AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI seeks feedback on proposed changes to trading software and IT regulations aimed at enhancing efficiency. The changes intend to modernize the compliance framework and streamline operational norms.
The Kerala High Court has mandated that practitioners of electro-homeopathy must register under state laws, asserting that the practice cannot be viewed as unregulated.
The Supreme Court has declined to entertain a petition from a Himachal Pradesh judge challenging the Collegium's recommendation for judicial appointments. The court ruled that entertaining such a petition would open unnecessary legal avenues.
NCLT directed the convening of equity shareholders and unsecured creditors' meetings while dispensing with other meetings as part of a scheme of arrangement. The order provides for necessary procedural directions.
NCLT Mumbai approved meetings for shareholders and creditors of Delta Corp for a proposed business separation. The order outlines procedures for a composite demerger and amalgamation scheme.
A new collaboration between India's CSIR and Brazil's INPI focuses on access to the Traditional Knowledge Digital Library (TKDL), potentially influencing global biodiplomacy and traditional knowledge governance. This initiative extends the implications of patent examination practices.
The High Court has set aside the cancellation of GST registration, determining that the lack of specific factual reasons in the show cause notice left the taxpayer without a fair opportunity to respond.
The ITAT quashed an assessment due to a Section 143(2) notice issued by a non-jurisdictional Assessing Officer, highlighting the need for valid transfer orders.
The ITAT invalidated a transfer pricing adjustment of ₹85 crore due to a lack of digital signature on the order. This ruling emphasizes the necessity of proper authentication in tax orders.
The RBI has revised the Lead Bank Scheme guidelines to bolster credit planning and enhance financial inclusion initiatives across India.
The RBI has implemented a new multi-cycle credit reporting framework for Non-Banking Financial Companies (NBFCs). The new regulations mandate more frequent reporting cycles and enhanced compliance requirements.
The Karnataka High Court has determined that the provision of standard banking facilities by banks does not constitute a 'declared service' under section 66E(e) of the Finance Act.
Kerala's Revised Budget for 2026-27 launches amnesty schemes and vehicle tax adjustments to enhance compliance and promote vehicle registrations.