AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has revised the investment portfolio management guidelines for Rural Co-operative Banks to strengthen their financial resilience.
The RBI has implemented new guidelines through Amendment Directions targeting the investment portfolio management for Regional Rural Banks.
Several State Governments have announced auctions of state government securities totaling ₹18,600 Crore. This auction reflects the states' efforts to raise necessary funds for various development projects.
This article discusses the significance of the French language in international copyright law, particularly under the Berne Convention. It highlights the prevailing authority of the French text in case of divergence.
Justice C Pratheep Kumar of the Kerala High Court delivered a farewell address reflecting on his tenure and expressed satisfaction with his judicial contributions before retiring.
The ITAT ruled that the costs related to improvements cannot be disallowed solely based on a subsequent cancellation of a supplier's VAT registration.
The ITAT upheld the deletion of additions that were made solely on procedural grounds, emphasizing substantive evaluation over mere technicalities.
The ITAT deemed State Bank of India liable for not deducting tax on LFC payments related to foreign travel and distinguished a past High Court order based on the absence of specific interim relief.
The RBI has released new directions addressing the disbursement of government pensions through Agency Banks. The directive emphasizes accountability and clear definitions to ensure the smooth execution of pension distribution.
The RBI has begun the withdrawal of ₹2000 denomination banknotes from circulation, with periodic updates on this status. Deposits and exchanges at bank branches were available until October 7, 2023.
The ITAT Delhi found that notional interest on advances cannot be taxed unless there is actual income accrual, ensuring fair tax treatment for business transactions.
SEBI has revised the Monthly Cumulative Report format for mutual funds, effective June 2026, to reflect new scheme categories. This change aims to improve reporting standards in the industry.
SEBI clarified that clients under Non-Discretionary PMS can pledge their shares for personal borrowing. This decision safeguards clients' rights without classifying it as borrowing by portfolio managers.