AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Ministry of Corporate Affairs has amended the KYC framework for directors, mandating the DIR-3 KYC filing only once every three financial years, thus reducing compliance burdens while maintaining DIN validation.
Ravi Agarwal is reappointed as the Chairman of the CBDT for another six months, continuing his leadership amid the implementation of the new Income Tax Act, 2025.
The Calcutta High Court denied an ad-interim injunction related to a consent decree during a CIRP moratorium, citing the absence of necessary documentation.
The Indian government has extended the full customs duty exemption on critical petrochemical products until July 15. This exemption was initially introduced in April due to geopolitical tensions in the West Asian region.
The Reserve Bank of India has modified reporting requirements under the Foreign Exchange Management Act, 1999, aimed at streamlining reporting processes for authorized entities. This initiative is expected to alleviate compliance burdens.
The RBI has initiated the 74th round of its quarterly manufacturing sector survey.
The interest rate for the Floating Rate Savings Bond for the latter half of 2026 has been set by the RBI.
The RBI is set to conduct an underwriting auction for government securities worth ₹34,000 crore.
The Finance Ministry has revised the customs tariff value for silver imports from USD 2,175/kg to USD 1,897/kg, effective from June 30, 2026. This change is expected to impact silver import operations significantly.
In a recent ruling, the NCLT clarified that financing under the TReDS framework is not considered financial debt and does not involve disbursing funds to the corporate debtor.
The RBI has announced modifications to returns and reporting requirements under the Foreign Exchange Management Act, updating compliance responsibilities for authorized persons.
The Reserve Bank of India has initiated a review of circulars issued under the Foreign Exchange Management Act since 2000 to rationalize its regulatory framework. This aims to enhance operational clarity for authorized persons.
SEBI has granted additional time for merchant bankers to comply with newly revised SBU segregation and net worth norms due to implementation difficulties.