Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe FEMA Export-Import Regulations, 2026, consolidate and update compliance requirements for exporters, covering EDF, EDPMS, third-party payments, and merchanting trade, effective 1 October 2026.
FeaturedThe Reserve Bank of India (RBI) has introduced a mandatory Export Declaration Form (EDF) for service exporters, effective 1 October 2026. The requirement aims to strengthen external trade reporting under FEMA, with monthly filings due within 30 days.
FeaturedRBI issues Amendment Directions, 2026, updating share acquisition and voting rights frameworks for Payments Banks, Small Finance Banks, Local Area Banks, and Commercial Banks. The revisions align with evolving ownership norms and risk governance expectations.
FeaturedThe RBI extended regulatory restrictions on The Industrial Co-operative Bank Ltd., Guwahati, until October 4, 2026, under Section 35A of the Banking Regulation Act. The bank remains under enhanced monitoring.
FeaturedUnion Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.
FeaturedRBI grants one-time approval for major shareholdings in Local Area Banks, Payments Banks, Small Finance Banks, and commercial banks for qualifying mutual funds, insurers, and pension funds.
FeaturedRBI revises acquisition norms for commercial banks, requiring prior approval and enhanced disclosure for significant shareholding changes.
FeaturedA Bengaluru special court remanded Ozone Group Chairman Vasudevan Satyamurthy to 14-day ED custody in a money laundering case involving ₹927.22 crores, after the agency alleged proceeds of crime linked to real estate projects.
FeaturedRBI notifies financial entities of new terrorist organisation designated under UAPA, 1967. Mandates immediate asset freezes and compliance with surveillance protocols.
FeaturedRBI mandates financial entities to implement amendments to UNSC sanctions list under UAPA. Includes addition of terrorist organisation and modifications to existing entries.
FeaturedThe Government of India has designated a new terrorist organisation under Section 35(1)(a) of UAPA, 1967, requiring financial institutions to freeze associated assets and report compliance immediately.
FeaturedThe Reserve Bank has notified financial institutions of an update to the UNSC 1267/1989 ISIL & Al-Qaida sanctions list under Section 51A of the UAPA, 1967, requiring immediate compliance for freezing assets linked to designated individuals or entities.