AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has communicated updated guidelines regarding the accounts of non-resident banks to Authorised Dealer Category-I banks, aimed at clarifying compliance aspects for banking operations.
The CGPDTM has invited comments on new draft guidelines aimed at streamlining patent application procedures for pharmaceutical and biotechnology inventions.
The Fourth Amendment to FEMA Non-Debt Instruments Rules, 2019 now permits inventory-based e-commerce exports of Indian goods under the Foreign Trade Policy 2023. This update is a key regulatory development that expands the framework for e-commerce operations.
The Securities and Exchange Board of India (SEBI) has approved a settlement for DMI Income Fund concerning a Foreign Portfolio Investor (FPI) compliance case related to delayed disclosures. The fund will pay ₹27.6 lakh to settle the matter.
In a dispute over steel supply, the NCLT has admitted a claim for Corporate Insolvency Resolution Process amounting to ₹2.35 crore based on established operational debt.
The RBI has introduced half-yearly reporting through the Centralised Information Management System (CIMS) for relief measures related to natural calamities. All scheduled commercial banks are required to adhere to this new reporting structure.
Following the rollout of the Closing Auction Session (CAS), SEBI proposes a review of the settlement price methodology for derivative contracts to enhance market integrity.
SEBI has amended its FPI Master Circular by removing the necessity for foreign portfolio investors (FPIs) investing solely in government securities to provide investor group details.
SEBI provides clarity on the pricing and calculation of frequently traded shares under ICDR Regulations. The guidelines focus on the determination of volume weighted average price (VWAP) for preferential issues.
The RBI has directed regulated entities to implement updates to the UNSC 1267/1989 ISIL and Al-Qaida Sanctions List following amendments to individual entries. Compliance is mandated under UAPA, 1967.
The Reserve Bank of India has issued a notification regarding an amendment to one entry in the UNSC 1988 (2011) Taliban Sanctions List. Regulated entities must ensure strict compliance with these updated sanctions procedures under UAPA, 1967.
The Institute of Chartered Accountants of India (ICAI) reprimanded a Chartered Accountant for conducting Tax Audit Reports while holding a part-time Certificate of Practice (COP), emphasizing the need for full-time engagement.
In a significant ruling, the NCLT admitted a CIRP application over a ₹2.70 crore default as the corporate debtor failed to provide documentary proof of any quality disputes regarding goods supplied.