AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi HC ruled that a company's ₹86 lakh ITeS turnover cannot be compared with American Express's ₹782 crore turnover for transfer pricing analysis due to the significant scale differences. This ruling impacts how companies approach transfer pricing assessments in India.
MCA's amendment recognizes zero coupon zero principal instruments issued by NPOs on the Social Stock Exchange as valid for CSR, creating new funding opportunities while ensuring fund utilization safeguards.
The Ministry of Corporate Affairs (MCA) has expanded the eligibility criteria for Corporate Social Responsibility activities to include investments in Zero Coupon Zero Principal Instruments, thereby promoting funding through Social Stock Exchanges.
The Delhi High Court ruled that expenses like phones and cars incurred by companies cannot be deemed personal expenditure. This ruling overturns a previous income tax disallowance, affirming that companies, as separate legal entities, do not incur personal expenses unlike individuals.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective from May 4, 2026.
The Supreme Court has ruled that certification of electronic evidence under the Bharatiya Sakshya Adhiniyam is not limited to government-notified examiners, allowing qualified private cyber forensic experts to certify records.
The Ministry of Corporate Affairs has reported that the insolvency resolution process under the IBC has led to creditor recoveries exceeding ₹4 lakh crore by March 2026, signaling the effective implementation of the Insolvency and Bankruptcy Code.
RBI invites comments on draft directions aimed at strengthening capital adequacy disclosures for banks to ensure improved risk reporting.
RBI mandates a three-year cooling-off period for co-operative bank directors after ten years of service to enhance governance and compliance.
Under new FEMA regulations, service exporters will be required to file monthly EDF declarations starting October 2026. Non-compliance may impact eBRC generation and GST refunds.
The Centre has approved the cadre restructuring of the Enforcement Directorate, significantly increasing its staff strength across various key functions. This decision aims to enhance the agency's operational capabilities.
The Directorate General of Foreign Trade has mandated that importers and exporters must annually update their Importer-Exporter Code (IEC) to prevent deactivation. This regulation is part of a broader strategy to ensure streamlined governance within India's import-export ecosystem.
The Finance Ministry has recognized ICICI Bank, Groww, and Upstox as reporting entities under the PMLA, enhancing digital financial verification systems in India. This move is significant for compliance and regulatory practices in the securities market.