AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for data exchange with state mining authorities aimed at detecting GST evasion in illegal mining activities. These measures are part of ongoing efforts to enhance enforcement.
Utsav Securities Limited has been penalized ₹3.90 lakh by the RBI for governance and compliance issues related to credit information submissions. This reflects heightened regulatory vigilance in the sector.
Namdev Finvest Limited has been fined ₹2.70 lakh by the RBI for non-compliance with KYC guidelines. This penalty highlights ongoing regulatory scrutiny in the finance sector.
On August 10, 2026, the RBI will conduct a Variable Rate Reverse Repo auction with a notified amount of ₹200,000 Crore for a tenor of 7 days. This step aims to manage the evolving liquidity conditions in the economy.
The Reserve Bank of India (RBI) has issued draft amendments to its NBFC Credit Facilities that propose restrictions on revolving credit products, allowing such products only for authorized credit card issuers. Public comments are invited.
Khaitan & Co has provided legal advice to Hindustan Composites Ltd regarding a ₹370 crore slump sale of its friction business to Rane (Madras) Limited. The transaction involved extensive due diligence and consultation.
SEBI's new buy-back freeze framework integrates promoter trading restrictions during buy-backs at the ISIN level, marking a shift to preventive compliance.
The Reserve Bank of India has published the list of non-banking financial companies (NBFCs) assessed under the Upper Layer of Scale Based Regulation for the financial year 2026-27. This regulatory framework categorizes NBFCs based on their financial health.
The Reserve Bank of India has invited stakeholder feedback on draft amendment directions regarding credit facilities for non-banking financial companies (NBFCs). Comments are sought by August 28, 2026.
The Reserve Bank of India has released draft guidelines for an on-tap licensing framework for Urban Co-operative Banks, inviting public feedback until September 5, 2026. This framework aims to streamline the licensing process and enhance the operational framework of these banks.
SEBI has clarified that private sales of unlisted shares to identified non-QIB investors are permissible within the limit of 200 persons, ensuring compliance with regulatory provisions.
The RBI has released directives on statutory audits for commercial banks, looking to enhance oversight and governance in audit processes.
The RBI has published new directives related to the internal audit function in commercial banks, underscoring the importance of governance and compliance oversight.