Summary: This blog examines the regulatory framework governing Global Access Providers (GAPs) at IFSC, GIFT City, analysing SEBI’s circular of May 2025, which permits registered broker-dealers to operate within IFSC through a separate business unit and IFSCA’s revised GAP framework
Summary: This article examines the comprehensive trajectory of the Vidarbha decision, beginning with a judgement based on exceptional circumstances that expanded the discretion of the Ld. NCLT(s) and contributed to delays in insolvency admissions. It further discusses the judicial limitation
Summary: Joint ventures begin with commercial optimism, but exit terms are frequently overlooked, leaving parties with ambiguous and incomplete termination clauses. This problem is most acute in 50:50 JVs, where equal ownership creates structural deadlock risks with no natural majority
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
