Articles

The RBI (Priority Sector Lending) Amendment Directions 2026 were notified by the Reserve Bank of India on 19 January 2026 and amend the Priority Sector Lending (Targets and Classification) Directions, 2025. They realign how banks compute the base for priority sector targets, rework the treatment of on-lending, co-lending and securitisation, and update a set of […]

The RBI (Rural Co-operative Banks – Governance) Amendment Directions, 2026 were issued by the Reserve Bank of India on 25 May 2026 and require a director of a State or Central Co-operative Bank who completes a continuous ten-year tenure to sit out a minimum three-year cooling-off period before any re-appointment. The amendment edits the RBI

Police custody and judicial custody are the two forms of pre-trial detention a Magistrate can order after an arrest, and they differ in who holds the accused, for how long, and why. In police custody the accused stays with the investigating police for questioning and can be held for a maximum of 15 days; in

The landmark judgments on bail under the Code of Criminal Procedure, 1973 run from the principle that bail is the rule and jail is the exception, through the Constitution Bench rulings on anticipatory bail in Gurbaksh Singh Sibbia and Sushila Aggarwal, to the default-bail line under Section 167(2) and the 2022 bail-reform directions in Satender

The FEMA (Authorised Persons) Regulations 2026 were notified by the Reserve Bank of India on 30 April 2026 and replaced the earlier framework that governed authorised dealers and money changers. They sort authorised persons into four categories, introduce the Forex Correspondent as a principal-agent replacement for the franchisee model, and stop the Reserve Bank from

International commercial arbitration in India is the arbitration of a commercial dispute where at least one party is foreign, as defined by Section 2(1)(f) of the Arbitration and Conciliation Act, 1996. Whether Indian law governs the proceeding turns on the seat: Part I of the Act applies when the seat is in India, while Part

The Companies (Registered Valuers and Valuation) Amendment Rules 2026, notified as G.S.R. 432(E) and in force from 5 June 2026, amend Rule 12(1)(i) of the 2017 Rules and require every registered valuer organisation (RVO) to hold a minimum paid-up share capital of Rs 25 lakh. An RVO must also be a Section 8 company whose

Arbitral institutions in India administer arbitrations under their own rules, panels and fee schedules, unlike ad hoc arbitration that the parties run themselves. The main domestic options are the Mumbai Centre for International Arbitration (MCIA), the Delhi International Arbitration Centre (DIAC), the Indian Council of Arbitration (ICA) and the statutory India International Arbitration Centre (IIAC),

Section 29A of the Arbitration and Conciliation Act, 1996 sets the time limit for arbitral awards: a domestic tribunal must make its award within 12 months from the date the pleadings are completed, and the parties can add another 6 months by consent. Beyond that combined period of 18 months, only a court can extend

Enforcement of foreign arbitral awards in India is governed by Part II, Chapter I of the Arbitration and Conciliation Act, 1996 (Sections 44 to 52), which gives effect to the New York Convention. A party holding a foreign award produces it to the High Court under Section 47, and once the court is satisfied that