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Corporate Law : BCI directs State Bar Councils and law colleges to immediately implement its Circular on social media conduct, digital ethics and ...
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Corporate Law : PFRDA notifies Regulatory Sandbox Regulations, 2026 enabling controlled testing with limited relaxations while protecting subscrib...
The IRDAI issued a circular providing clarifications on the implementation of Indian Accounting Standards (Ind AS) by insurers effective from 1 April 2026. It mandates preparation of financial statements under Ind AS with parallel reporting of existing financial information for at least two years to ensure a smooth transition. Insurers must submit quarterly financial statements […]
The High Court refused to quash proceedings despite a compromise between parties. It held that serious offences like rape cannot be treated as private disputes and must proceed in law.
India transformed CSR into a statutory obligation under Section 135. This shift raises key questions on its role in governance and development.
The Competition Commission found prima facie evidence that breeder agreements restricted farmers from selling to competitors or using alternative breeds. It held that such clauses may constitute vertical restraints, warranting a detailed investigation. The case highlights concerns over limited market access and potential anti-competitive practices.
NFRA has released detailed guidance focusing on auditing provisions and contingent liabilities under Ind AS 37. It emphasizes improved auditor–audit committee communication and stronger evaluation of management estimates. The key takeaway is enhanced audit quality and transparency in financial reporting.
The amended guidelines mandate minimum CPE hours for all practicing members. Non-compliance will lead to discontinuation of the Certificate of Practice. The ruling emphasizes strict enforcement and continuous professional learning.
The Government clarified that claim rejections are based on policy conditions like exclusions and OPD classification. IRDAI mandates transparency and provides grievance mechanisms to protect policyholders.
IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transparency, comparability, and global alignment.
IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers on compliance, audit requirements, and financial reporting clarity.
The Commission dismissed allegations of anti-competitive conduct as no evidence under Sections 3 or 4 was established. It held that regulatory violations fall outside competition law and must be addressed under other statutes.