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Corp. Laws / SEBI / IBC
Dated:- 9-9-2026
PTI
New Delhi, Sep 9 (PTI) The Supreme Court on Wednesday remanded back to Securities Appellate Tribunal (SAT) a matter in which market regulator SEBI had imposed a penalty of Rs 5.25 crore on Cairn India, a part of Vedanta Limited, for making a misleading announcement regarding the buyback of shares in 2014. A bench of Justices J B Pardiwala and K V Viswanathan said the scrutiny of conflicting trading data, and the determination of which of the two versions is to be accepted is an exercise that... ... ...

2023 (12) TMI 1518
Case Laws Income Tax
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SHRI PRASHANT MAHARISHI, AM AND SHRI RAHUL CHAUDHARY, JM For the Assessee : Shri Niraj Seth, Advocate For the Revenue : Shri Manoj Kumar, CIT DR ORDER PER PRASHANT MAHARISHI, AM: 01. This appeal is filed by The Dy. Commissioner of Income Tax, Central Circle, 7(3), Mumbai (the learned Assessing Officer) against the appellate order passed by The Commissioner of Income-tax (Appeals)-57, Mumbai [the learned CIT (A)] dated 20th June, 2022, wherein the appeal filed by the assessee again... ... ...

Notification No. S.O. 4936 (E) Dated:- 3-9-2026 Special Economic Zone
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (SEZ Division) NOTIFICATION New Delhi, the 3rd September, 2026 S.O. 4936(E).- Whereas, M/s. Rackbank Datacenters Private Limited, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for Information Technology and Information Technology Enabled Services Special Economic Zone at Plot No.CF7, Sector-22, N... ... ...

Notification No. S.O. 4935(E) Dated:- 7-9-2026 Special Economic Zone
Rescission of the earlier Special Economic Zone notification de-notifies the entire 60.70-hectare area established for Information Technology and Information Technology Enabled Services at Mamidipalli Village, Saroornagar Mandal, Ranga Reddy District, Telangana, on the proposal of M/s. Brahmani Infratech Limited. The Central Government exercises its power under the first proviso to rule 8 of the Special Economic Zones Rules, 2006 to rescind the prior notification, while preserving acts done and omissions occurring before the rescission took effect.

2006 (3) TMI 817
Case Laws Indian Laws
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S.U. KAMDAR, J. For the Appellant : Virag Tulzapurkar, Amit Jamsandekar, Sindhu Shrivastav and Neha Phatak, Advs., i/b., D.H. Law and Associates For the Respondents : Salil Shah, Hemang Engineer and Avani Shah, Advs., i/b., Gordhandas and Fozdar, Advs. JUDGMENT S.U. Kamdar, J. 1. The present notice of Motion has been taken out inter alia seeking relief of injunction of infringement of the plaintiffs artistic work being Exhibit-D to the plaint and also for an injunction from in any... ... ...

Notification No. S.O. 4934 (E) Dated:- 3-9-2026 Special Economic Zone
Expansion of a sector-specific Special Economic Zone for electronic hardware, software, information technology and information technology enabled services incorporates additional land at Plot No. 1, Industrial Park, Kurubarapalli, Krishnagiri District, Tamil Nadu. The zone is enlarged by 1.14 hectares, resulting in a total notified area of 12.10 hectares. Inclusion follows the developer's proposal and the recommendation of the Board of Approval under the statutory SEZ framework.

Customs & Trade
Dated:- 9-9-2026
PTI
Elevated international crude prices, combined with unchanged retail petrol and diesel rates, have produced negative marketing margins for state-owned fuel retailers and under-recoveries on domestic LPG. India's reliance on imported crude increases exposure to a higher import bill, trade-balance pressure and currency weakness. Sustained crude-cost increases may feed into domestic inflation through fuel, transport and energy costs, while also raising input costs for oil-sensitive industries and constraining monetary easing if inflation broadens.

Circular No. HO/47/16/13(5)2026-MRD-POD1/ I/20735/2026 Dated:- 9-9-2026 Circular Dated:- 9-9-2026 Ci...
Client-level open-interest breaches in commodity derivatives attract daily monetary penalties based on excess position, closing price, duration and a two-percent rate, subject to different caps according to the extent of breach. Members must reduce excess positions by the next trading day, failing which exchanges may square off the excess without further notice. Repeated breaches can trigger one-day square-off mode and additional equivalent penalties, subject to an exception for breaches exclusively caused by clubbing of positions. Client-level position limits remain linked to annual deliverable supply and commodity classification.

FEMA / RBI
Dated:- 9-9-2026
PTI
Pye is a multi-lender digital lending platform that matches retail borrowers with regulated lending partners according to credit need, loan type and timeline. It centralises know-your-customer compliance, documentation and disclosures, avoiding repeated borrower processes across applications. Available offers are to be displayed neutrally, with pricing, terms and annual percentage rate disclosed before a borrower proceeds. Borrower data is shared only with lenders selected for an application, while the platform is intended to make credit access available through broader digital-service channels.

2009 (4) TMI 1077
Case Laws Indian Laws
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DR. ARIJIT PASAYAT, P. SATHASIVAM AND AFTAB ALAM, JJ. For the Appellant : Siddhartha Dave, Vibha Datta Makhija, Jemti Ben and Pratibha Jain, Advs For the Respondents : Sushil Kumar Jain, Puneet Jain, Christi Jain, Piyush Jain, Achana Mishra and Pratibha Jain, Advs. JUDGMENT Arijit Pasayat, J. 1. Leave granted. 2. These appeals are inter linked and are therefore disposed of by this common judgment. Challenge in these appeals is to the order passed by a learned Single Judge of th... ... ...

News and Press Release
Dated:- 9-9-2026
Fintech expands financial inclusion through digital payment and banking infrastructure, enabling customers to transact, save and borrow through accessible channels. It improves efficiency through faster account opening and payment settlement, lower transaction costs, AI-driven fraud detection and real-time supervision. Cash-flow-based lending, account aggregators and the Unified Lending Interface support collateral-light formal credit for micro, small and medium enterprises. Regulatory engagement supports self-regulation, digital public infrastructure and responsible innovation while safeguarding trust, safety, inclusion, fairness and efficiency.

2004 (9) TMI 720
Case Laws Indian Laws
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DR. ARIJIT PASAYAT AND C.K. THAKKER, JJ. For the Appellant : Sanjay R. Hegde, Adv For the Respondents : G.V. Chandrashekar and P.P. Singh, Advs. JUDGMENT Arijit Pasayat, J. 1. Leave granted. 2. The scope and ambit of Section 19 of the Prevention of Corruption Act, 1988 (in short the 'Act') falls for consideration in this appeal. State of Karnataka calls in question legality of the judgment rendered by a learned Single judge of the Karnataka High Court. The High Court up... ... ...

PMLA, Black Money & ED
Dated:- 9-9-2026
Virtual Digital Assets Service Providers operating in India, whether offshore or onshore, must register with FIU-IND as reporting entities when undertaking specified virtual-asset activities. Their obligations are activity-based and include registration, reporting, record-keeping and other requirements under the PMLA and rules made under it. Notices under the PMLA were issued to fifteen providers for non-compliance, accompanied by notices seeking takedown of their applications and URLs from public access.

Customs & Trade
Dated:- 9-9-2026
PTI
The Chief Minister Startup and NIPUN Mission promotes youth employment, skill development, entrepreneurship, innovation and technology-based industries through entrepreneurship centres, technology laboratories, industry excellence centres and a job engine aligned with industry requirements. The Export Promotion Policy strengthens export infrastructure, market access, trade facilitation and value-added agricultural and industrial exports. The maximum age limit for eligible government and allied personnel applying for other government services or higher posts has also been increased.

News and Press Release
Dated:- 9-9-2026
Directorate of Revenue Intelligence operations targeting illicit narcotic drug trafficking resulted in the seizure of around 740 kg of cannabis, high-grade hydroponic cannabis and charas, and the arrest of 13 persons under the NDPS Act, 1985. Road-based interceptions involved drugs concealed in trucks and cars, including loading areas, floor cavities and secret compartments. Rail and air-route interdictions addressed passenger-based trafficking, including charas concealed on train passengers and high-potency cannabis carried by passengers arriving on international flights.

2023 (4) TMI 1493
Case Laws IBC
Clerical errors in resolution-plan approval orders may be corrected through a corrigendum under the NCLT procedural rules.
Rule 154 of the National Company Law Tribunal Rules, 2016 permits correction at any time of clerical or arithmetical mistakes and errors arising from an accidental slip or omission. Errors in a resolution-plan approval order concerning plan particulars, the creditor-payment table, treatment of claims, and the resolution applicant's name were corrected where supported by the record. A corrigendum was issued and forms part of the resolution-plan approval order.

Corp. Laws / SEBI / IBC
Dated:- 9-9-2026
PTI
Yubi PoleStar is a SEBI-registered portfolio management service offering credit-focused strategies for income, liquidity, long-term wealth creation and bespoke multi-asset portfolios. Investment selection and monitoring use a six-gate credit architecture, weighted credit-risk assessment, investment committee oversight, independent valuation and segregated client custody. SEBI registration does not guarantee performance or returns. Investments involve market, credit and liquidity risks, including loss of principal, and are subject to the disclosure document, prescribed minimum investment requirement and applicable accredited-investor relaxations.

2024 (2) TMI 1683
Case Laws Income Tax
Rectification jurisdiction cannot review merits, while TNMM benchmarking requires independent annual financial analysis for transfer-pricing adjustments.
Rectification under section 254(2) is confined to patent mistakes apparent from the record and cannot be used to review a reasoned decision on facts or law; reconsideration of an amended provision and denial of weighted deduction must be pursued through appellate review. Fresh transfer-pricing benchmarking under TNMM must be undertaken independently for each assessment year using that year's financial data, even where TNMM is accepted as the most appropriate method. Accordingly, the remand for fresh arm's length price determination remains operative, but the clarification concerning comparative associated-enterprise and non-associated-enterprise segment margins was deleted to remove ambiguity.

Customs & Trade
Dated:- 9-9-2026
PTI
Advance licensing scheme sugar refiners are required to divert refined white sugar, produced from imported raw sugar ordinarily intended for export, to the domestic market to augment supplies. Domestic sugar-price management also includes duty-free sugar imports, tighter stockholding limits for bulk users and dealers, and restrictions on sugar exports. These measures operate against revised production estimates, projected domestic demand, available stocks, and concern over price increases by sugar mills.

Income Tax
Dated:- 9-9-2026
PTI
SuperPan introduces TitaniumSteel, a titanium-and-stainless-steel material engineered through a patent-pending NanoFusion process for uncoated, naturally non-stick cookware. Titanium is permanently fused with stainless steel, and microscopic surface texturing is designed to retain a thin oil film without a synthetic non-stick layer. The five-ply construction is described as supporting durability, high-heat cooking, metal-utensil use and food release without PTFE, PFAS or other synthetic coatings.

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