products. This development streamlines the Advance Authorisation process by permitting Regional Authorities to directly issue authorisations, enhancing efficiency in approvals.
Justice Pankaj Mithal raises concerns regarding persistent appeals from the NCLAT to the Supreme Court, questioning the effectiveness of the tribunal system.
Guidelines for when private limited companies may borrow under MCA exemptions require careful assessment of thresholds and default conditions regarding shareholder approvals.
This article outlines the necessary approvals from Audit Committees, Boards, and shareholders for related party transactions, guiding companies in compliance with the Companies Act and SEBI regulations.
Recent NCLT decisions indicate that the lack of specific procedural rules does not prevent conversion from a company limited by shares to a company limited by guarantee as provided under Section 18.
Founder agreements are essential in venture-backed companies, clarifying equity allocation, management responsibilities, and exit strategies. This framework helps in mitigating disputes and stabilizing governance.
The ICAI has imposed fines on a Chartered Accountant for accepting an audit assignment without formal communication to the previous auditor, breaching the requirements of Section 140 of the Companies Act.
The Institute of Chartered Accountants of India (ICAI) has revised its ethics code regarding the advertising of sustainability assurance services. Providers must consult the Ethical Standards Board if uncertain about advertising appropriateness.
The ICAI imposed a fine on a Chartered Accountant for not properly communicating with the previous auditor before accepting a new audit assignment, violating Section 140 of the Companies Act.
The RBI has initiated its annual survey on Computer Software and IT Services Exports for the fiscal year 2025-26, aimed at enhancing data collection for external sector statistics.