AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Recent FEMA reforms have streamlined downstream investments in India, yet unresolved issues regarding foreign ownership and pricing rules persist. This highlights the need for regulatory clarification to better facilitate investment.
The NCLT has ruled that financing through the TReDS platform does not equate to financial debt under the IBC, as it merely involves the assignment of trade receivables.
NCLT rules that merely assigning trade receivables does not alter the nature of the debt from operational to financial under the IBC.
ITAT ruled that interest from government grants held in fixed deposits is not taxable if defined as project fund corpus in an MOU.
The ITAT ruled that Section 12AB registration for trusts cannot be denied due to lack of an irrevocability clause.
ITAT has ruled that missing year-wise bifurcation in satisfaction notes does not invalidate Section 153C orders.
This article discusses the complexities surrounding the reporting of cryptocurrency in income tax filings, covering legal provisions, compliance issues, and reconciliation challenges.
The RBI has issued amendments for Small Finance Banks, highlighting customer protection in unauthorized electronic transactions. These amendments are crucial for enhancing consumer confidence.
The RBI has amended directives for Payments Banks regarding customer liabilities in unauthorized electronic banking transactions. This is essential for improving consumer protection.
The RBI has issued new directives for Local Area Banks, reinforcing customer protection provisions in electronic banking transactions. This is crucial for enhancing consumer trust.
The RBI consolidates customer protection measures for Regional Rural Banks related to unauthorized electronic transactions. The guidelines aim to enhance trust and liability management.
The RBI has issued updated directives for Urban Co-operative Banks to clarify customer liability in unauthorized electronic transactions. This is essential for enhanced customer security.
The RBI has consolidated instructions for Rural Co-operative Banks regarding customer liability in unauthorized electronic banking transactions. This reinforces customer protection measures.