AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI clarified that it does not consider cousins as ‘relatives’ under the Companies Act and LODR Regulations, allowing cousins of promoter-group members to serve as Independent Directors.
The National Company Law Tribunal has approved a merger of Limited Liability Partnerships (LLPs), emphasizing operational efficiency and financial flexibility for the involved entities.
Section 12(3) of the Companies Act mandates required disclosures on company letterheads, with penalties for non-compliance.
The article discusses the requirements for digitally signing board minutes according to the Companies Act and relevant Secretarial Standards.
The newly issued SOP confirms that resolutions passed by circulation have equivalent legal standing as those passed in formal meetings, facilitating urgent decision-making.
The ICAI has recommended that audit fees be received through banking channels or digital modes, encouraging accountability in transactions.
The ICAI has opened doors for chartered accountant firms to participate in the PM Internship Scheme, expected to enhance the global competitiveness of the profession.
The DGFT has operationalized the Certificate of Origin framework under the India-Oman CEPA, designating authorized agencies and updating procedures. This move is expected to streamline processes for exporters.
SEBI has issued a draft proposal for limited relaxations on third-party payment restrictions in mutual funds, including specific scenarios that require added safeguards for compliance.
SEBI's updated methodology for assessing household savings through the securities market indicates a significant increase in the Gross Savings-to-GDP ratio, offering deeper insights into household financial behavior.
SEBI has proposed a new framework to manage strike prices of options contracts to address market volatility, ensuring continuous availability of options contracts aligned with prevailing market prices.
NSE has announced that the regulatory exemptions available for Section 31 plans under IBC do not extend to resolution plans approved under Section 54L in the PPIRP framework. Compliance with all SEBI requirements remains mandatory.
SEBI has issued a consolidated Master Circular for AIF regulations, streamlining compliance and replacing previous fragmented guidelines. This unification aims to enhance clarity and consistency for stakeholders in the alternative investment sector.