AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has initiated a review of all circulars issued under the Foreign Exchange Management Act, 1999, aiming to streamline regulations and eliminate obsolete provisions. This update is key for compliance in the financial sector.
SEBI has amended the FVCI Regulations, 2000 to revise fee amounts and streamline remittance processes. The changes will take effect in 180 days.
The Reserve Bank of India is set to auction 91-day, 182-day, and 364-day Treasury Bills, targeting an aggregate of ₹17,000 Crore. This auction is expected to attract significant interest from market participants.
Anjali Tripathi's analysis of the removal of the Satluj film from ZEE5 raises pressing questions about government censorship and the application of Section 69A. The discussion highlights concerns over copyright being used as a means to restrict access to cultural content.
The National Financial Reporting Authority (NFRA) has called upon auditors to critically review all uncorrected errors prior to the finalization and sign-off of audit reports, emphasizing the importance of accurate financial reporting.
The NCLAT has upheld a civil court decree affirming a buyer's possession of properties, limiting the NCLT's jurisdiction in such disputes.
The NCLT has ruled that the invocation of a loan-cum-pledge agreement during a CIRP moratorium is void, reinforcing the protection of assets.
The NCLT has admitted a plea under Section 7 against SWAL Limited, affirming that inter-corporate loans with interest are classified as financial debts under the IBC.
The RBI has amended responsible business conduct for Payments Banks, enhancing security for customers against unauthorized transactions.
The RBI has announced amendments to responsible business conduct directions for Local Area Banks, enhancing customer protection measures.
The RBI has revised directions on responsible business conduct for Regional Rural Banks, emphasizing customer protection.
The RBI has amended responsible business conduct directions for Urban Co-operative Banks, focusing on customer protection measures.
The RBI has issued third amendment directions ensuring responsible business conduct for Rural Co-operative Banks, focusing on customer protection.