AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
ROC Delhi has levied a ₹6.65 lakh penalty on a company for delays in appointing Independent Directors from 2016 to 2025, emphasizing compliance with the Companies Act provisions.
ROC Pune has imposed a penalty of ₹1.34 lakh for a delayed filing of Form INC-20A, reaffirming the need for timely compliance with corporate filings.
ROC Mumbai has imposed a penalty of ₹5,000 on a director for inaccurately reporting nil debentures while significant outstanding CCDs existed in MGT-7A filings.
ROC Kolkata has imposed a ₹20,000 penalty on directors for inaccuracies regarding the AGM date in the AOC-4 submission, reinforcing the need for precise information in corporate filings.
The Registrar of Companies (ROC) Kolkata has imposed a penalty of ₹20,000 on a company for filing incorrect MGT-7 forms. Marking the forms as defective does not absolve the parties from violations under Rule 8(3).
The government clarified that the Companies Compliance Framework Scheme 2026 (CCFS-2026) does not permit the strike-off of companies under Section 248. The scheme has been extended until August 31, 2026.
IndusInd Bank has incurred a penalty of ₹59.20 lakh from the RBI due to violations related to interest rates on deposits and securitisation practices.
The RBI has fined Northern Arc Capital Limited ₹6.20 lakh for not complying with disclosure requirements in financial statements.
The RBI has imposed a monetary penalty of ₹2.70 lakh on Fusion Finance Limited for non-compliance with KYC guidelines as mandated by RBI provisions.
The Allahabad High Court quashed a VAT demand of Rs. 5 lakhs, stating that enhancements in turnover cannot be justified without any adverse material. This ruling is pertinent for businesses facing VAT assessments.
Arjun Nihal Singh has joined Dentons Link Legal as a Partner in their Competition practice, bringing over a decade of experience in antitrust matters.
The landscape of brand protection has evolved with social commerce, necessitating new strategies for businesses. Companies must navigate brand engagement and regulations across social media ecosystems.
NYAI, India's first AI-native legal infrastructure platform, secured $1.5 million from prominent family offices for technology expansion. The funding aims to enhance their statutory database and improve their AI capabilities.