Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT refused to dismiss the insolvency application against a corporate debtor, rejecting claims that the creditor's petition was malicious due to financial viability concerns.
The RBI has begun reviewing circulars issued under the Foreign Exchange Management Act to rationalize regulatory frameworks. This review targets expired or non-functional circulars since June 2000.
SEBI's proposal to amend custodian regulations seeks to replace annual payments with monthly fees to enhance compliance efficiency.
SEBI proposes shifting the Capacity Building Fund from NABARD to a Section 8 company to enhance governance in the Social Stock Exchange.
SEBI has launched a Settlement Helpdesk designed to aid applicants in filing settlement applications, computing indicative amounts, and tracking their status to streamline compliance.
This article discusses compliance obligations under the MSME Act and the Companies Act, emphasizing the necessity of timely payments to Micro and Small Enterprises.
This guide provides an overview of depreciation rates as per the Companies Act, 2013, and useful lives for various assets.
The article distinguishes between the definition of an associate company under the Companies Act and Ind AS, impacting consolidation outcomes.
This article clarifies Section 186 provisions regarding guarantees related to loans and the exclusions provided by MCA Circular No. 04/2015.
The article clarifies why State Bank of India and Punjab National Bank are not subject to the Companies Act, unlike HDFC Bank, due to their statutory entity status.
The Ministry of Corporate Affairs has amended the KYC framework for directors, mandating the DIR-3 KYC filing only once every three financial years, thus reducing compliance burdens while maintaining DIN validation.
The RBI has levied a penalty of ₹1.05 lakh on the The N.E. & E.C. Railway Employees’ Multi-State Primary Co-operative Bank for regulatory non-compliance. This reinforces the regulatory framework within which these banks operate.