AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI's new buy-back freeze framework incorporates promoter trading restrictions at the ISIN level, marking a shift towards proactive compliance measures.
SEBI has proposed changes to settlement and risk management norms that aim to simplify compliance requirements for market intermediaries. The initiative seeks public feedback to refine these regulations.
SEBI has outlined the disclosure requirements for listed companies regarding analyst and investor meetings. These include specifics on meeting schedules, presentations, and the handling of unpublished price-sensitive information (UPSI).
The Reserve Bank of India has issued the third amendment directions for Housing Finance Companies, focusing on the engagement of recovery agents. The new instructions revise the existing Fair Practices Code.
The Reserve Bank of India has imposed a monetary penalty of ₹50,000 on The Amravati District Central Co-operative Bank Ltd. for non-compliance with KYC directives. This enforcement reflects RBI's commitment to regulatory adherence.
The SpicyIP Weekly Review provides insights into various IP law developments including the landmark ANI v. OpenAI order and insights into ongoing trademark cases.
The Karnataka High Court has upheld the issuance of consolidated Show Cause Notices (SCNs) for multiple financial years, clarifying that no statutory bar exists under Sections 73 and 74. This decision enhances procedural efficiency within GST compliance frameworks.
The Delhi High Court has determined that the Show Cause Notice (SCN) initiates the lis in GST disputes, which is significant for understanding pre-deposit obligations under Section 107(6). This ruling clarifies the applicability of the pre-01.10.2025 appellate scenario for relevant cases.
The Lucknow ITAT held that cash sales recorded during demonetisation cannot be taxed as unexplained income simply due to a spike in sales figures.
The Bombay High Court has dismissed a revenue appeal, ruling that an ambiguous notice under Section 271(1)(c) cannot sustain a penalty when it fails to specify the relevant limbs.
The Reserve Bank of India has proposed a draft amendment to restrict revolving credit products provided by non-banking financial companies, except for authorized credit card issuers. This move aims to enhance regulatory oversight.
The Reserve Bank of India has introduced a new scheme allowing higher returns on FCNR(B) deposits for NRIs, available for a limited period. The forex swap feature aims to attract foreign currency deposits amidst economic challenges.
Maruti Suzuki is advocating for an amnesty scheme to address legacy tax disputes, which its CFO claims would unlock capital and promote growth, particularly under the evolving GST framework.