banking
RBI Amends Directions for Regional Rural Banks
The Reserve Bank of India has issued third amendment directions for regional rural banks regarding customer protection in unauthorized electronic banking transactions.
Jun 29, 2026Read more →
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AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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banking
RBI Amends Directions for Urban Co-operative Banks
The Reserve Bank of India has released third amendment directions for urban co-operative banks focusing on customer protection in unauthorized electronic banking transactions.
Jun 29, 2026Read more →
banking
RBI Amends Directions for Rural Co-operative Banks
The Reserve Bank of India has issued third amendment directions concerning responsible business conduct for rural co-operative banks, focusing on customer protection in electronic banking transactions.
Jun 29, 2026Read more →
corporatebanking
Modifications to Reporting Requirements Under FEMA, 1999
The Reserve Bank of India has modified reporting requirements under FEMA, 1999, streamlining the obligations of authorized persons. This change aims to enhance regulatory compliance.
Jun 29, 2026Read more →
N/Acorporate
ICSI Calls for Accountability on Whole-Time CS Appointments
ICSI has urged the Ministry of Corporate Affairs to enforce compliance with Section 203 for Whole-time CS appointments, stressing the importance of corporate governance.
Jun 29, 2026Read more →
Calcutta High Courtcorporate
Calcutta HC Affirms Suo Motu Transfer of Winding-Up Proceedings
The Calcutta High Court affirmed the NCLT's authority to transfer winding-up proceedings suo motu, underlining judicial discretion when proceedings haven't reached irreversible stages.
Jun 29, 2026Read more →
National Company Law Tribunalcorporate
NCLT Dispenses with Shareholders’ Meetings for Certain Stakeholders
The NCLT ruled that consent letters are insufficient to forgo the secured creditors' meeting. It mandated the meeting convening while allowing other stakeholder meetings to proceed based on affidavit consents.
Jun 29, 2026Read more →
Reserve Bank of Indiabanking
Auction of Government Securities by State Governments
Several states have announced an auction offering bonds aggregating ₹13,600 crore to raise funds. The auctions will cover multiple tenor periods, underscoring financial strategies among state governments.
Jun 29, 2026Read more →
Supreme Court of Indiaconstitutional
Justice Badar Durrez Ahmed reflects on 51 years since the Emergency
Justice Badar Durrez Ahmed shares his personal connection to the Emergency declared by his father in 1975. He discusses the historical implications and memories associated with that pivotal moment in Indian history.
Jun 28, 2026Read more →
Reserve Bank of Indiacorporatebanking
RBI Simplifies FEMA Reporting for Authorised Persons
Changes to FEMA reporting requirements by the RBI aim to ease compliance for Authorised Persons, streamlining the process.
Jun 28, 2026Read more →
Reserve Bank of Indiacorporatebanking
RBI Withdraws Obsolete FEMA Circulars for Regulatory Rationalisation
The RBI has rescinded outdated FEMA circulars as part of a regulatory review process, aiding compliance for stakeholders.
Jun 28, 2026Read more →
Reserve Bank of Indiacorporatebanking
Expanded SNRR Framework Impacts Startups with Foreign Investment
The RBI's Sixth Amendment has broadened the usage of SNRR accounts through IFSC branches, although it does not change the legal classification of various account transactions.
Jun 28, 2026Read more →
ITATtax
Taxability of Development Agreement Capital Gains was Debatable due to Divergent Judicial Views: ITAT Deletes Penalty
The ITAT has deleted a concealment penalty related to capital gains on a development agreement, finding the taxability issue debatable. This decision highlights the importance of judicial interpretation in tax assessments.
Jun 28, 2026Read more →