AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI's recent notification updates the fee structure and registration requirements for Foreign Portfolio Investors (FPIs). Significant changes include revised remittance timelines and effective dates aligned with the amended 2019 Regulations.
The NCLAT ruled that the articles of association cannot override the eligibility requirements in the Companies Act for CFO appointments.
The Kerala High Court held that NCLT is empowered to accept additional pleadings in Section 7 IBC proceedings.
The Madhya Pradesh High Court ruled that a bona fide dispute regarding a debt prevents winding-up petitions under Section 433(e).
The NCLAT ruled that a continuing personal guarantee remains valid despite a guarantor's resignation or renewal of loan terms.
The Bombay High Court ruled that a 21-year-old woman cannot be compelled to return home or marry against her will, framing residence and marriage as choices under Article 21.
The Supreme Court's refusal to stay the injunction in the Flipkart v. Marc case highlights unresolved issues regarding house marks and trademark law in India. Legal practitioners must navigate this evolving landscape.
The CDSCO's notice on brand name extensions by pharmaceutical companies signals heightened regulatory oversight. Concerns around different formulations under the same brand prompt calls for comments from industry stakeholders.
The Punjab and Haryana High Court has ruled that a pre-cognizance hearing under the BNSS is not mandatory for complaints by the SFIO under the Companies Act. This decision clarifies procedural nuances in corporate investigations.
The Karnataka High Court has stayed criminal proceedings against a Coorg homestay owner charged under the repealed Foreigners Act after an employee allegedly raped a US tourist. The court ruled that the charges were based on an obsolete statute.
The new FCRA Amendment Rules impose enhanced compliance and accountability measures on NGOs regarding foreign funding. Key changes include stricter registration and disclosure requirements.
The Bombay High Court upheld a decision to refuse charitable registration to a trust offering legal and professional services, emphasizing the trust's intended operations.
The Orissa High Court is reviewing a penalty tax demand of Rs 35 crore related to mining lease tenure, examining the legality of the Revisional Authority's decision.