AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has issued guidelines enabling exporters to write off unrealized export proceeds, subject to certain limits and documentation requirements. This move aims to facilitate easier compliance for exporters and CFOs managing such accounts.
The SEBI Appellate Authority reaffirmed that it is not obligated to create or compile information as per the RTI Act. This decision pertains to vague and confidential queries submitted through the RTI process.
Uncertainty in West Asia has led to an increase in India's net crude import, with the Finance Ministry reporting that 70% of imports are secured outside the Strait of Hormuz. This trend raises concerns regarding fiscal deficits and current account balance.
The CBIC has issued a circular allowing temporary cargo operations diverted to Indian seaports and airports due to the closure of the Strait of Hormuz. This measure is aimed at facilitating trade amidst ongoing geopolitical tensions.
The SEBI First Appellate Authority has rejected an RTI appeal that sought clarifications outside of the CPIO's obligations under Section 2(f) of the RTI Act. The ruling underscores the Authority's position that such requests for opinions do not fall under the purview of the RTI.
The University of Cambridge emerged victorious at the 11th HSF Kramer-NLU Delhi International Negotiation Competition, held from August 21 to 23, 2026. The competition involved 38 teams from global law schools, showcasing rigorous negotiation skills.
Beginning on August 23, 2026, the 11th HSF Kramer-NLU Delhi International Negotiation Competition showcases teams negotiating key issues in an engaging format. Initial negotiations have focused on economic structures and valuation concerns, highlighting the importance of collaborative initiatives.
The Reserve Bank of India has issued guidelines permitting exporters to write off unrealized export proceeds under certain conditions. The guidelines specify limits on the write-offs, documentation requirements, and the necessity to surrender export incentives.
The SEBI Appellate Authority upheld the reply of the CPIO stating that requested PACL land allotment records are not in SEBI's possession, maintaining the integrity of the RTI process.
SEBI has provided informal guidance permitting discretionary Portfolio Management Services clients to pledge securities at their discretion, maintaining their status in Assets Under Management until invocation.
SEBI has released comprehensive studies on retail equity derivatives participation, analyzing their trading behavior, profitability, and trends in options trading for FY25-FY26.
The formation of five new districts in the Union Territory of Ladakh has led the RBI to assign lead bank responsibilities. This move aims to support developmental activities and financial inclusion efforts in the newly established districts.
The RBI announced the formation of new districts in Ladakh and assigned lead bank responsibilities. Financial institutions must adapt to the changes.