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In the vast expanse of the digital realm, where convenience, connectivity, and progress reign supreme, a new and insidious shadow looms. Cyber fraud has emerged as a formidable adversary, exploiting every crack in the virtual world. With the rise of online banking scams, phishing schemes, identity theft, and fraudulent transactions, the threat of cyber fraud has seeped into every corner of our digital lives.

Expecting someone to remember pages of oral explanations is unrealistic. By requiring written grounds, the Court has ensured that individuals can consult their lawyers, prepare their defense, and exercise their right to bail meaningfully. It’s a small procedural shift, but one that makes a world of difference to personal liberty.

Being a body corporate, the word 'Company' has been defined under Section 2(20)1 of the Companies Act, 2013 as a company incorporated under this Act or under any previous company law.

On July 11, 2025, the Indian institute of Management, Calcutta (IIM-C), one of the most prestigious educational institutions, came into a national spotlight following the allegations of rape involving students on campus.

India's regulatory landscape witnessed heightened enforcement activity in July 2026, with the Enforcement Directorate executing major asset attachments exceeding ₹20,000 crore in high-profile cases...

The obligation of statutory auditors to report fraud under Indian Company law has been traditionally perceived as a governance safeguard to protect minority shareholder interests.

In light of the worldwide Covid-19 pandemic and the resulting financial slump in the country many companies are likely to find modes to ring fence their assets for better security and protection.

Money laundering is an illicit process of concealing the origins of illegally obtained money.

The principles of Res Judicata are not applicable in cases where the reliefs sought are different in nature based on statutory rights and could not have been granted by an earlier court.

India’s digital payments landscape / ecosystem has grown exponentially and at a pace that regulators struggled to match. The rules governing automatic recurring charges remained scattered across multiple directives issued at different times.

Globalization has undoubtedly transformed the way the world does business. With international trade acting as a key driver of economic progress, goods, services, and capital now move across borders with unprecedented ease. But this seamless flow also presents significant regulatory challenges, particularly in the form of sophisticated financial crimes that exploit the very systems meant to facilitate growth.

The intersection of India's Insolvency and Bankruptcy Code and the Prevention of Money Laundering Act has created complex legal tensions in corporate fraud cases.

The Black Money (Undisclosed Foreign Income & Assets) & Imposition of Tax Act, 2015 ("BMA") is a strict taxation law that seeks to heavily tax and criminally punish taxpayers...

The commission of offences dealing with the crime of money laundering, in India, has increased considerably in the last decade or so with huge scandals being uncovered on a regular basis.

The Company (Auditor's Report) Order, 2016 (CARO 2016) was notified on 29 March 2016.

Phoenix Legal shares recent developments in the area of white-collar crimes from 29th November 2022 to 12th December 2022.

We welcome you to the July-August 2025 Edition of CMS INDUSLAW's Employment Corner Bulletin. In this issue, we have discussed key statutory and judicial updates in the employment...

The Goods and Services Tax (“GST”) was implemented in India to simplify the indirect taxation system and prevent tax evasion. However, non-compliance with GST laws, especially fraudulent activities, can lead to severe penalties, including criminal liability for directors and promoters of a company. The Central Goods and Services Tax CGST Act, 2017 (“CGST Act”), provides provisions that hold directors and promoters responsible for tax fraud, defaults, and evasion.