Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI revises capital adequacy norms for AIFIs and Payments Banks, introducing 2% risk weight on QCCP exposures effective October 2026.
From 7 October 2026, RBI mandates a 2% risk weight on specified QCCP trade exposures for small finance banks under revised capital adequacy norms.
The Madras High Court upheld the cancellation of FCRA registration of a Zen trust that misrepresented its religious nature, affirming that transparency in application is mandatory for foreign funding eligibility.
Effective 1 October 2026, the RBI revised FEMA export regulations mandate a 9-month foreign exchange realisation period and 12 months for INR-denominated exports, with clarifications on Authorised Dealer Bank extensions and compliance obligations.
RBI removes fixed remittance limits on Form A2, requiring authorized dealers to establish board-approved internal policies for processing physical and online remittance requests.
RBI has moved NRD-CSR (R012) reporting under the CIMS Sankalan Portal, requiring monthly submissions by the 10th with revised formats and three approved filing channels.
RBI mandates monthly filing of Export Declaration Form (EDF) for service exporters under FEMA from 1 October 2026. Non-individual entities must comply with 30-day filing deadlines and realisation norms.
Digital creators earning overseas income must file Export Declaration Forms (EDF) under FEMA rules effective 1 October 2026, aligning influencer income with formal forex reporting.
RBI deletes Paragraph 38 on option premium deferment from commercial banks’ foreign exchange guidelines, effective 1 April 2027.
RBI annual performance reporting (APR) applies to Indian entities with overseas investments; filings require audit confirmation and are due by June 30.