Summary: This blog examines the compounding framework under the Compounding Rules and Directions, as amended in April 2025, with a particular focus on non-reporting contraventions under FEMA. It argues that the RBI’s increasingly facilitative approach to compounding has made it
Summary: A common misconception is that arbitral tribunals must decide every jurisdictional challenge under Section 16 of the Arbitration and Conciliation Act, 1996, at the threshold before proceeding with the arbitration. This article explains why neither Section 16 nor the
Family businesses in India have spent generations learning to build great companies. Fewer learnt how to run their money. As India’s business families grow richer, family offices (FOs) have quietly become the most powerful seat in the enterprise that almost
Summary: Section 184 of the Companies Act, 2013, governs a director’s duty to disclose his interest in contracts entered into by his company. While it broadly replaced Section 299 of the Companies Act, 1956, Section 184 introduces a notable narrowing
Summary: This article examines the Foreign Contribution (Regulation) Amendment Rules, 2026, which came into force in June 2026. These rules represent a significant recalibration of FCRA, introducing increased compliance obligations for registered organisations. This article analyses the key changes introduced,
Summary: The Supreme Court of India, in Maniyar Iliyaz v. P. Ayyappan, declared the right to walk on footpaths alongside roads a fundamental right under the Part III of the Constitution, prioritising pedestrian movement over vehicles. The case originated from
Summary: Despite Extracorporeal Membrane Oxygenation (“ECMO”) gaining significance as part of critical care treatment in India, especially post-COVID-19, the regulations for ECMO treatment continue to be restricted to the Medical Devices Rules, 2017, and the device risk classification guidelines of
Summary: This blog outlines key changes introduced in Singapore through a revised framework governing Single Family Offices (SFOs). We examine the impact of the newly introduced changes on existing and future SFOs in Singapore.
Summary: CA certificates are governed by the relevant statutory provisions. CAs must issue them in accordance with the professionalism outlined in the ICAI’s code of conduct. Across tax frameworks, such certificates substantiate positions and claims. However, a certificate cannot, on
Summary: Mumbai ITAT in Reliance Foundation Hospital Trust has held that a charitable organisation’s registration cannot be denied merely because of the scale of its operations, sophisticated infrastructure, or substantial receipts. The ITAT examined the scope of enquiry and emphasised
