N/Acorporatetax
Amendments to CSR Rules Allowing New Instruments
The MCA has amended Schedule VII of the Companies Act to include Zero Coupon Zero Principal Instruments in CSR, broadening avenues for social contribution.
Jun 2, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLT Allahabad Benchcorporate
NCLT Approves Reduction of Capital and Conversion to Guarantee Company
The NCLT has ruled to dispense with shareholder meetings for capital reduction and conversion into a company limited by guarantee after confirming unanimous shareholder consent, despite regulatory objections.
Jun 2, 2026Read more →
ICAIcorporate
ICAI Releases Updated Code of Ethics Effective April 2026
The ICAI has announced its revised Code of Ethics, comprising three volumes, which will come into effect from April 1, 2026.
Jun 2, 2026Read more →
National Company Law Tribunalcorporateinsolvency
NCLT Confirms Liability of Corporate Guarantor despite Pending Actions against Borrower
In a significant ruling, the NCLT has stated that a corporate guarantor cannot avoid Corporate Insolvency Resolution Process (CIRP) obligations even if there are parallel proceedings against the principal borrower. This decision reinforces the co-extensive liability of guarantors under the IBC.
Jun 2, 2026Read more →
National Company Law Tribunalcorporateinsolvency
Limitation Period for Corporate Guarantor Starts from Guarantee Invocation: NCLT
The NCLT has clarified that the limitation period for invoking Corporate Insolvency Resolution Process (CIRP) against a corporate guarantor begins with the invocation of the guarantee, not from the classification as a Non-Performing Asset (NPA). This ruling is pivotal for creditors in managing timelines for claims against guarantors.
Jun 2, 2026Read more →
CESTATtax
Limitation for Rule 5 Refund Runs from End of Quarter for FIRC Receipt: CESTAT
The CESTAT clarified that the limitation period for claiming refunds under Rule 5 begins at the end of the quarter in which the Foreign Inward Remittance Certificate (FIRC) is received. This emphasizes the significance of the FIRC date in service export validation.
Jun 2, 2026Read more →
Reserve Bank of Indiabanking
RBI Amends Guidelines on Resolution of Stressed Assets for Financial Institutions
The Reserve Bank of India has amended the guidelines for the resolution of stressed assets applicable to all financial institutions, facilitating improved asset recovery mechanisms.
Jun 2, 2026Read more →
Reserve Bank of Indiabanking
RBI Issues Amendments on Income Recognition and Provisioning for Financial Institutions
The Reserve Bank of India has introduced amendments to the income recognition and provisioning framework for financial institutions, aimed at better management of financial reporting and asset classification.
Jun 2, 2026Read more →
Reserve Bank of Indiabanking
RBI Amends Credit Risk Management Directions for All Financial Institutions
The Reserve Bank of India has issued amendments to the credit risk management framework for all financial institutions, focusing on the assessment and resolution of stressed assets. This update aims to strengthen financial stability.
Jun 2, 2026Read more →
Reserve Bank of Indiabanking
RBI Issues Directions on Agency Business Conduct and Commission Payment
The Reserve Bank of India has released directives regarding the conduct of government business by Agency Banks, focusing on the payment of agency commissions and oversight mechanisms. These directives are critical for maintaining accountability in financial operations.
Jun 2, 2026Read more →
bankingcorporate
RBI Conducts 3-Day Variable Rate Repo Auction On June 02, 2026
The RBI held a Variable Rate Repo auction with a notified amount of ₹75,000 crore. A total of ₹17,445 crore was allotted at a cut-off rate of 5.26%, showcasing ongoing liquidity management efforts.
Jun 2, 2026Read more →
Delhi High Courtintellectual_property
Delhi High Court Distinguishes Trademark Uses in Keyword Bidding Ruling
The Delhi High Court has made a crucial distinction in trademark use regarding keyword bidding in digital advertising, addressing the limitations of safe harbor protections for intermediaries like Google. This ruling could reshape future keyword advertising practices.
Jun 2, 2026Read more →