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Court News

Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.

DIR-3 KYC: What Changed from 31 March 2026?
N/Acorporate

DIR-3 KYC: What Changed from 31 March 2026?

The 2025 amendment updates the requirement for DIR-3 KYC compliance from annual filings to a triennial format, prompting critical changes in compliance for directors.

Jun 6, 2026Read more →
Can a Loss-Making Company Issue Bonus Shares from Securities Premium?
N/Acorporate

Can a Loss-Making Company Issue Bonus Shares from Securities Premium?

The ruling clarifies that accumulated losses do not preclude a company from issuing bonus shares from its Securities Premium Account, provided Section 63 conditions are met and there are no financial defaults.

Jun 6, 2026Read more →
DGFT Notifies Agencies for Certificate of Origin under India-Oman CEPA
Directorate General of Foreign Tradecorporate

DGFT Notifies Agencies for Certificate of Origin under India-Oman CEPA

The DGFT has operationalized the Certificate of Origin framework under the India-Oman CEPA by designating authorized agencies and updating procedural guidelines.

Jun 6, 2026Read more →
Premature Redemption of Sovereign Gold Bond Series-III
Reserve Bank of Indiacorporatefinancial

Premature Redemption of Sovereign Gold Bond Series-III

The RBI announced that the redemption for the SGB 2021-22 Series-III is allowable on June 08, 2026. The redemption price will be determined based on the average closing prices of gold.

Jun 6, 2026Read more →
SEBI Proposes Third-Party Payments Flexibility in Mutual Funds
Securities Appellate Tribunalcorporatefinancial

SEBI Proposes Third-Party Payments Flexibility in Mutual Funds

SEBI issued a draft proposing limited relaxations on third-party payments in mutual funds, including compliance safeguards to enhance operational flexibility.

Jun 6, 2026Read more →
Cousin Can Be Independent Director as Cousins Are Not ‘Relatives’ Under LODR Rules
Securities Appellate Tribunalcorporateadministrative

Cousin Can Be Independent Director as Cousins Are Not ‘Relatives’ Under LODR Rules

SEBI clarified that it does not consider cousins as ‘relatives’ under the Companies Act and LODR Regulations, allowing cousins of promoter-group members to serve as Independent Directors.

Jun 6, 2026Read more →
NCLT Approves LLP Merger Enhancing Financial Flexibility
NCLTcorporate

NCLT Approves LLP Merger Enhancing Financial Flexibility

The National Company Law Tribunal has approved a merger of Limited Liability Partnerships (LLPs), emphasizing operational efficiency and financial flexibility for the involved entities.

Jun 6, 2026Read more →
Requirements for Company Letterhead Under Companies Act
Companies Act Compliancecorporate

Requirements for Company Letterhead Under Companies Act

Section 12(3) of the Companies Act mandates required disclosures on company letterheads, with penalties for non-compliance.

Jun 5, 2026Read more →
Digital Signing of Minutes Under Companies Act
Companies Act Compliancecorporate

Digital Signing of Minutes Under Companies Act

The article discusses the requirements for digitally signing board minutes according to the Companies Act and relevant Secretarial Standards.

Jun 5, 2026Read more →
Clarification on Resolutions by Circulation for Boards
Company Law Boardcorporate

Clarification on Resolutions by Circulation for Boards

The newly issued SOP confirms that resolutions passed by circulation have equivalent legal standing as those passed in formal meetings, facilitating urgent decision-making.

Jun 5, 2026Read more →
ICAI Recommends Banking Channels for Audit Fee Transactions
N/Acorporate

ICAI Recommends Banking Channels for Audit Fee Transactions

The ICAI has recommended that audit fees be received through banking channels or digital modes, encouraging accountability in transactions.

Jun 5, 2026Read more →
ICAI Allows CA Firms to Participate in PM Internship Scheme
N/Acorporate

ICAI Allows CA Firms to Participate in PM Internship Scheme

The ICAI has opened doors for chartered accountant firms to participate in the PM Internship Scheme, expected to enhance the global competitiveness of the profession.

Jun 5, 2026Read more →
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