RBI Imposes Penalty on Five Star Business Finance Limited
Five Star Business Finance Limited faces a ₹6.20 lakh penalty for KYC and Fair Practice Code violations.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Five Star Business Finance Limited faces a ₹6.20 lakh penalty for KYC and Fair Practice Code violations.
The RBI is set to conduct a Variable Rate Repo auction for ₹1,25,000 Crore on June 22, 2026, impacting liquidity in the market.
The recent post from PatSeer outlines a strategic three-pass funnel approach for efficient patent searches under deadlines, streamlining the research process.
The latest IP events and opportunities roundup includes highlights from the Open Source Hardware Association, focusing on innovative practices in the IP landscape.
The SpicyIP Summer School 2026 starts tomorrow, focusing on the 'Pharma Stack' of intellectual property. Participants will learn to view IP as strategic tools across various domains, enhancing their analytical skills.
The Bombay High Court quashed reassessment notices stating that the sanction was obtained under an incorrect provision, invalidating the notices.
The Orissa High Court quashed reassessment proceedings initiated 17 years post the relevant tax period, ruling them time-barred under the Odisha Entry Tax Act.
The Ministry of Corporate Affairs has announced a waiver of late fees for filing Form DPT-3 until July 31, 2026, due to disruptions caused by a recent data center fire. This extension provides relief to companies in fulfilling their compliance obligations.
NCLT Kolkata upheld a winding-up petition filed by the SFIO through a government-authorized officer, affirming the validity of such petitions under the Companies Act. This ruling clarifies the authority of SFIO in corporate insolvency matters.
The NCLT has permitted the Palco amalgamation scheme while requiring the company to hold meetings of equity shareholders, citing insufficient evidence for dispensation. This ruling clarifies the obligations under corporate amalgamation procedures.

In light of recent disruptions due to a data center fire, the Ministry of Corporate Affairs (MCA) has extended the deadline for DPT-3 filings until July 31, 2026.

The CBIC has released revised guidelines to standardize data entry procedures within the DIGIT system, aimed at enhancing consistency and efficiency across the platform.

The Institute of Chartered Accountants of India (ICAI) is enrolling 25 CA firms under the PM Internship Scheme aiming to create 2,000 internship opportunities, fostering practical training in the field.