AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Directorate General of Foreign Trade (DGFT) has implemented new regulations for gold imports under the Advance Authorisation Scheme, capping imports at 100 kg and introducing mandatory compliance reporting.
The NCLT has ordered the liquidation of a corporate debtor after the Committee of Creditors rejected the only resolution plan submitted during the Corporate Insolvency Resolution Process (CIRP).
The NCLT Principal Bench has permitted dissolution of a corporate entity after the assignment of avoidance proceedings along with residual assets during the liquidation process. This ruling clarifies the conditions under which dissolution can be executed when no further assets are available for distribution.
The RBI has confirmed the final redemption date and price for the Sovereign Gold Bond 2018-19 Series-I due on May 4, 2026, as per government notification.
Law Society of England and Wales President Mark Evans emphasizes the need for stronger legal ties between the UK and India to enhance economic growth and trade. His remarks during a recent visit to India highlight the importance of cross-border collaboration in the legal sector.
Startup founders in India must prioritize timely ROC filings in 2026 to avoid penalties and ensure smooth funding processes, emphasizing the importance of corporate compliance.
Various State Governments have launched an auction for bonds totaling ₹20,100 Crore. Key auctions include Andhra Pradesh, which offers a re-issue of 7.63% bonds due 2034.
The CBIC has implemented a new system for the identification and expedited clearance of hazardous cargo, effective from 01 July 2026.
The CESTAT in Bangalore annulled an IGST demand, ruling the extended limitation period under section 28(4) of the Customs Act was improperly applied due to lack of suppression or intent to evade duty.
ROC Mumbai has penalized an individual for holding two Director Identification Numbers, emphasizing legal compliance under the Companies Act.
The Registrar of Companies has imposed penalties on a company and nine directors for failing to appoint a whole-time Company Secretary for six years, emphasizing mandatory compliance under the Companies Act.
ROC Uttar Pradesh has issued penalties against directors for failing to provide necessary explanations regarding statutory auditor qualifications in the Board’s Report, reinforcing compliance with the Companies Act.
ROC Kolkata has penalized a company and its directors for failing to appoint a woman director in time, stipulating that operational difficulties do not excuse non-compliance with statutory mandates.