The RBI has reportedly issued a directive requiring observers on the boards of NBFCs to be appointed as directors. This significant shift will affect how investors engage with the management of their NBFC portfolio....

Over the past couple of months, the National Health Authority has taken active steps to successfully implement the Ayushman Bharat Digital Mission and drive the cause of digital health in India forward. In addition,...

In recent years, India's restaurant industry has emerged as a vibrant hub for foreign investments, reflecting the nation's evolving culinary landscape and growing consumer demand. As innovative business models gain...

“Gujarat International Finance Tec-City (GIFT City) is emerging as a crucial global finance hub, attracting various financial and technology firms with its unique blend of regulatory advantages, tax incentives, and...

Green hydrogen is becoming essential in the global clean energy transition, as India's National Green Hydrogen Mission aims for 5 million metric tonnes of production annually by 2030, inviting $95 billion in investment...

Amidst the increasing demand for internalization into India (from foreign jurisdictions), the Ministry of Corporate Affairs on September 09, 2024, introduced an important regulatory change for amalgamation of foreign...

Over the past couple of months, regulatory authorities in the healthcare and pharmaceutical sectors have been highly active in the enforcement of good manufacturing practices amid drug quality concerns across India. In...

The Government of India through the Ministry of Finance recently notified key amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 by easing out FDI-ODI swaps, relaxing norms for FPI...

The Food Safety and Standards Act, 2006 (the Act) governs a wide array of activities in relation to food products and its ingredients including manufacturing, importing, processing, packaging, wholesale, distribution...

As we proceed through the year, it is with great pleasure that we present the second edition of our Intellectual Property Newsletter for 2024. This quarter has witnessed a plethora of noteworthy developments, legal...

Acquiring a company by way of a staggered/ tranched acquisition remains a popular method of structuring M&A transactions in the Indian legal landscape. A staggered acquisition involves a strategic investor acquiring a...

In a significant development, the SEBI has recently approved significant regulatory changes to the framework governing the issuance of listed debt securities and non-convertible redeemable preference shares. The changes...

The provisions relating to declaration of significant beneficial ownership (“SBO”) were introduced in the Companies Act, 2013 (“Act”) with effect from June 2018, to prevent misuse of corporate vehicles for the...

Over the past couple of months, the healthcare industry has witnessed several regulatory developments ensuring best practices for clinical trials, stability studies for in-vitro diagnostics medical devices and...

India's insurance sector is experiencing remarkable growth, poised to reach USD$ 222 billion by 2026 according to projections by the Insurance Regulatory and Development Authority of India (IRDAI), positioning it as the...

Over the past two months, significant strides have been made in reforming marketing practices within the pharmaceutical industry, alongside efforts to establish fair pricing frameworks for both drugs and medical...

As India prioritizes wellness and self-care, its cosmetics market, especially skincare and haircare products, is thriving. South Korean beauty products (K-Beauty), whether under Indian brands or Korean labels, are...

The logistics sector is like the heartbeat of nations, keeping goods moving smoothly through various transportation modes like rail, road, sea, and air. A variety of players ensure goods move smoothly, from large...

On the night of February 21, 2024, the Union Cabinet, in a historic move, announced its decision to amend the Foreign Direct Investment (FDI) policy in the space sector, by creating new sub-sectors with different entry...

In response to longstanding stagnation, the Karnataka state government, on February 03, 2024, notified the Karnataka Stamp (Amendment) Act 2023, revamping stamp duty rates for more than 50 legal instruments, including...

Over the past two months, the developments in the healthcare and pharma industry particularly focused on extending the scope of good manufacturing practices for pharmaceutical products and regulating medical research...

After land, water, and air, space is the next (last?) frontier that the sovereign states set to explore. The space race started from the launch of Sputnik I in 1957 for exploration and warfare, to now being pursued by...

In a significant regulatory development, the RBI has recently revamped the regulatory framework for the issuance of Commercial Papers and Money Market NCDs through the issuance of updated Master Directions, superseding...

India has been pursuing the goal of electric mobility for several years, with the launch of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme in 2015. As the second phase of the scheme,...

In a move to make India a hub for global capital flow, Gujarat International Finance Tech-City (“GIFT City”) was established by the Government of India in April 2015 near Gandhinagar, Gujarat, pursuant to the...

The recent developments in the healthcare and pharma industry primarily focuses on high quality pharmacy education and equitable access to healthcare coupled with classification of certain new medical devices. This...

In a much needed clarity on ability of AIFs to enter into the distressed market sector, SEBI has recently issued a consultation paper to enable such ‘special situation funds’ (SSFs) (a distinct class of AIFs) to...

In the realm of financial investments, understanding the mechanics of liquidation preference can be the key to making informed decisions. In this Article, INDUSLAW’s Anindya Ghosh, Jaidrath Zaveri and Aditi...

The adoption of EVs in India has recently witnessed remarkable momentum. However, a successful switch to EVs relies heavily on the adequacy of EV charging infrastructure. The objective of this article is to analyse the...

In 2015, the Government of India had introduced incentives to promote EV adoption through the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme. While growth in the sector has been...

The implementation of environmental, social, and governance (ESG) regulatory frameworks is being increasingly prioritized by regulatory bodies to address concerns about greenwashing and misallocation of capital. A...

With the dynamic and ever-evolving landscape of global markets in the post-pandemic world, global players are looking for new destinations to relocate their supply chains and manufacturing hubs. While each business has...

In the recent past, an increased number of ultra-high net worth individuals and families started using jurisdictions outside India such as Singapore and Dubai to open ‘family offices’ to utilise and invest their...

SEBI clarifies the exemption from the obligation of making an open offer, available under the Takeover Code for inter-se transfer of shares amongst a promoter and its immediate relatives, in an informal guidance. Cases...

The Securities and Exchange Board of India on July 6, 2023 has introduced the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023 which have...

The Securities and Exchange Board of India in its meeting of the board members held on June 28, 2023 has approved a slew of significant proposals in relation to equity as well as debt securities markets. These proposals...

India has witnessed a significant boost in M&A transactions on account of major foreign direct investment policy reforms and sector specific policies and incentives. As a market practice parties prefer to enter into...

Apple Inc. (Apple) recently opened its first retail store in India in April 2023 at the Reliance World Drive mall. The lease agreement executed by Apple for leasing the premises includes a restrictive covenant...

We are pleased to share our Newsletter covering key legal, regulatory and policy updates from India for the quarter of January 2023 to March 2023.

India’s increasingly robust approach towards corporate fraud has helped in a significant level of fraud detection in public as well as private companies. The statutory and investor driven imperative to adhere to high...

The fight to protect the planet from the effects of climate change would not be impactful without the transition of the automotive industry to green electric vehicles. The Indian Government’s focus on decarbonizing...

India had a chequered history of allowing foreign lawyers to practice in India. The main obstacle is represented under the traditional view that the legal profession is not a commercial activity and should not leaven...

Regulators, investors and businesses are progressively aligning on the need to devise a robust regulatory framework detailing environmental, social and governance related norms and processes. In an attempt to streamline...

The Reserve Bank of India recently issued the Frequently Asked Questions to clarify certain positions under the Digital Lending Guidelines. The FAQs clarify the letter and spirit of the law to be followed by banks and...

Many Indian companies have historically used restructuring measures involving flipping or externalisation of their business and operations. Economic factors and legal regime, involving such structures have been...

We are pleased to share our Newsletter covering key legal, regulatory and policy updates from India for the quarter of October 2022 to December 2022.

SEBI has, through its circular dated January 10, 2023, modified the framework of offer for sale of shares through stock exchange mechanism with an objective to make the process more flexible and efficient for...

The Finance Bill, 2023 has introduced an amendment to the Angel Tax provisions under the Income tax Act, 1961 in relation to its applicability to non-residents. Induslaw’s Winnie Shekhar, Anantha Krishnan Iyer, and...

The Securities Exchange Board of India has, through its notification released on November 21, 2022, made certain key changes to the disclosures on the ‘Basis of Issue Price’ section in the offer documents to ensure...

The Securities Exchange Board of India has, in its meeting held on September 30, 2022, approved certain changes to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,...

INDUSLAW is a multi-speciality Indian law firm with over 50 partners and over 300 lawyers across four offices in Bengaluru, Delhi, Hyderabad and Mumbai. We advise foreign and domestic clients on matters of Indian law in...

The article was originally published at chambers.com

Rising temperatures, rising sea levels, floods and climate change in general has become a cause of global concern in the last decade. To combat climate change, the Government of India (“GoI”) has been proactively...

On August 22, 2022, the Government of India through the Ministry of Finance and in consultation with the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Overseas Investment) Rules, 2022,...

In a world ripe with innovation but rife with the stress of finding tenable and lasting solutions, it appears that the time is right for acceleration of the development and adoption of electric...

The article aims to highlight the steady expansion of the economic relations between India and Japan that has led to the development of Japanese Industrial Townships (“JITs”) to encourage investment by Japanese...

The objective of this article is to highlight the legal backdrop governing manufacturing of Electric Vehicles (“EVs”) and its batteries and the process for approvals and certification of EVs and EV batteries. The...

The Indian regulatory regime has been constantly adapting itself to address the corporate governance issues that have arisen from misuse of related party transactions by Indian companies. The Government, from time to...

The article discusses and analyses ESG reporting in general and focuses on the reporting framework in India. It also highlights some key issues that would be of interest to investors, public companies, and other market...

The Ministry of Consumer Affairs, Food and Public Distribution, through the Department of Consumer Affairs, has notified the Consumer Protection (Direct Selling) Rules, 2021 on December 28, 2021 with the aim to increase...

The Securities Exchange Board of India has, in its meeting held on December 28, 2021, approved certain changes to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,...

The objective of this article is to furnish the current policy regime and legal framework around electric vehicles (“EVs”) in India. In light of the growing concerns of climate change, there is a need to ensure...

The usage of cannabis, hemp or marijuana precedes official records, and it is one of the oldest crops thought to have been cultivated. A complex plant with over 400 chemical entities, it remains poorly understood to...

SPACs have been the buzzword in financial markets in the US and India. With more investors training their binoculars towards the subcontinent, INDUSLAW's Suneeth Katarki, Rashi Saraf, and Stuti Agarwal examine SPACs as...

The Revenue and Forests Department has amended the Maharashtra Stamp Act, 1958 on February 9, 2021, vide Maharashtra Ordinance No. I of 2021[1], by promulgating the Maharashtra Stamp (Amendment and Validation)...

On January 08, 2021, the RBI amended the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 with the aim to introduce certain exemptions related to the aviation sector. Vidit Mehra and Shivani...

In the backdrop of Britain’s departure from the European Union effective January 2021, INDUSLAW’s Avimukt Dar and Shantanu Mukul discuss the major issues arising out of Brexit and the future trade relationship...

Between March 2020 and December 2020, the legislative space in aviation saw several changes, such as amendments to FDI in aviation, the Aircraft (Amendment) Act, 2020, amendments to civil aviation requirements to record...

The New OSP Guidelines have been issued by the DoT with the objective of devising a framework to accommodate the constant innovations in technology and for setting up a platform for OSPs to operate in the most...

The Aircraft (Amendment) Act, 20201 (the “Amendment”) was passed by the Lok Sabha on March 17, 2020, by the Rajya Sabha on September 15, 2020, and received presidential assent on September 19, 2020, thereby,...

On October 28, 2020, the DPIIT after a gap of 3 long years, unveiled the consolidated FDI Policy, 2020. While it seeks to consolidate the extant FDI regime and replaces the older policies, it does not overwrite the...

The finance minister of India, Smt. Nirmala Sitharaman tabled the Companies (Amendment) Bill, 2020 (the “Bill”) before the Lok Sabha on March 17, 2020, to introduce certain modifications to the Companies Act, 2013...

Employee stock option plans are integral to the growth of an enterprise, since they incentivize and reward employees for long-term commitments towards a company, with an equity stake or a cash payout based on an equity...

Product liability law provides the consumers with legal recourse for any injuries suffered from a defective product. It is estimated that millions of people around the globe are negatively affected by defective products...

The Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2020[1] were introduced on July 27, 2020, which among other things, passes the baton from the government of India back to the RBI, for...

The Government of India recently issued notifications on July 15, 2020 and July 23, 2020 for enforcement of the Consumer Protection Act, 2019 (CPA 2019). The CPA 2019 was published in the official gazette of India on...

With a dip in company valuations due to the economic downturn in the COVID-19 pandemic, and with companies raising money at lower valuations, discussions and enforceability of anti-dilution protection clauses are likely...

Recently, in two related sets of orders, SEBI has opined on the dissemination of unpublished price sensitive information through digital and social media. The orders lend valuable perspective on some keenly-debated...

Over the last few months, the Securities and Exchange Board of India (“SEBI”) has offered much-needed relaxations to the companies struggling with the disruption caused by COVID-19. With unlock 2.0 being...

In light of the ongoing COVID-19 pandemic outbreak, the Ministry of Home Affairs ('MHA') on May 20th, 2020 has amended the guidelines on lockdown and allowed domestic air travel of the passengers. Accordingly, the...

COVID-19 has created 'new normals' in every aspect of life, including in economies, markets, businesses, and the funds that power them. Riding an 11 year bull run, global markets have nosedived. On the flip-side, with...

In April of 2019, the Department of Justice of the United States of America released a Guidance Document aimed at highlighting certain key factors for prosecutors to consider while conducting an investigation of a...

With lockdown 3.0 being implemented, the Securities and Exchange Board of India (SEBI) has through a circular dated May 06, 2020, granted temporary relaxations from certain procedural requirements related to rights...

COVID-19 has brought the world to its knees. Countries are at different stages of transmission of the pandemic, trying their best to cope with their growing economic and social impact. Governments world-over...

On April 27, 2020, the Ministry of Finance notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2020 (the 'Amendment') to amend the Foreign Exchange Management (Non-debt...

On April 21, 2020, the Securities and Exchange Board of India (SEBI) offered temporary amnesty to companies from certain crucial regulations governing public offerings (initial and follow-on) and rights offerings in...

The Ministry of Corporate Affairs (the 'MCA') has notified the Companies (Auditor's Report) Order, 2020 on February 25, 2020, superseding the Companies (Auditor's Report) Order, 2016. The Order aims to tighten the noose...

In furtherance to the Ministry of Corporate Affair's (the 'MCA') general circular dated March 24, 2020 and the powers conferred on it under the Companies Act, 2013, the MCA, vide general circular no. 12/2020 dated March...

In the wake of the COVID-19 pandemic and the consequent restrictions imposed on the movement of people, goods and services, companies are facing new hurdles in carrying on their business while ensuring compliance with...

On March 27, 2020, to mitigate the impact of COVID-19 on the financial market, the RBI announced a regulatory package, through which it allowed a specific moratorium on the repayment of debt, the relaxation of certain...

With the adverse impact of the COVID-19 pandemic on businesses around the world, people are evaluating various options regarding the performance of contracts. One of these options is invoking the 'force majeure' clause....

As COVID-19 continues on its rampage, the Government of India and other authorities have been continuously initiating measures to contain the pandemic, including a nationwide lockdown. The capital markets regulator...

With the growing uncertainty around the COVID-19 situation, parties have begun to evaluate what customarily gets built into transaction documents as a clause relating to material adverse effect or material adverse...

In light of the ongoing COVID-19 pandemic outbreak, the Ministry of Corporate Affairs (the 'MCA') on March 23, 2020 has provided a clarificatory circular with respect to the spending of the funds set aside for...

In our news alert published last week, we had discussed some much-needed exemptions granted by the Securities and Exchange Board of India ('SEBI') to listed companies grappling with the disruption caused by the outbreak...

In view of the prevailing threat due to the Covid-19 outbreak, the Ministry of Corporate Affairs has relaxed the restrictions on conducting board meetings through video conferencing and audio visual means in relation to...

COVID 19 is 2020's juggernaut - a black swan that has disrupted life like we have never known before. While governments over the world have been treating the pandemic on a war footing, introducing drastic measures such...

On February 03, 2020, the Ministry of Corporate Affairs notified Sections 230(11) and Section 230(12) of the Companies Act, 2013 along with the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules,...

On January 6, 2020, the Insolvency and Bankruptcy Board of India (the 'IBBI') notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 (the 'Amendment') to further amend...

In furtherance of ease of doing business in India and in order to capture the changes which had been introduced by Press Note 4 of 2019, the Central Government on December 5, 2019, notified the Foreign Exchange...

The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the 'Rules'), the Foreign Exchange Management (Debt Instrument) Regulations, 2019 (the 'Debt Regulations'), and the Foreign Exchange Management (Mode...

The Securities and Exchange Board of India ('SEBI') has notified the SEBI (Foreign Portfolio Investors) Regulations, 2019 (the 'Regulations') on September 23, 2019, in supersession of the SEBI (Foreign Portfolio...

On September 17, 2019, the Securities and Exchange Board of India notified the amendments to the insider trading regime by notifying the SEBI (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 to...

On August 28, 2019, the Union Cabinet approved the proposal for amending certain provisions of the FDI Policy, suggesting relaxation of FDI norms for various sectors. INDUSLAW's Akhoury Winnie Shekhar, Jaidrath Zaveri...

With an aim to boost the economy, the Ministry of Corporate Affairs issued a notification to amend the Companies (Share Capital and Debentures) Rules, 2014, through which the rules for issue of equity shares with...

The Ministry of Corporate Affairs has notified the Companies (Amendment) Act, 2019, considering the changes brought in by the Companies (Amendment) Ordinance, 2018, the Companies (Amendment) Ordinance Act, 2019 and the...

The Insolvency and Bankruptcy Board of India has notified amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the IBBI (Liquidation Process) Regulations, 2016 on July 25,...

The recently-introduced Companies (Significant Beneficial Owners) Amendment Rules, 2019, have been published in the Official Gazette. They have been introduced to identify individuals who have a significant holding or...

During 2018, our lawyers shared their thoughts on a number of major legal developments impacting the Indian economy, spanning a wide arc from data usage and data protection to insolvency resolution and foreign...

On December 26, 2018, the DIPP issued a press note to introduce key changes to the conditions applicable to e-commerce marketplace entities to receive FDI under the FDI Policy. This will come into force on February 1,...

The Supreme Court of India recently dismissed an appeal by a competing resolution applicant, asserting that the acceptance of UltraTech's recent resolution plan to acquire the distressed Indian cement manufacturer,...

Earlier this month, the Supreme Court of India passed a judgment concerning the eligibility of resolution applicants for Essar Steel India Limited. INDUSLAW's Saurav Kumar, Harman Walia and Jaskiran Kaur discusse the...

The Q&A gives a high level overview of matters relating to regulations and regulatory bodies for doing business online, setting up an online business, electronic contracts and signatures, data retention requirements,...

The Reserve Bank of India (the "RBI"), on September 1, 2018, released a user manual (the "SMF Manual") to clearly set out the procedure for filing a single master form (the "SMF"), which it introduced on June 7, 2018,...

The Insolvency & Bankruptcy Code currently has no clear framework for cross border insolvency. That's about to change, with the Ministry of Corporate Affairs recently inviting comments on the draft chapter, broadly...

On June 7, 2018, the Reserve Bank of India (the 'RBI') issued a circular (the 'Circular'),1 introducing a single master form (the 'SMF') to integrate the existing reporting norms for various types of foreign investment...

The President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (the 'Ordinance') on 6 June 2018 to amend the Insolvency and Bankruptcy Code, 2016 (the 'Code'), which amongst other...

The regulator of Indian securities market, the Securities and Exchange Board of India ('SEBI') on May 31, 2018, notified amendments to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011...

In June 2017, the Securities and Exchange Board of India ('SEBI') constituted a committee on corporate governance under the chairmanship of Mr. Uday Kotak, to improve standards of corporate governance of listed entities...

The Ministry of Finance has announced minimum foreign direct investment ("FDI") limits applicable to unregulated or partially regulated investee entities under the Government approval route in the "other financial...

Do the risks outweigh the rewards? Doing business in India can be bewildering for new market entrants, but with nuanced local advice, it can also be a lucrative long term investment. Gaurav Dani and Saurav Kumar...

Doing business and investing in India can seem like a complex process for new market entrants. INDUSLAW helped Polish businesses see the wood for the trees during a workshop in Warsaw last week, with Ran Chakrabarti...

In an attempt to clarify the position in relation to the law relating to cross-border mergers in India, the Reserve Bank of India (the 'RBI') has notified the Foreign Exchange Management (Cross Border Merger)...

In an attempt to promote investment activities and to liberalize the procedures relating to trade credits for imports, the Reserve Bank of India (the "RBI") in 2004, had granted permission to authorized dealer banks...

Earlier in January, the Insolvency and Bankruptcy Code (Amendment) Act (the "Amendment Act") came into force amending the Bankruptcy and Insolvency Code, 2016 (the "Code"), by substantively incorporating changes...

In an attempt to bring the reporting requirements relating to the Foreign Exchange Management Act, 1999 (the 'Act') in line with the recently-introduced Foreign Exchange Management (Transfer or Issue of any Foreign...

The Union Cabinet, on January 10, 2018, approved certain key amendments to the Consolidated FDI Policy Circular of 2017 (the 'FDI Policy'). The amendments aim to further liberalize and simplify the FDI Policy to create...

The Securities and Exchange Board of India ('SEBI') released a circular (the 'Circular') on January 18, 2018, outlining the operational modalities for participation by strategic investors in Infrastructure Investment...

The Ministry of Corporate Affairs notified the Companies (Restriction on Number of Layers) Rules, 2017 (the 'Rules') on September 20, 2017. The Rules have been issued pursuant to Section 2 (87) of the Companies Act,...

In a recent judgment, the National Company Law Appellate Tribunal, New Delhi (the 'NCLAT') held that the provisions of the Limitation Act, 1963 (the 'Limitation Act') do not apply to proceedings initiated under the...

The Rights of Persons with Disabilities Act, 2016 (the 'Act') and the Rights of Persons with Disabilities Rules, 2016 (the 'Rules') came into effect on April 19, 2017 and June 15, 2017, respectively (together, the...

Recently, the Delhi High Court (the "Court") passed a landmark judgment while deciding a petition seeking enforcement of a foreign arbitral award.

The Securities Exchange Board of India ("SEBI"), in a recent order dated March 31, 2017, in the matter of Kamat Hotels (India) Limited (the "SEBI Order") has clarified that protective covenants or rights in favor of an...

This publication highlights some of the key changes to India’s legal framework during 2016, analysing its implications and what it means for investors, lenders, developers and other key stakeholders in the...

India's Finance Minister presented the Union Budget 2017-2018 (the "Budget") before Parliament on February 1, 2017, with promises to boost rural spending and cut taxes for the lower middle classes and small to medium...

This time last year, few would have been optimistic that parliament would be able to push through much needed legislation to trigger sweeping changes to India's indirect taxation system and the resolution of bankruptcy...

The Reserve Bank of India has amended theForeign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (the "TISPRO Regulations"), on January 10, 2017 (the "TISPRO...

In the first of a multi-part series, Mint profiles the 40 most influential people in India's start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most...

On December 1, the Ministry of Corporate Affairs notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (the “Regulations”) to govern...

On December 7, 2016, the Ministry of Corporate Affairs published 2 (two) notifications relating to the commencement of certain sections of the Companies Act, 2013 (the “Commencement Notification”) and the...

It's no secret that the Indian banking industry has a rather large number of loans outstanding that have simply gone wrong. With non-performing loans estimated at just over INR 6.3 trillion1 market. In this context, the...

"One Country, One Tax, One Market" were the excited claims of the architects of the Constitution (One Hundred and First) Amendment Act, 2016, passed by the Rajya Sabha on 3rd August 2016 and the Lok Sabha on 8th August...

Deposits have been defined under the Companies Act, 2013 ("2013 Act") to include any receipt of money by way of deposit or loan or in any other form by a company. However deposits do not include such categories of...

The Department of Industrial Policy & Promotion (the "DIPP") had, in supersession of the erstwhile policy on foreign investments in India (the "Erstwhile FDI Policy") released the consolidated policy on foreign...

The Insolvency and Bankruptcy Code, 2016 (the “Code”) passed by the Lok Sabha on 5th May, 2016[1] seeks to provide a framework for time-bound settlement of insolvency by formulating a survival mechanism or...

The Reserve Bank of India (the “RBI”) notified an amendment to the FEMA 2000 on April 28 2016 by issuing the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)...

The petition filed by the Footwear Manufacturers & Retailers Association before the High Court of Delhi (the “High Court”) last year, alleging violation by the e-commerce players of the regime governing...

The Government of India has launched “Startup India” – an initiative to build a strong eco-system for nurturing innovation and start-ups in the country that could drive sustainable economic growth and...

Earlier this month, the government of India eased restrictions on foreign direct investment ("FDI") in India with a view to promoting the 'Make in India' and 'Startup India' initiatives. The reforms are wide ranging and...

The Department of Industrial Policy and Promotion, Government of India vide press note 9 dated September 16, 2015 ("Press Note") amended the definition of 'capital' and also added paragraph 3.3.3 in the Consolidated...

The Companies Act 2013 has shaken the way business was conducted in India. The governance ecosystem of the Companies Act, 1956 ("Old Act"), with its laissez faire approach to privately held companies, is now history....

"A good company delivers great products and services but a great company does that and makes the world a better place". This statement by William Ford Junior, Chairman of the Ford Motor Company seems very apt to...

Are all directions of a company deemed to be criminally liable in the event of dishonor of cheque issued by the company? Can they all be prosecuted for the dishonor of the cheque? Is it possible at all for the directors...