AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
RBI prohibits rebooking of cancelled INR forex derivative contracts and reduces the unhedged position threshold to USD 5 million. New declaration requirements aim to prevent circumvention of hedging norms.
RBI issues multiple amendment directions in October 2026 to align capital adequacy norms for commercial, payments, small finance, and all-India financial institutions with international standards, particularly on legal opinions and valuation adjustments.
SEBI proposes stricter monitoring of issue proceeds, direct agency reporting, and penalties for non-cooperation by sponsors and auditors.
SEBI has proposed a new investor accreditation framework based on portfolio manager validation and ₹5 crore securities exposure.
SEBI has proposed replacing the 2020 Portfolio Managers Regulations with a comprehensive 2026 framework introducing PRIM, easing derivatives use, and enhancing client safeguards.
SEBI has proposed significant amendments to the Settlement Proceedings Regulations, 2018, introducing a revised penalty framework, extended timelines, and streamlined processes for enforcement settlements.
Entities with foreign investments must file FLA returns, FC-GPR, FC-TRS, and LLP reports on the RBI’s FIRMS portal by prescribed deadlines, with Business User registration required.
Indian residents investing in UAE businesses must comply with ODI norms and LRS limits, including net worth caps, AD bank reporting, and UIN requirements.
RBI prohibits rebooking of cancelled INR forex derivative contracts, lowers unhedged position threshold to USD 5 million, and mandates enhanced disclosure by end-users.
The Reserve Bank of India has mandated exporters to file an Electronic Declaration Form (EDF) with designated banks for all export transactions starting October 1, 2026.
The Institute of Chartered Accountants of India removed a CA's name from the register for one year for failure to report material financial irregularities and going concern risks in an audit.
The Himachal Pradesh High Court held that admission of a signature on a blank cheque raises a legal presumption of liability under Section 139 of the Negotiable Instruments Act, 1881. The accused must rebut this presumption to avoid conviction.
NCLT admits insolvency application citing ₹8.42 crore default; petition held within limitation due to acknowledgment of debt via last repayment.