Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has amended the Foreign Exchange Management (Cross Border Merger) Regulations, streamlining processes for cross-border mergers. This amendment modifies previous regulations to facilitate smoother cross-border transactions and compliance for companies engaged in mergers.
The Reserve Bank of India has amended the Foreign Exchange Management Regulations for exports, enhancing compliance measures under the Foreign Exchange Management Act. These changes streamline requirements for exporters of goods and services, ensuring better regulatory oversight.
The RBI has scheduled auctions for 91-Day, 182-Day, and 364-Day Treasury Bills, a significant measure to manage government finances and liquidity in the economy.
Puran Associates Private Limited has been penalized for failing to comply with asset classification provisions according to RBI regulations. This emphasizes the scrutiny on asset management practices.
The RBI has released draft Amendment Directions regarding interest rate disclosures on deposits, inviting stakeholder comments. This aims to enhance pricing flexibility for banks.
The RBI announced the redemption price for premature redemption of the SGB 2021-22 Series-III, due on June 8, 2026. This outlines conditions for early redemption of Sovereign Gold Bonds.
The Saket District Court ruled in favor of independent artist Anamika Sood, affirming her copyright ownership over her song 'Ferrareee,' while rejecting claims made by Saregama.
The Registrar of Companies has penalized a company for issuing shares at a price below the registered valuer’s determined value, reinforcing compliance with Section 62(1)(c) of the Companies Act.
The NCLAT ruled that dismissal for want of prosecution was unwarranted as multiple adjournments arose from the Tribunal's own constraints, underscoring fairness in judicial proceedings.
The Calcutta High Court has barred the regional director from permitting the Hindusthan Glass head office shift during pending appeals at NCLAT, clarifying the interpretation of relevant provisions.
The DGFT has expanded the Quality Control Order exemption for SEZ imports and mandated BIS compliance for domestic clearance.
The DGFT has introduced stricter regulations for silver imports, requiring valid import authorisation for agencies previously exempted.