AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Companies receiving foreign investments must ensure compliance with FEMA regulations regarding reporting, valuation, and approvals to avoid penalties and delays in future fundraising.
The RBI has amended existing regulations, shortening the realization period for export proceeds from 15 months to 9 months under FEMA. Compliance requirements for exporters will be stricter.
The RBI has enabled UPI integration with KHQR in Cambodia, allowing Indian travelers to make payments directly with UPI apps. This development enhances the global reach of UPI.
The amendment introduces a triennial compliance framework for director KYC filings, changing reporting timelines significantly.
The recent amendment modifies DIR-3 KYC compliance requirements, changing the filing frequency and deadlines for directors significantly.
The NCLAT restored a company petition dismissed for lack of prosecution, citing that delays caused by the Tribunal do not solely fall on the petitioner.
Recent amendments require Registered Valuer Organisations (RVOs) to maintain a minimum paid-up capital, increasing financial and governance standards.
The NCLT admitted insolvency proceedings after evidence of operational debt and acknowledgment of liability was presented, highlighting the standard of proof required in insolvency applications.
NCLAT ruled that challenges regarding an approved resolution plan could not be reopened as they had already attained finality, reinforcing the principle of finality in insolvency proceedings.
The NCLAT declared the appointment of a Resolution Professional invalid due to misrepresentation, highlighting the importance of accurate representation in insolvency applications.
The court has emphasized that mere allegations in investigations by CBI and ED do not establish guilt until evidence is reviewed judicially. This reinforces the principle of innocence until proven guilty.
This article provides an overview of the regulations surrounding drug licensing in India, a critical component for pharmaceutical operations. It focuses on the necessary steps and legal requirements for obtaining a Drug License.
Forensic accounting is emerging as a vital field for Chartered Accountants, combining various skills to combat financial fraud.