AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has approved a ₹17.25 crore resolution plan, stating that statutory obligations cannot be waived due to COVID-19-related disturbances. This ruling addresses the challenges during CIRP amid financial uncertainties.
The ITAT has ruled that payments made under Corporate Social Responsibility (CSR) fulfill the criteria for deductions under Section 80G of the Income Tax Act, provided all conditions are met.
A Superintendent of the Income Tax Office in Bhadrak, Odisha, has been apprehended by the CBI for allegedly demanding ₹4,000 as a bribe. The case highlights ongoing corruption issues within public offices.
The RBI will execute a Variable Rate Repo (VRR) auction on June 08, 2026, aimed at managing liquidity conditions in the market. The notified amount for the auction is set at ₹75,000 crore.
SEBI confirmed that renewable energy projects awarded through competitive bidding qualify as Public-Private Partnership (PPP) projects under InvIT regulations, emphasizing compliance with risk allocation standards.
SEBI proposed amendments to the framework for calculating Net Distributable Cash Flows (NDCF) for InvITs, incorporating enhanced safeguards and unitholder approval.
The NSE clarified that regulatory exemptions applicable to IBC Section 31 resolution plans do not extend to plans approved under Section 54L in the PPIRP framework, necessitating compliance with SEBI requirements.
SEBI has released a new Master Circular consolidating all previously issued AIF-related circulars into a unified compliance framework, enhancing regulatory clarity for Alternate Investment Funds.
A guide outlines the full FCRA registration process and mandates for NGOs engaging in foreign contributions, emphasizing the importance of documentation to prevent delays.
NCLT allows the conversion of shares into a guarantee company, bypassing regulatory objections due to shareholder consent.
This article explains how founder agreements delineate equity distribution, management roles, and dispute resolution mechanisms in venture-backed startups.
The revised DIN KYC rules now require compliance only once every third fiscal year. Directors are still responsible for reporting any changes to contact or address details within 30 days.
ICAI mandates that a new chartered accountant must not accept an audit assignment if fees are outstanding to any existing auditor, aiming at promoting healthy competition.