AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
ROC Bangalore imposed a ₹4.50 lakh penalty for failure to disclose board meeting proceedings, highlighting the need for companies to adhere to corporate governance norms.
The ROC imposed a penalty of ₹3.50 lakh on a company for failing to timely file CSR-2, emphasizing compliance with statutory deadlines under the Companies Act.
The Reserve Bank of India has issued draft Amendment Directions on interest rates for deposits, aimed at providing banks with more pricing flexibility while ensuring uniform disclosures.
The Bombay High Court has issued an injunction against media outlets from publishing defamatory content regarding the late actor Rajesh Khanna's former residence. The ruling aims to protect the privacy and dignity of the current owner.
The GST Council has notified new IGST Settlement Rules for 2026 aimed at enhancing the IGST settlement mechanism, as per recommendations from the Finance Ministry.
The Gauhati High Court upheld the validity of consolidated GST show cause notices and orders for multiple financial years, denying writ relief while allowing appeal under Section 107 with interim protection.
The Finance Ministry has announced the introduction of new FEMA Compounding Rules, clarifying procedures and sharing relevant Disposal Data to streamline enforcement. These updates aim to enhance regulatory compliance and efficiency.
The SAFEMA Tribunal has upheld the attachment of ₹7.93 crore under the PMLA in a significant adverse ruling for Manik Bhattacharya. The Tribunal dismissed appeals, reinforcing the necessity for robust evidence in financial investigations.
The SAFEMA Tribunal has set aside a PMLA attachment order involving a Director's wife due to insufficient reasoning in the initial findings, remanding the case for further investigation. This decision emphasizes the need for transparent reasoning in financial enforcement actions.
The Karnataka High Court reversed a Single Judge's decision, affirming that consolidated GST show cause notices for multiple tax periods are permissible.
The Andhra Pradesh High Court has directed the appellate authority to resolve a seven-year-old income tax appeal within four months, providing relief to the taxpayers against coercive recovery actions until the case is decided.
The Calcutta High Court has ruled in favor of releasing a deposit of ₹1.38 crore to an appointed committee in the Tower Infotech dispute, concluding a connected writ petition.
SEBI has clarified compliance requirements under Regulation 62A for entities assuming obligations under corporate restructuring involving unlisted NCDs.