AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
A recent discussion emphasizes the necessity for CA students to revisit their professional conduct code, not merely as a requirement but as a crucial aspect of their future professional integrity.
The NCLAT confirmed that the remuneration for Interim Resolution Professionals (IRP) should be based on actual work, rather than just the duration of appointment. This reinforces the importance of performance-based remuneration in insolvency proceedings.
The Reserve Bank of India has published data on India's international trade in services for March 2026, highlighting significant trends in exports and imports.
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore fine on Nissan Renault for non-compliance with MISP guidelines regarding distribution fee disclosures. The regulatory body found agreements lacking transparency, undermining contractual clarity.
The Kerala High Court ruled that a partner cannot claim a deduction under Section 36(1)(iii) for loans invested as capital in a firm if they do not have independent business operations. The ruling clarifies the application of borrowing costs in partnership scenarios.
The Institute of Chartered Accountants of India (ICAI) has announced the empanelment of observers for the September and November 2026 CA examinations. This initiative aims to ensure examination integrity and procedural oversight across examination centres.
SEBI has clarified that clients under Non-Discretionary Portfolio Management Services (PMS) may pledge securities for personal borrowing without violating regulations, highlighting client autonomy.
SEBI has revised the Monthly Cumulative Report format for mutual funds, effective June 2026, to reflect new scheme categories. This change aims to improve reporting standards in the industry.
SEBI clarified that clients under Non-Discretionary PMS can pledge their shares for personal borrowing. This decision safeguards clients' rights without classifying it as borrowing by portfolio managers.
SEBI clarified that renewable energy projects awarded through competitive bidding qualify as PPP projects under InvIT regulations. This ruling emphasizes the risk allocation between public authorities and private SPVs.
ROC Pune has imposed reduced penalties on a start-up company due to delays in filing e-Form MGT-14, acknowledging its status under Section 446B as a small entity.
This article discusses issues faced by companies in maintaining documentation for Right Issues after filing the PAS-3, underscoring the necessity for proper compliance documentation.
Having a balanced board structure consisting of Executive, Non-Executive, and Independent Directors is crucial for effective governance and decision-making in Indian companies. This structure supports long-term success.