AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has signed a tripartite Memorandum of Understanding with RRU and NISM to collaborate on securities market capacity building.
BSE has released FAQs clarifying the requirements for filing record dates related to corporate actions for listed entities.
The SEBI has fixed the tenure of auditors for Infrastructure Investment Trusts (InvITs) at five years post the 2023 amendment, without allowing for a shorter term.
The ICSI has requested a one-time extension for the Compliance Certificate Filing System 2026 until September 30, citing unresolved filing issues and challenges with the MCA-21 V3 portal.
The Reserve Bank of India has released the Second Amendment Directions, 2026 which temporarily removes the interest rate ceiling on fresh deposits for Rural Co-operative Banks. This update aims to enhance financial flexibility within these institutions.
Legal practitioners must be aware of the complexities involved in admitting digital evidence, like WhatsApp and email records, especially when held on foreign servers.
The Competition Commission of India has concluded investigations into anti-competitive allegations against Mercedes-Benz, citing insufficient evidence for a prima facie case.
The Gujarat High Court has granted ad-interim relief against a disciplinary order from the IBBI, which addressed the alleged participation of an investigator in the Disciplinary Committee. This order provides temporary protection until further hearings can take place.
The RBI has shortened the temporary deposit rate relaxation periods for various banks, extending it to August 31, 2026, affecting FCNR(B) and NRE deposits.
The RBI has approved the exclusion of eligible FCNR(B) and NRE-funded advances from the Adjusted Net Bank Credit (ANBC) calculations for priority sector lending, subject to specific deposit periods.
The ITAT permitted a deduction of Rs. 50,000 for medical expenses incurred on a senior-citizen father diagnosed with Parkinson's disease. The ruling underscores the necessity of adequate documentation for such deductions.
A Mumbai special court ruled against the NIA's applications to cancel bail for four individuals accused in the Bhima Koregaon case, upholding their current freedoms. The NIA had argued that the accused had attended a gathering with other implicated parties, but the court rejected these claims.
The ITAT has deleted the income tax addition concerning a substantial cash deposit in a joint account held by an NRI and her husband, citing lack of inquiry.