AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has opened a public consultation regarding proposed reforms for Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (InvIT), focusing on enhancing investment processes and governance structures.
SEBI has simplified the process for inspecting market intermediaries by adopting a risk-based framework, reducing frequency and enhancing efficiency. This change aims to streamline regulatory oversight for the financial year 2026-27.
According to data from the RBI, non-banking financial companies saw a 14.4% year-on-year growth in credit deployment in June 2026. This growth indicates a strengthening credit environment for various sectors.
The Reserve Bank of India announced the auction of Government of India Treasury Bills on August 12, 2026, with notified amounts of ₹9,000 crore for the 91-Day and ₹8,000 crore for the 182-Day bills. This initiative is designed to manage short-term funding requirements.
The Ministry of Electronics and Information Technology has revised compliance rules for social media platforms, enforcing a stricter response time for removing 'unlawful' content from 36 hours to 3 hours. This change raises questions about the effectiveness and fairness of previously implemented regulations.
The RBI has announced a policy change excluding eligible advances against FCNR(B) and NRE deposits from the Adjusted Net Bank Credit (ANBC) for priority sector lending. This change is effective immediately.
The Reserve Bank of India has launched a new FCNR(B) swap scheme, aimed at providing higher interest rates for NRIs with limited-time benefits. This initiative is designed to enhance foreign investment in India.
The Bombay High Court has ruled that no Tax Deducted at Source (TDS) under Section 194A applies to interest paid by co-operative banks to non-member co-operative societies, overturning the appellate tribunal's decision.
The Bombay High Court has set aside an appellate tribunal's order, confirming that TDS under Section 194A does not apply to interest payments made by cooperative banks to non-member cooperative societies.
The ITAT ruled that a non-reference to the Transfer Pricing Officer (TPO) for arm's length price determination is a curable procedural irregularity, restoring the matter for further examination.
The ITAT held that once jurisdiction under Section 153C is validly assumed, the AO can consider subsequent information from the Investigation Wing. This decision clarifies procedural aspects regarding the assessment process in tax cases.
Utsav Securities Limited has been fined ₹3.90 lakh by the RBI for non-compliance with governance directives regarding data submission to Credit Information Companies.
Infinity Fincorp Solutions Private Limited has been penalized ₹5.40 lakh by the RBI for violations related to KYC regulations and fair practice codes.