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Private Client

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By: Cyril Amarchand Mangaldas

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Latest from Private Client

Private Client

Between scrutiny and support: Navigating recent FCRA amendments

By Ritika Rathi, Poorva Bhatia & Esha Goyal
May 5, 2025

The Ministry of Home Affairs (“MHA”) issued a public notice[1] under the Foreign Contribution (Regulation) Act, 2010 (“FCRA”), on April 7, 2025, (“April Notice”) changing the validity and scope of prior permission sought for specific projects.…

Private Client

Allocation of CSR Funds: Need for more equitable distribution

By Bharat Vasani, Saloni Shroff, Maharshi Shah & Ayush Lahoti
April 7, 2025

Context

The Ministry of Corporate Affairs (“MCA”) introduced the concept of Corporate Social Responsibility (“CSR”) for the first time through the Voluntary Guidelines on CSR, 2009. These guidelines encouraged companies to formulate policies to undertake CSR, provide for its strategic…

Private Client

Revoking Gifts by Senior Citizens: Supreme Court judgment ‘Beneficial’ but questions remain

By Shaishavi Kadakia, Radhika Parthasarathy & Deevanshu Jaswani
February 5, 2025

Introduction

In our previous blog post (accessed here), we discussed the judgement of the Supreme Court (SC) in Sudesh Chhikara v. Ramti Devi & Anr[1] (Sudesh Chhikara), whichheld that a gift or transfer of property by a senior…

Private Client

The importance of brand strategy and management for large family businesses

By Swati Sharma & Sanya Rizvi
January 27, 2025

In today’s highly competitive business landscape, a robust brand strategy is crucial for any organisation, especially large conglomerates that bear a family name. A well-defined brand strategy can not only establish a strong market presence, it can also mitigate potential…

Private Client

GIFT-IFSC and LRS- Insurance Products for Resident Indians?

By Pranjita Barman, Shravan Belsare & Saakshi Tibrewal
November 14, 2024

Background

In recent years, the Indian government has made significant strides toward enhancing the operational framework of the International Financial Services Centre at Gujarat International Finance Tec-City (“GIFT-IFSC”). GIFT-IFSC was established with an aim to redirect all financial transactions conducted…

Private Client

Alternative Investment Funds: Dealing with unliquidated investments

By Vivaik Sharma, Kartik Dhir & Saumya Motwani
July 31, 2024

Disposition of unliquidated assets has been a major challenge for some Alternative Investment Funds (“AIFs”). Most AIFs in the market today are close ended i.e., they have a fixed tenure, within which AIF managers are expected to fully exit the…

Private Client

RBI’s revised LRS Circular for IFSC, GIFT City: A Welcome Reform

By Ketaki Gor Mehta, Jinisha Motwani & Hridaykrishna Motwani
July 23, 2024

In consonance with the steps taken by the Government of India to development of India’s maiden International Financial Services Centre (“IFSC”) situated at Gujarat International Finance Tec-City (“GIFT City”), the Reserve Bank of India (“RBI”) has allowed Indian individuals to…

Private Client

Revoking gift deeds due to abuse: Legal options for senior citizens

By Shaishavi Kadakia & Radhika Parthasarathy
July 11, 2024

The following article was first published in the Mint newspaper on 11th July, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint.…

Private Client

Heirs not liable for personal contractual obligations: Supreme Court opines

By Shaishavi Kadakia & Radhika Parthasarathy
July 4, 2024

When entering into contracts, individuals rarely consider whether their contractual obligations would bind or impose liabilities on their heirs in the event of their demise. Therefore, upon the passing of the contracting party, it is, at times, not straightforward to…

Private Client

Private Client Year Book 2024: Q&A India

By Rishabh Shroff, Kunal Savani & Chirag Shah
March 11, 2024

The following Q&A was first published in the Legal 500 and Legal Business Magazine on 8th March, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas. The online version of the Q&A can be found…

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