Summary: The DPIIT has revised the Standard Operating Procedure governing the processing of FDI proposals requiring government approval, to align it with the recent changes introduced under Press Note 2 of 2026 and the NDI Amendment Rules, 2026. While the
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: 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: 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: 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: Countries globally are actively developing strategies to deal with the challenges presented by social media, especially in the context of children. Australia, and more recently the UK, are banning social media for children below a certain age. India is also
Summary: This article examines whether advanced ambulances, such as ALS vehicles and Mobile ICUs, could be classified as mobile clinics or Mobile Medical Units, attracting registration requirements as ‘clinical establishments’ under the Clinical Establishments Act, 2010. A review of the
Summary: The Ministry of Finance published the Draft Insurance Ombudsman (Amendment) Rules, 2025 (“Draft IO Amendment Rules”), for public consultation in November 2025, which continue to remain in draft form. The Draft IO Amendment Rules proposed significant amendments to the
Summary: In a significant ruling pronounced on May 5, 2026, the Supreme Court of India in Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority lifted the corporate veil between Earth Infrastructures Limited and its wholly-owned subsidiaries, upholding
