Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has clarified the reporting requirements for Portfolio Investment Positions, enhancing the accuracy and consistency of cross-border investment data.
FEMA mandates strict compliance for companies receiving foreign investments, including reporting and approval requirements, to avoid penalties and regulatory action.
The Ministry has expanded the Board of Trade, adding 40 non-official members to enhance India's export competitiveness and trade policy. This reconstitution aims to bolster state-level participation and infrastructure development in foreign trade.
The NCLT Delhi has rejected an insolvency plea by Jiostar India, clarifying that unexecuted agreements do not constitute operational debt under section 9 of the IBC. The dismissal allows for recovery through other legal means.
The RBI has announced updates related to the implementation of UAPA regarding changes to the UNSC sanctions list, impacting compliance protocols for financial institutions.
The RBI has announced the formation of a new district in Assam and the assignment of lead bank responsibilities, reflecting administrative changes in the region.
The RBI has issued new guidelines for Authorized Dealer Category-I banks regarding the submission of returns on the Centralized Information Management System (CIMS), aiming to improve data management and oversight.
The interest rate for the Government of India Floating Rate Bond 2031 has been set at 6.64% per annum for the upcoming half-year. This is based on the average yield of prior T-Bill auctions.
The RBI has announced an auction for state government securities, offering an opportunity for investment in various states. The collective offering amounts to ₹14,800 crore.
The Standard Operating Procedure (SOP) clarifies that resolutions passed by circulation hold the same legal standing as those passed in formal board meetings, allowing for urgent decision-making.
The 2025 amendment updates the requirement for DIR-3 KYC compliance from annual filings to a triennial format, prompting critical changes in compliance for directors.
The ruling clarifies that accumulated losses do not preclude a company from issuing bonus shares from its Securities Premium Account, provided Section 63 conditions are met and there are no financial defaults.