AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
ICSI urges the Ministry of Corporate Affairs to enforce Section 203 compliance on eligible companies failing to appoint whole-time company secretaries.
The Calcutta High Court confirms that it can transfer pending winding-up proceedings at its discretion if they have not reached an irreversible stage.
The NCLT has ruled that consent letters alone are insufficient for dispensing with secured creditors' meetings, necessitating the continuation of such meetings.
A newly incorporated company cannot commence business or borrow funds until it fulfills specific filing requirements. Non-compliance may result in penalties under Section 10A.
Companies must file Form DPT-3 by June 30 for all deposits, including director loans and customer advances. This filing is crucial to remain compliant with the statutory requirements.
As of March 2026, India's external debt stands at USD 762.8 billion, reflecting an increase of USD 26.3 billion from March 2025.
The Government of India has announced a re-issue auction for a dated security totaling ₹34,000 crore, maturing in 2036.
The Reserve Bank of India has modified reporting requirements under FEMA, 1999, streamlining the obligations of authorized persons. This change aims to enhance regulatory compliance.
ICSI has urged the Ministry of Corporate Affairs to enforce compliance with Section 203 for Whole-time CS appointments, stressing the importance of corporate governance.
The Calcutta High Court affirmed the NCLT's authority to transfer winding-up proceedings suo motu, underlining judicial discretion when proceedings haven't reached irreversible stages.
The NCLT ruled that consent letters are insufficient to forgo the secured creditors' meeting. It mandated the meeting convening while allowing other stakeholder meetings to proceed based on affidavit consents.
Changes to FEMA reporting requirements by the RBI aim to ease compliance for Authorised Persons, streamlining the process.
The RBI has rescinded outdated FEMA circulars as part of a regulatory review process, aiding compliance for stakeholders.