AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Delhi High Court quashed PRC orders due to negligence in examining claims concerning the non-transmission of data to ICEGATE, reaffirming the importance of due process.
The Government announced detailed Rules of Origin under the India-Oman CEPA to determine eligibility for preferential customs duty treatment, essential for importers and exporters.
CESTAT held that importers can still contest enhanced customs valuation even after submitting a consent letter. The decision reaffirms statutory rights for importers in customs assessments.
The Directorate General of Foreign Trade (DGFT) has introduced six new Standard Input Output Norms (SIONs) for chemicals and allied products. This development streamlines the Advance Authorisation process by permitting Regional Authorities to directly issue authorisations, enhancing efficiency in approvals.
Justice Pankaj Mithal raises concerns regarding persistent appeals from the NCLAT to the Supreme Court, questioning the effectiveness of the tribunal system.
The Allahabad High Court criticized the expectation that judges handle excessive caseloads, stating that such pressures can undermine the judicial process.
The Kerala High Court has mandated all family courts in the state to adhere to child custody guidelines established by the Calcutta High Court. This directive will remain in effect until local guidelines are created for Kerala.
Guidelines for when private limited companies may borrow under MCA exemptions require careful assessment of thresholds and default conditions regarding shareholder approvals.
This article outlines the necessary approvals from Audit Committees, Boards, and shareholders for related party transactions, guiding companies in compliance with the Companies Act and SEBI regulations.
Recent NCLT decisions indicate that the lack of specific procedural rules does not prevent conversion from a company limited by shares to a company limited by guarantee as provided under Section 18.
Founder agreements are essential in venture-backed companies, clarifying equity allocation, management responsibilities, and exit strategies. This framework helps in mitigating disputes and stabilizing governance.
The ICAI has imposed fines on a Chartered Accountant for accepting an audit assignment without formal communication to the previous auditor, breaching the requirements of Section 140 of the Companies Act.
The Institute of Chartered Accountants of India (ICAI) has revised its ethics code regarding the advertising of sustainability assurance services. Providers must consult the Ethical Standards Board if uncertain about advertising appropriateness.