AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has released new guidelines on statutory audits for commercial banks, detailing requirements for auditor appointments and coverage to improve accountability.
The RBI's new directions on Fraud Risk Management outline critical frameworks for identifying and mitigating fraud in commercial banking operations.
The RBI has issued new directions focused on security controls for digital payments, enhancing safeguards against financial fraud and cyber threats.
The Reserve Bank of India has issued new directions focused on cybersecurity and technology resilience for commercial banks, addressing increasing cyber threats and ensuring secure banking operations.
The Reserve Bank of India has introduced new directions pertaining to the compliance function of commercial banks, establishing a framework for governance and oversight in banking practices.
The IRDAI has addressed public comments on the draft Manner and Procedure for Imposing Penalties Regulations, clarifying terms and procedures for enforcement. This move aims to enhance accountability in the insurance sector.
The IRDAI has issued its responses to public comments regarding the Draft Actuarial, Finance and Investment Functions Amendment Regulations, revising them based on stakeholder inputs. Key modifications have been detailed.
The IRDAI has published a comprehensive summary of responses to public comments concerning the Draft Policyholders' Education and Protection Fund Regulations, 2026. The response addresses fund management and committee governance.
The Rajasthan High Court set aside the arbitrary suspension of an IRS officer, restoring service benefits and promoting consideration. The court awarded ₹5 lakh as exemplary costs due to the wrongful suspension.
The Reserve Bank of India has launched a concessional swap facility for FCNR(B) deposits, ECBs, and OFCBs, operational until late 2026. This initiative aims to bolster forex inflows, supporting the country's forex liquidity.
The Delhi High Court's extensive pro-tem security deposit order in InterDigital v. Transsion provides nuanced insights into standard-essential patents and interim orders.
The Bombay High Court has granted interim protection against a GST demand regarding flats given free of charge to landowners, preventing coercive action without judicial consent. This decision underscores the importance of fair procedures in tax assessments.
The Kerala High Court ruled that non-receipt of an assessment order does not allow taxpayers to bypass statutory appeals, emphasizing the statutory obligations of tax authorities.