AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has proposed sweeping reforms to the SME IPO regime, introducing market-cap-based eligibility, a ₹3 crore operating profit criterion, reduced application size to ₹1 lakh, and revised migration rules to mainboard.
SEBI upholds interim ban on Rajesh Exports and chairman for non-cooperation with forensic audit.
Kerala HC rejects Pinarayi Vijayan and family's appeals against FIR in CMRL-Exalogic procurement case.
Kerala High Court suspends jail term of former DGP Tomin Thachankary in disproportionate assets case pending appeal.
Proper disposal, inventory, and sampling of seized drugs under Section 52A NDPS Act are mandatory; non-compliance risks acquittal.
Comprehensive compliance guide for Indian entities investing in UAE businesses under ODI and Liberalised Remittance Scheme. Covers valuation, funding, reporting and AD bank roles.
31 FAQs clarify coordination between RBI and Enforcement Directorate in FEMA violations. Distinctions from PMLA attachments and adjudication process outlined.
Updated guide to RBI's FIRMS portal covers FC-GPR, FC-TRS, FLA returns, Entity Master registration, and LLP reporting deadlines. Timely submission is mandatory under FEMA.
RBI prohibits rebooking of cancelled INR forex derivative contracts and reduces the unhedged position threshold to USD 5 million. New declaration requirements aim to prevent circumvention of hedging norms.
The Reserve Bank of India has increased the daily minimum Cash Reserve Ratio (CRR) maintenance requirement from 90% to 99%, effective 16 October 2026, under Section 42(1) of the RBI Act, 1934. The move aims to enhance liquidity discipline among banks.
The Himachal Pradesh High Court held that admission of a signature on a blank cheque raises a statutory presumption of its lawful issue under Section 139 of the Negotiable Instruments Act. Non-rebuttal leads to conviction.
The Kerala High Court held that a commercial suit filed before an ordinary civil court cannot be rejected for lack of jurisdiction. Instead, the plaint must be returned for presentation to the appropriate commercial court.
The ITAT has deleted a ₹2.45 crore addition by the Assessing Officer, holding that the department failed to obtain prior approval under Section 144(1) for raising fresh issues beyond the limited scrutiny notice. The ruling reinforces statutory limits on scrutiny assessment powers.