AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI clarifies that Alternative Investment Fund units are not treated as mutual funds and remain subject to prudential limits under Portfolio Managers Regulations.
SEBI has updated the certification norms for specialized investment fund distributors, replacing the Series XIII certification with NISM Series V-D.
SEBI clarifies compliance obligations under Regulation 62A for entities assuming outstanding unlisted NCD obligations after restructuring.
SEBI has revised the securities transmission framework, introducing QTP with standardized documents and streamlined processing timelines effective July 23, 2026.
A detailed guide on the SEBI SCORES authentication process has been released, covering complaint handling, compliance obligations, and timelines for registered intermediaries.
The Calcutta High Court has provided interim protection to TMC MP Mahua Moitra against police action regarding a hate speech case, following her plea to quash criminal proceedings.
A Chandigarh court has refused bail to a Hyderabad man charged with sharing a scandalous tweet about Prime Minister Modi, citing potential for public disturbance. The court emphasized the seriousness of the allegations against the accused.
The Delhi High Court's extensive pro tem order in InterDigital v. Transsion is notable for its clarity and balanced approach to SEPs, establishing new protocols around security deposits in ad-interim injunctions.
The Karnataka High Court dismissed a revision petition from the revenue department against Jindal, emphasizing the importance of consistency in tax assessment. The court found that the revenue's actions constituted 'pick and choose' in challenging the ITC computation methodology.
The Karnataka High Court has ruled that no income tax deduction can be claimed for secret commissions paid to private executives without proving the genuineness of the expenditure.
The Karnataka High Court has directed the EPFO to pursue its provident fund dues claim before the NCLT in liquidation proceedings, dismissing the writ case.
The CESTAT ruled that a freight concession under the Wagon Investment Scheme is not taxable, quashing the service tax demand on UltraTech Cement.
CESTAT upheld the entitlement to CENVAT credit on reverse charge services despite an incorrect invoice address, clarifying that procedural irregularities do not warrant denial of credit.