Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has amended FEMA regulations to replace NCLT references with 'Competent Authority,' broadening the scope of authorities recognized under the law for approving cross-border mergers.
The RBI has modified FEMA regulations, reducing the timeframe for exporters to realize and repatriate export proceeds from 15 months to 9 months, enforcing stricter compliance requirements.
The RBI has decided to retain the repo rate at 5.25% while maintaining a neutral stance in light of escalating inflation risks and global economic uncertainties.
The RBI has mandated that all specified Foreign Exchange Management Act (FEMA) reports must now be submitted digitally through the Centralized Information Management System (CIMS) from June 30, 2026.
Companies can issue bonus shares from their Securities Premium Account even if they are facing accumulated losses, provided they comply with the required statutory conditions outlined in Section 63.
Myntra Designs Pvt. Ltd. has been penalised by the Reserve Bank of India for violations of the Foreign Exchange Management Act. This case highlights the necessity of complying with regulatory filings in overseas investments.
The NCLAT has held that banks cannot be found guilty of wilful contempt for not releasing non-fund based credit facilities as per an approved resolution plan, unless there is clear evidence of deliberate defiance of court orders.
The RBI has issued amendments to the governance directions for urban co-operative banks, strengthening the requirements for board constitution and oversight.
The RBI has amended the governance directions for rural co-operative banks, enhancing the framework for board constitution and governance.
The RBI has issued amendments affecting Foreign Portfolio Investors' investments in government securities, aimed at improving regulatory oversight and compliance in this sector.
The RBI has amended the Foreign Exchange Management (Cross Border Merger) Regulations, streamlining processes for cross-border mergers. This amendment modifies previous regulations to facilitate smoother cross-border transactions and compliance for companies engaged in mergers.
The Reserve Bank of India has amended the Foreign Exchange Management Regulations for exports, enhancing compliance measures under the Foreign Exchange Management Act. These changes streamline requirements for exporters of goods and services, ensuring better regulatory oversight.