AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has issued the Sixth Amendment Directions on Prudential Norms on Capital Adequacy for Commercial Banks, enhancing operational standards. These updates reflect ongoing reforms in the banking sector.
The Reserve Bank of India has introduced the Sixth Amendment Directions for Commercial Banks, focusing on the presentation and disclosures of financial statements. This development is part of the ongoing regulatory enhancements initiated by the RBI.
The Reserve Bank of India has released the Third Amendment Directions for Local Area Banks regarding financial statements presentation and disclosures. The amendments are prompted by a review of previous guidelines and aim to enhance clarity and compliance.
The founders of Gameskraft have been remanded to 14 days of judicial custody following a money laundering investigation by the ED. This order highlights ongoing scrutiny within the online gaming industry.
The RBI has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026.
ROC Delhi penalized a company for filing MGT-14 several years after passing resolutions, underlining compliance with filing timelines.
ROC Delhi penalized a company and its directors for failing to appoint independent directors after crossing the ₹100 Crore turnover threshold.
ROC Cuttack penalized a company and its directors for failing to appoint a whole-time CFO after exceeding the statutory capital threshold.
ROC Kolkata penalized a company and its directors for the late transfer of unspent CSR amounts to the Swachh Bharat Kosh, reinforcing compliance with Section 135(7).
ROC Kolkata imposed penalties on a company for not filing annual returns since FY 2019-20, highlighting repercussions under Section 92 of the Companies Act.
ROC Kolkata penalized an auditor for failing to report material investments as required under Schedule III of the Companies Act.
ROC Kolkata penalized an auditor for failing to charge depreciation on building assets, violating Accounting Standard-6.
A company and its directors face penalties for not filing financial statements from FY 2017-18 to 2022-23, highlighting compliance under Section 137 of the Companies Act.