MCA Redefines Small Company Criteria, Raises Paid Up Capital Cap To Rs 10 Crore and Turnover Cap To Rs 100 Crore

The Ministry of Corporate Affairs has revised the definition of small companies by increasing the turnover ceiling from Rs 40 crore to Rs 100 crore and the paid-up capital threshold from Rs 4 crore to Rs 10 crore.The notification was issued on December 1, 2025 which took effect immediately. The amendment updates the Companies (Specification of Definition Details) Rules, 2014. These rules were first notified in March 2014 and last revised in September 2022. Only private companies that are...

Income Tax Act | Documents Seized From Actor Yash's Residence Make Him 'Searched Person': Karnataka High Court Quashes Order U/S 153C

The Karnataka High Court has held that the search conducted at Actor Yash's residence makes him a 'searched person' under the Income Tax Act, as documents were seized from him, during the search and a panchanama was drawn. Hence, the order under Section 153C of the Act, which applies to persons other than the one originally searched, is without jurisdiction. Section 153C of the...

Central Govt Ensuring GST Rate Cuts Are Passed On To Consumers: Finance Ministry Tells Lok Sabha

The Ministry of Finance has informed the Lok Sabha that, where several GST rates were rationalised, the Central Government has put in place a coordinated tax-administration mechanism to ensure that businesses actually pass on the GST rate-cut benefits to consumers. CBIC Monitoring Prices After GST Rate Cuts The Finance Ministry stated that the CBIC has been monitoring prices of...

NGT Regional Conference On Environment To Be Held In Chennai On December 6 & 7

The Zonal Bench of the National Green Tribunal (NGT), Chennai, is organizing the Regional Conference on Environment – 2025 on the 6th and 7th of December 2025. The conference is being held under the leadership of Mr. Justice Prakash Shrivastava, Chairperson, National Green Tribunal, and under the guidance of Mrs. Justice Pushpa Sathyanarayana, along with other esteemed Members of the NGT. The two-day conference will be inaugurated by Mr. Justice M.M. Sundresh, Judge, Supreme...

SEBI Cracks Down On Finfluencer Avadhut Sathe, Impounds ₹546 Crore For Providing Unregistered Investment Advice

The Securities and Exchange Board of India (SEBI) has banned finfluencer Avadhut Sathe from the securities market and impounded Rs 546.16 crore of unlawful gains after finding that he was providing unregistered investment advisory services in the garb of stock market education. SEBI also found that many participants who acted on his instructions suffered losses, while Sathe himself often did...

Delhi Court Imposes ₹5000 Cost On BJP Leader Suresh Nakhua In Defamation Suit Against YouTuber Dhruv Rathee

A Delhi Court on Thursday (December 4) imposed Rs. 5000 cost on BJP Mumbai spokesperson Suresh Karamshi Nakhua after his counsel sought adjournment to file Vakalatnama in his defamation suit against YouTuber Dhruv Rathee. The court was hearing a defamation suit filed by Nakhua alleging that Rathee referred to him as a part of “violent and abusive trolls” in his YouTube video titled “My Reply to Godi Youtubers | Elvish Yadav.” Nakhua has sought Rs. 20 lakhs damages from Rathee for...

Kerala Court Denies Anticipatory Bail To MLA Rahul Mamkootathil In Rape Case

The Principle District and Sessions Court, Thiruvananthapuram on Thursday (December 4) dismissed the anticipatory bail plea moved by Rahul Mamkootathil, Member of Legislative Assembly from Palakkad constituency, in a rape and miscarriage case.Smt. Nazeera S., Principal District and Sessions Judge, passed the order today in open court. The Court held the proceedings in-camera,...

Income Tax | ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits

The Income Tax Appellate Tribunal (ITAT) Mumbai has set aside a ₹10.84 crore addition made under Section 68 of the Income Tax Act in the case of actress Preity G. Zinta, holding that the Assessing Officer failed to appreciate the documentary evidence establishing identity, creditworthiness and genuineness of the loan transactions routed through entities of the Danish Merchant...

Using AI In Judiciary Is Not About Creating Robotic Judges; Justice Manmohan

Emphasizing that the Indian judicial system stands at the threshold of a "fourth industrial revolution," Justice Manmohan, judge, Supreme Court of India, recently addressed the urgent need to integrate Artificial Intelligence (AI) into the courts to tackle the mounting pendency of cases, while simultaneously cautioning against the perils of unchecked technology.At the event held on 29.11.2025...

Don't Comment On Court Orders If You Haven't Challenged Them: Pune Special Court Tells Rahul Gandhi In Savarkar Defamation Case

A Special MP/MLA Court in Pune earlier this week directed Congress leader Rahul Gandhi not to comment on its orders, which he has chosen not to challenge before a higher court.For context, in the ongoing trial against Gandhi for delivering a speech allegedly defaming right-wing leader Vinayak Savarkar, in London, the Leader Of Opposition (LOP) had in an application filed earlier stated that...

NCLT Asks SFIO To Clarify Whether It Verified Karti Chidambaram's PAN Before Freezing His Wife's Accounts

The National Company Law Tribunal (NCLT) at Chennai on Wednesday asked the Serious Fraud Investigation Office to clarify whether it independently verified fomer MP Karti Chidambaram's PAN before seeking freezing of the bank accounts of his wife, Dr. Srinidhi Karti Chidambaram, and directed the agency to file a response by December 9 The bench of Judicial Member Sanjiv Jain and Technical...

RGNUL Vice-Chancellor Prof. Jaishankar Singh Nominated To National Legal Services Authority

The Central Government, through Notification No. S.O. 5539(E) issued by the Ministry of Law and Justice (Department of Justice) under the Legal Services Authorities Act, 1987, has nominated Prof. (Dr.) Jaishankar Singh, Vice-Chancellor of Rajiv Gandhi National University of Law (RGNUL), Punjab, as a Member of the National Legal Services Authority (NALSA).As a Member of NALSA, Prof. Jaishankar Singh will contribute to advancing access to justice by ensuring effective delivery of free legal aid,...