AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CESTAT upheld a penalty against a customs broker for facilitating the transport of duty-free goods to unauthorized locations. The decision reinforces compliance obligations under customs regulations.
The Allahabad High Court has stated that delays in criminal cases are caused by systemic issues beyond judicial inefficiency, including police cooperation and forensic challenges. Reform directives were issued along with a bail rejection.
ROC Chennai penalized a company and its director for failing to include PAN and email IDs of allottees in Form PAS-3. This ruling underscores the stringent compliance requirements mandated by Rule 14(6) of the Companies Act.
The article highlights the significance of accurate passport records in establishing residency for global tax compliance.
The Madras High Court has granted 30 days for a reply under Section 74 regarding the return of goods sent for job work, stressing limited exemptions for genuine errors.
The NCLT refused to dismiss the insolvency application against a corporate debtor, rejecting claims that the creditor's petition was malicious due to financial viability concerns.
The RBI has begun reviewing circulars issued under the Foreign Exchange Management Act to rationalize regulatory frameworks. This review targets expired or non-functional circulars since June 2000.
SEBI's proposal to amend custodian regulations seeks to replace annual payments with monthly fees to enhance compliance efficiency.
SEBI proposes shifting the Capacity Building Fund from NABARD to a Section 8 company to enhance governance in the Social Stock Exchange.
SEBI has launched a Settlement Helpdesk designed to aid applicants in filing settlement applications, computing indicative amounts, and tracking their status to streamline compliance.
This article discusses compliance obligations under the MSME Act and the Companies Act, emphasizing the necessity of timely payments to Micro and Small Enterprises.
This guide provides an overview of depreciation rates as per the Companies Act, 2013, and useful lives for various assets.
The article distinguishes between the definition of an associate company under the Companies Act and Ind AS, impacting consolidation outcomes.