AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI's Sixth Amendment has broadened the usage of SNRR accounts through IFSC branches, although it does not change the legal classification of various account transactions.
The RBI has modified the reporting requirements for Authorized Persons under FEMA, 1999, streamlining the framework for money changing and transfer services. This amendment intends to enhance operational efficiency.
The RBI has modified reporting requirements under FEMA in a directive aimed at enhancing clarity. These modifications are directed at all authorised persons in the foreign exchange domain.
The RBI has released draft Master Direction on money markets, inviting comments from stakeholders by July 17, 2026.
The Reserve Bank of India has released the auction calendar for Treasury Bills for the third quarter of 2026, enhancing investor awareness.
The RBI has announced an auction of Government of India Treasury Bills, with significant amounts expected across different maturities starting July 1, 2026.
The RBI has issued new directions regarding credit derivatives to expand the market for total return swaps on corporate bonds as part of the FY 2026-27 budget.
The RBI has introduced a Benchmark Issuance Strategy for State Governments to enhance market transparency for Quarter July - September 2026.
The Bombay High Court confirmed CESTAT’s verdict, ruling no evidence found of customs law violations by the broker, allowing retention of the customs broker licence.
The CBIC has designated a common adjudicating authority for multiple customs show cause notices, aimed at enhancing the consistency of adjudication processes under the Customs Act.
The Enforcement Directorate conducted searches at nine locations in Bengaluru and Mumbai related to contraventions of the Foreign Exchange Management Act. Various incriminating documents were seized during these operations.
The Calcutta High Court has directed the Detective Department to expedite its inquiry into a ₹13 crore duping fraud case and submit a report to the jurisdictional Magistrate. This decision emphasizes the importance of prompt action in financial fraud investigations.
The Reserve Bank of India has released draft directions on revised instructions concerning Net Open Position for regulated entities, seeking stakeholder input.