AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Telangana High Court ruled that share premium received from a non-resident shareholder on a fresh share issue is considered a capital receipt, not taxable income. This decision has important implications for taxation practices in corporate finance.
The RBI has released its 2026 Directions, consolidating supervisory returns for Non-Banking Financial Companies (NBFCs), focusing on streamlined filing, reporting requirements, and compliance.
The Telangana High Court ruled that share premium received from a non-resident shareholder during a fresh share issue is categorized as a capital receipt and not taxable income.
SEBI has amended its Online Bond Platform (OBPP) framework to allow for the introduction of IFSCA products and 54EC bonds, implementing new disclosure and compliance requirements.
SEBI has proposed simplified digital KYC norms for non-resident Indians (NRIs), overseas citizens of India (OCIs), and foreign nationals, eliminating the need for physical presence.
SEBI has issued a warning to investors against relying on live trading strategies and real-time stock market tips shared on social media, urging them to engage only with registered intermediaries.
The Reserve Bank of India has released the second amendment directions regarding Priority Sector Lending targets and classifications, which are aimed at enhancing the flow of credit to priority sectors in the economy.
The Controller General of Patents has invited stakeholder comments on the Draft Manual of Patent and Trademark Office (Practice & Procedure) 2026. Comments are due within the next 30 days for patents and 15 days for trademarks.
The Karnataka High Court has ruled that a mandatory pre-deposit in service tax appeals can be discharged through transitional CENVAT credit, thereby relieving unnecessary financial burdens on appellants.
The J&K and Ladakh High Court ruled that the MSME relaxation circular does not create enforceable rights for tenderers. The rejection of a bid due to turnover criterion was upheld.
SEBI has resolved an allegation of continuing interest violations in an Alternative Investment Fund by agreeing to a settlement of ₹10.87 lakh. The issue arose due to unequal investor drawdowns.
The Calcutta High Court upheld that civil courts cannot issue injunctions against actions under the SARFAESI Act, reinforcing the legal boundaries of such proceedings.
The Supreme Court dismissed a petition seeking a joint trial in two CBI cases related to the 2013 NSEL payment crisis, affirming the need for separate trials.