AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
New rules require non-small private companies to comply with mandatory dematerialisation, alongside an 18-month compliance timeline for ISIN applications.
The NCLT Ahmedabad has ruled that financing for a bank loan takeover does not qualify as financial debt, leading to the rejection of a related Section 7 IBC application.
The NCLT Ahmedabad has permitted the reissue of redeemable preference shares under Section 55(3) after ensuring statutory conditions were satisfied. This ruling directs the redemption of shares held by non-consenting holders, providing clarity on shareholder rights.
In a move towards regulatory streamlining, the Reserve Bank of India has consolidated several supervisory instructions and repealed older circulars. This action aims to enhance clarity and compliance for banks and financial institutions.
The Directorate General of Foreign Trade (DGFT) has updated its export schedule to declare several inorganic and organic chemicals, along with other items, as 'free' for export. This move aims to liberalize trade and facilitate exports.
SEBI has mandated that all covered intermediaries must use validated ‘@valid’ UPI IDs and QR codes starting from October 1, 2025, to strengthen payment verification and mitigate the risk of fraud.
The Securities and Exchange Board of India (SEBI) has introduced the GARUDA mechanism to streamline the procedures for filing the Private Placement Memorandum (PPM) and launching Alternative Investment Fund (AIF) schemes. This is aimed at improving efficiency in the registration process.
The Reserve Bank of India has published new Statutory Audit Directions for commercial banks, delineating guidelines for audit procedures and governance, critical for regulatory compliance and financial integrity.
The Reserve Bank of India has set forth the Internal Audit Function Directions for commercial banks, aiming to enhance internal governance and compliance oversight within financial institutions.
The Reserve Bank of India has unveiled new guidelines focused on fraud risk management within commercial banks, aiming to enhance the overall resilience and regulatory compliance of financial institutions.
The Reserve Bank of India has issued new directions regarding concurrent audits for commercial banks. These regulations are aimed at establishing better governance and oversight mechanisms within the banking sector.
The Reserve Bank of India has published the Compliance Function Directions for commercial banks, emphasizing governance, oversight roles, and compliance policy adherence. The guidelines aim to fortify the legal framework around banking operations.
The IRDAI has officially notified the Manner and Procedure for Imposing Penalties Regulations, 2026, outlining the processes for penalty proceedings, hearings, and appeals.