Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
ICAI removed a CA's name from its register for one year for failing to report ₹1,150 crore of fund siphoning and audit lapses, including inadequate assessment of going concern risks.
SEBI amends Research Analysts Regulations, making call recordings optional for communications with institutional investors from November 2026.
CBDT has notified the 6th Amendment Rules, 2026, amending Rule 231 and Form 161 to include new reporting requirements, enhancing disclosure norms for tax administration.
SEBI levied a ₹1 lakh penalty on a broker for failing to maintain pre-order authorisations for 38 clients and inadequate IP address logging, breaching surveillance norms.
SEBI’s Appellate Authority dismissed an RTI appeal alleging misleading responses by CPIO, holding that public authorities cannot be compelled to create or invent non-existent records.
RBI permits deferment of option premium under specific conditions in commercial banking operations, easing short-term liquidity burdens for hedgers.
SEBI proposes relief from retrospective listing under Reg 62A for first-time issuers while maintaining mandatory requirements for subsequent issues.
SEBI introduces a manager-led investor accreditation model with ₹5 crore exposure threshold and deemed recognition for overseas investors.
SEBI has amended its recruitment regulations for officers, introducing mandatory 60% graduation marks, CGPA conversion norms, and equivalence criteria for foreign degrees.
SEBI Appellate Authority upholds rejection of RTI appeal, ruling that non-availability of PACL-related information cannot compel creation of records.
SEBI clarifies fixed deposit requirements for registered research analysts, including FD procedure, lien with RAASB, and mutual fund alternatives.
RBI rationalises currency management framework by withdrawing outdated circulars and consolidating instructions into current Master Directions.