Assessing Subsidiary’s Associate Status Under Companies Act
The article distinguishes between the definition of an associate company under the Companies Act and Ind AS, impacting consolidation outcomes.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The article distinguishes between the definition of an associate company under the Companies Act and Ind AS, impacting consolidation outcomes.
This article clarifies Section 186 provisions regarding guarantees related to loans and the exclusions provided by MCA Circular No. 04/2015.
The article clarifies why State Bank of India and Punjab National Bank are not subject to the Companies Act, unlike HDFC Bank, due to their statutory entity status.
The Ministry of Corporate Affairs has amended the KYC framework for directors, mandating the DIR-3 KYC filing only once every three financial years, thus reducing compliance burdens while maintaining DIN validation.

Ravi Agarwal is reappointed as the Chairman of the CBDT for another six months, continuing his leadership amid the implementation of the new Income Tax Act, 2025.

The Calcutta High Court denied an ad-interim injunction related to a consent decree during a CIRP moratorium, citing the absence of necessary documentation.

The Indian government has extended the full customs duty exemption on critical petrochemical products until July 15. This exemption was initially introduced in April due to geopolitical tensions in the West Asian region.
The Reserve Bank of India has modified reporting requirements under the Foreign Exchange Management Act, 1999, aimed at streamlining reporting processes for authorized entities. This initiative is expected to alleviate compliance burdens.
The RBI has initiated the 74th round of its quarterly manufacturing sector survey.
The interest rate for the Floating Rate Savings Bond for the latter half of 2026 has been set by the RBI.
The RBI is set to conduct an underwriting auction for government securities worth ₹34,000 crore.

The Finance Ministry has revised the customs tariff value for silver imports from USD 2,175/kg to USD 1,897/kg, effective from June 30, 2026. This change is expected to impact silver import operations significantly.