The amendment clarifies that NRIs and OCIs investing on a repatriation basis must use designated repatriable rupee accounts for specified transactions. The key takeaway is that the RBI has strengthened monitoring mechanisms to improve transparency and compliance in foreign investments.
ROC Bangalore held that converting loans into equity without obtaining prior approval under Section 62(3) violates the Companies Act. Such transactions must comply with the appropriate share issuance provisions.
ROC Cuttack held that responsibility for inaccurate information in e-forms rests with the authorised signatory and certifying professional under Rule 8(3). The company itself escaped penalty in the circumstances of the case.
RBI has amended the Small Finance Banks framework to permit lending to listed InvITs while imposing detailed conditions on leverage, security, repayment structures, and end-use monitoring. The move aims to support infrastructure financing without compromising financial stability.
RBI has released draft amendment directions on the Standardised Approach for Counterparty Credit Risk after reviewing legal and regulatory developments. Stakeholders have been invited to submit comments by July 1, 2026.
The RBI has consolidated all directions relating to the withdrawal of ₹2000 banknotes from circulation. The circular reiterates that these notes remain legal tender and can be exchanged or deposited at designated RBI offices.
IBBI held that an Insolvency Professional cannot delay constitution of the Committee of Creditors based on settlement discussions or creditor reluctance. Failure to follow mandatory CIRP timelines resulted in a three-year suspension.
RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements until September 30, 2026. The measure is aimed at attracting foreign currency funds and strengthening banking system liquidity.
RBI has granted CRR and SLR exemption on eligible FCNR(B) deposits mobilized until September 30, 2026. The move is aimed at attracting foreign currency funds and strengthening banking sector liquidity.
IFSCA clarified that a common brand name by itself is sufficient to establish a Group Entity relationship under the ship leasing framework. No equity holding or other corporate linkage is required for this purpose.
