Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI has clarified that authorised dealers must treat cancellation and rebooking of forex derivative contracts as fresh transactions, requiring fresh end-use documentation. This aims to curb circumvention of exchange control norms.
The Delhi High Court upheld rejection of a patent for 'Co-crystals of Tramadol and Coxibs' due to lack of inventive step, while affirming its novelty, clarifying the hierarchical application of patentability criteria under Indian law.
SEBI proposes enabling depository receipts for REITs and InvITs at IFSC to attract foreign investment and improve global access.
SEBI proposes stricter monitoring of issue proceeds, direct agency reporting, and penalties for non-cooperation by sponsors and auditors.
SEBI has proposed a new investor accreditation framework based on portfolio manager validation and ₹5 crore securities exposure.
SEBI has introduced a Common Advertisement Code under the 2026 Intermediaries Regulations, harmonizing promotional rules for brokers, mutual funds, and research analysts.
SEBI has proposed replacing the 2020 Portfolio Managers Regulations with a comprehensive 2026 framework introducing PRIM, easing derivatives use, and enhancing client safeguards.
SEBI has proposed significant amendments to the Settlement Proceedings Regulations, 2018, introducing a revised penalty framework, extended timelines, and streamlined processes for enforcement settlements.
FEMA 1999 regulates foreign exchange in India, empowering RBI to frame rules on capital and current account transactions, with penalties up to thrice the sum involved.
Entities with foreign investments must file FLA returns, FC-GPR, FC-TRS, and LLP reports on the RBI’s FIRMS portal by prescribed deadlines, with Business User registration required.
Indian residents investing in UAE businesses must comply with ODI norms and LRS limits, including net worth caps, AD bank reporting, and UIN requirements.
RBI prohibits rebooking of cancelled INR forex derivative contracts, lowers unhedged position threshold to USD 5 million, and mandates enhanced disclosure by end-users.