Auditor Reappointment Triggers ₹15 Lakh Compounding Fee
MCA imposes ₹15 lakh compounding fee on Shree Renuka Sugars for violating auditor tenure and rotation rules under Section 139.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
MCA imposes ₹15 lakh compounding fee on Shree Renuka Sugars for violating auditor tenure and rotation rules under Section 139.
NCLT approves amalgamation of Mawana Foods with Mawana Sugars effective April 1, 2026, preserving tax and regulatory benefits.
NCLT Ahmedabad dismisses oppression plea, citing insufficient grounds for compulsory share purchase despite inter-shareholder conflict.
NCLT Ahmedabad directs RoC to re-examine disputed DIR-12 filing under Rule 11; refuses immediate removal of directors.
NCLAT upheld the restoration of Ganton Projects but reduced the ₹10 lakh cost imposed to ₹5 lakh, holding the original amount to be disproportionate under Rule 87A of the Companies Rules.
RBI amends investment portfolio rules for Small Finance Banks to ensure uniform valuation and risk management standards.
RBI amends investment portfolio rules for All India Financial Institutions. Focuses on classification and valuation clarity.
RBI amends FEMA export-import rules to ease compliance and reflect trade developments. Key changes in documentation and reporting timelines.

The Karnataka High Court has temporarily stayed investigation into criminal proceedings against Rishabh Telang, co-founder of Cult.fit, involving allegations of cheating, forgery, and criminal breach of trust.
SEBI clarifies that a person need not be 'connected' to qualify as an insider if they possess or access UPSI under the Prohibition of Insider Trading Regulations.
SEBI has issued a consolidated Master Circular for Debenture Trustees effective 28 September 2026, replacing the August 2025 circular. The update streamlines compliance and incorporates recent regulatory changes.
The RBI has finalised the regulatory framework for novation of over-the-counter (OTC) derivative contracts, based on stakeholder feedback, enhancing risk management and settlement efficiency in financial markets.
The RBI has issued a series of amendment directions in 2026 to refine the classification, valuation, and operation of investment portfolios across commercial, small finance, payments, local area, and all India financial institutions.