Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI mandates that regulated entities report their natural calamity relief measures on a half-yearly basis through CIMS, effective July 2026, replacing the monthly reporting system.
The Institute of Company Secretaries of India (ICSI) has expressed appreciation for the MCA's decision to extend the CCFS 2026 deadline, supporting stakeholder compliance efforts.
The ROC has imposed a penalty of Rs. 10,000 on an auditor for failing to qualify an audit report on terminal benefits under AS-15, emphasizing compliance with accounting standards.
ROC Karnataka has imposed a penalty of Rs. 90,000 on a company and its directors for borrowing funds without obtaining prior board resolutions under Section 179(3)(d).
The ability of the Registrar of Companies (ROC) to take action beyond three years hinges on the nature of the action — inquiry, adjudication, or prosecution — and applicable provisions under the Companies Act.
Debates regarding the enforcement of defaults under the Old Companies Act, 1956 persist in light of recent decriminalization, necessitating clarity on the mechanisms of compounding or adjudication.
The Non-STP approval of MGT-14 does not modify the limitation period for ordinary defects and fraud under the Companies Act, reinforcing the existing statutory frameworks.
The validity of contracts approved by interested directors varies between private and public companies based on their quorum and disclosure rules. This nuanced distinction has significant implications for corporate governance.
The RBI hosted a conference focused on cooperative societies, emphasizing the need for enhanced governance. Key officials from the RBI and state registrars participated in the discussions.
The RBI has scheduled an Overnight Variable Rate Reverse Repo auction for September 3, 2026, with a notified amount of ₹6,00,000 crore. This auction is part of the RBI's liquidity management strategy.
In KVIC v. Jaishukh N. Bhuta, the Bombay High Court distinguishes between disobedience of an injunction and the consequences of that disobedience. This ruling has implications for how courts may approach punitive measures for breaches.
SEBI clarifies that D-PMS clients can pledge their securities without violating regulatory compliance, with assets under management remaining until invocation.