Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court ruled that reimbursements paid to EY US for secondee services are taxable as Foreign Technical Services (FTS) under Indian tax law. The ruling rests on the premise that the secondees provided technical knowledge to EY India entities.
SEBI plans to restore open market buy-backs through stock exchanges after tax changes improved equity treatment, introducing new compliance safeguards.
SEBI proposes amendments to the SDI Regulations to align with the RBI's framework for securitisation, enhancing market support.
SEBI introduces a fast-track AIF framework that transfers accountability from regulatory pre-approval to merchant bankers and fund managers, posing both benefits and challenges for investor protection.
This article discusses the implications of the NCLAT ruling on CFO appointments, emphasizing compliance with Section 203 for private companies appointing KMPs.
The NCLAT has overturned a CFO appointment, ruling that eligibility must align with Section 203 of the Companies Act, affirming the Act's precedence over company articles.
The Reserve Bank of India has set the cut-off underwriting commission rates for the latest auction. This auction is significant for Primary Dealers involved in government securities.
The 2026 amendment to FEMA allows individuals resident outside India to invest in Indian listed companies, thereby broadening the investment landscape and raising limits.
The Kerala High Court has set aside a National Company Law Tribunal (NCLT) order, confirming the right of corporate debtors to file additional objections in insolvency proceedings. This decision underscores the judiciary's stance on procedural fairness in insolvency cases.
The Reserve Bank of India has introduced the Credit Derivatives Directions, 2026, which establish a framework for the introduction of derivatives on credit indices and total return swaps. This direction is aimed at enhancing market operations and fostering financial stability.
The NCLAT has annulled a Chief Financial Officer's (CFO) appointment after determining that the first two nominees did not meet the eligibility criteria set forth in the Companies Act. This reinforces the importance of compliance with statutory requirements.
The DRT Chandigarh annulled a SARFAESI auction due to the bank's failure to provide a mandatory notice to legal heirs, highlighting compliance with statutory notice requirements.