Indoor Management Rule in Board Resolutions
Analysis of Turquand’s rule, Section 118, SS-1 and constructive notice in contested board resolution validity.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Analysis of Turquand’s rule, Section 118, SS-1 and constructive notice in contested board resolution validity.
Second Amendment Directions issued for Payments Banks to standardise investment valuation. Ensures consistent and transparent portfolio management.
The RBI has modified its 2022 ATM cassette swap guidelines, allowing bank boards to delegate monitoring responsibility. Ensures smoother implementation while maintaining security oversight.
The Reserve Bank of India (RBI) has withdrawn outdated circulars on currency management as part of its regulatory rationalisation initiative. Banks must comply with the updated framework effective October 1, 2026.
RBI conducted yield-based auctions of state government securities on September 29, 2026, raising ₹3,400 crore. Assam and Bihar re-issued securities with yields between 7.87% and 7.97%.
The IPO’s 2026 Draft Guidelines face strong critique for misquoting law and risking disruption to patent prosecution in pharmaceuticals; calls grow for immediate revision.
Maharashtra Oil Extractions Ltd files DRHP for ₹370 crore fresh issue; details business, financials, fund use, and key risks including litigation.
SEBI has simplified nomination norms for demat accounts and mutual fund folios, introducing default nomination, opt-out options, and reduced documentation.

BJP MP Nishikant Dubey has filed civil and criminal defamation suits against former Finance Secretary SC Garg over allegations of 'blackmailing', seeking ₹2 crore damages in Delhi HC.
Karnataka HC allows recovery of employee dues from gratuity if valid undertaking permits adjustment.
The Government of India reissued four dated securities on September 29, 2026, aggregating ₹33,000 crore, to meet fiscal funding requirements through market borrowings.
SEBI has revised nomination norms for demat accounts and mutual fund folios, introducing default nominations, opt-out options, and simplified documentation to enhance ease of succession.
SEBI has issued a consolidated Master Circular for Debenture Trustees effective September 28, 2026, replacing the earlier circular dated August 13, 2025. The move aims to streamline regulatory compliance and enhance investor protection.