AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has released new directions concerning the conduct of government business by Agency Banks, addressing the payment of agency commissions and oversight. This regulatory framework aims to enhance the operational transparency and accountability of Agency Banks involved in government transactions.
The RBI will auction Treasury Bills worth ₹18,000 Crore on May 20, 2026, covering various tenors to manage short-term funding needs.
The RBI announced the upcoming opportunity for premature redemption of Sovereign Gold Bonds (SGB) from May 18, 2026, in accordance with government notification.
Various State Governments have launched an auction for bonds totaling ₹20,100 Crore. Key auctions include Andhra Pradesh, which offers a re-issue of 7.63% bonds due 2034.
The CBIC has implemented a new system for the identification and expedited clearance of hazardous cargo, effective from 01 July 2026.
CESTAT Hyderabad ruled that the mere presence of foreign markings on gold does not substantiate smuggling claims without proper contextual verification, hence the confiscation was deemed legally defective.
The CESTAT in Bangalore annulled an IGST demand, ruling the extended limitation period under section 28(4) of the Customs Act was improperly applied due to lack of suppression or intent to evade duty.
ROC Mumbai has penalized an individual for holding two Director Identification Numbers, emphasizing legal compliance under the Companies Act.
The Registrar of Companies has imposed penalties on a company and nine directors for failing to appoint a whole-time Company Secretary for six years, emphasizing mandatory compliance under the Companies Act.
ROC Uttar Pradesh has issued penalties against directors for failing to provide necessary explanations regarding statutory auditor qualifications in the Board’s Report, reinforcing compliance with the Companies Act.
ROC Kolkata has penalized a company and its directors for failing to appoint a woman director in time, stipulating that operational difficulties do not excuse non-compliance with statutory mandates.
ROC Kolkata has levied penalties against a company for incorrectly stating the applicability of consolidated financial statements in its AOC-4 XBRL filing, affirming that mistakes in MCA filings can attract liability.
ROC Delhi has issued penalties for a company's failure to establish mandatory Audit and Nomination Committees, emphasizing the necessity of compliance with corporate governance regulations.