Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has modified the foreign exchange risk reserve framework to promote market stability, requiring authorised dealers to maintain dynamic provisioning based on open derivative positions.
The RBI has issued updated guidelines for Authorised Dealer Category-I banks operating in International Financial Services Centres, requiring enhanced risk management protocols for inter-bank dealings and derivatives rebooking.
Conflicting approaches emerge as Calcutta and Delhi High Courts differ on whether non-use cancellation proceedings under Section 47 trigger automatic stay of infringement suits under Section 124.
The Delhi High Court held that a formal declaration is not required to invoke Section 11(2) of the Trade Marks Act, 1999, allowing parties to assert well-known status based on evidence in individual proceedings.
SEBI amends Mutual Fund advertisement rules, replacing Fifth Schedule with Common Advertisement Code under Intermediaries Regulations.
SEBI proposes to expand FPI access to commodity derivatives with safeguards including T-3 settlement, position transfer limits, and risk controls.
SEBI proposes to extend Vault Managers Regulations to gold and silver ETFs, bullion derivatives, with uniform custody, insurance, and compliance norms.
SEBI proposes listing depository receipts of REITs and InvITs at International Financial Services Centres, enabling NRI participation and foreign currency fundraising.
SEBI proposes EODB-aligned changes to REIT and InvIT rules, including 75% voting thresholds, sponsor exit rights, and public float norms.
SEBI proposes to ease Regulation 62A for first-time NCD issuers, removing mandatory retrospective listing while retaining requirement for future issuances.
SEBI proposes a new accreditation framework allowing portfolio managers to certify sophisticated investors based on securities exposure. The move introduces ₹5 crore exposure threshold and three-year validity.
SEBI has proposed amendments to the Settlement Proceedings Regulations, 2018, introducing a revised penalty formula, extended filing timelines, and streamlined procedures. The move aims to enhance transparency and efficiency in enforcement settlements.