AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has issued the Second Amendment Directions for urban co-operative banks concerning the classification, valuation, and operation of their investment portfolios. This amendment is aimed at refining investment strategies to enhance financial stability.
The RBI issued a circular on Rupee accounts maintained by non-resident banks requiring Authorized Dealer banks to provide an updated list of all their offices or branches holding such accounts. The directive aims to enhance the regulation and reporting mechanisms related to foreign currency transactions.
The RBI reported the summary results of a buyback auction for government dated securities, with no amounts accepted. This may influence the market's perception of government financing.
As of September 03, 2026, the RBI has reported pertinent money market operations, reflecting on liquidity conditions. This summary aids in evaluating the economic climate before the upcoming auction.
BSE has issued FAQs to clarify the filing process for record dates, compliance issues, and timelines related to corporate actions, helping listed entities navigate their obligations.
SEBI has announced an extension for the implementation of revised trading norms for Exchange Traded Funds (ETFs) until September 7, 2026. This includes changes to pricing practices and auction processes.
The Madras High Court clarified that a wife is not to follow her husband like a dog in a Vodafone advertisement, highlighting the importance of individual autonomy in matrimonial relationships.
The Madras High Court dismissed MK Stalin's petition regarding EVM verification irregularities during elections. The bench ruled the plea as not maintainable, further complicating challenges to the electoral process.
The RBI mandates that regulated entities report their natural calamity relief measures on a half-yearly basis through CIMS, effective July 2026, replacing the monthly reporting system.
The Institute of Company Secretaries of India (ICSI) has expressed appreciation for the MCA's decision to extend the CCFS 2026 deadline, supporting stakeholder compliance efforts.
The ROC has imposed a penalty of Rs. 10,000 on an auditor for failing to qualify an audit report on terminal benefits under AS-15, emphasizing compliance with accounting standards.
ROC Karnataka has imposed a penalty of Rs. 90,000 on a company and its directors for borrowing funds without obtaining prior board resolutions under Section 179(3)(d).
The ability of the Registrar of Companies (ROC) to take action beyond three years hinges on the nature of the action — inquiry, adjudication, or prosecution — and applicable provisions under the Companies Act.