The Ministry of Corporate Affairs (MCA), Government of India (GoI) through its notification dated 01 June 2022 (Notification), notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2022 (Amendment Rules) to further amend the Companies (Appointment and Qualification of Directors) Rules, 2014 (Rules). Pursuant to the Rules, every person

The Finance Minister of India presented the Union Budget for the financial year 2022–23 on 1 February 2022 (Budget). The Budget lays the foundation and provides a blueprint to steer the economy over the Amrit Kaal (the best and the most auspicious time) – from India@75 years to India@100 years

The Securities and Exchange Board of India (SEBI), the Indian securities market regulator, notified through a press release (Press Release), amendments to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 relating to related parties (RP) and related party transactions (RPT) (Amendments). The Amendments will come into effect

On 15 September 2021, through a press release, the Government of India announced the approval of a PLI Scheme for the automobile industry and drone industry with a budget of INR 260 Billion (Approx. USD 3.5 Billion). Following such approval, the Ministry of Heavy Industries (MHI) vide gazetted notification dated

With a view to protect and generate employment opportunities, promote healthy competition, protect interests of the consumers, infuse liquidity, encourage investment, boost the proliferation and penetration of broadband and telecom connectivity (including 4G and 5G networks), and reduce regulatory burden on the Telecom Service Providers (TSP), the Indian Union Cabinet

In a major development providing significant relief to the foreign investors, the Taxation Laws (Amendment) Act, 2021 (“Amendment Act”) was enacted on 13 August 2021, amending the contentious retrospective tax provisions under section 9 of the Income Tax Act, 1961 (“IT Act”) and section 119 of the Finance Act, 2012

On 6 August 2021, in Amazon.Com NV Investment Holdings LLC Versus Future Retail Limited & Ors. the Supreme Court of India decided two important questions of law: whether an emergency award under the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC Rules”) can be said to be an order

The Indian securities market regulator, the Securities and Exchange Board of India (SEBI), in its Board Meeting held on 29 June 2021 took various significant decisions, including approving certain amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) pertaining to Independent Directors (IDs), based on which, on

The Department of Justice, Ministry of Law and Justice has on 28 June 2021 launched the ‘Enforcing Contracts Portal’ (“Portal”), which is a historic initiative towards the ease of doing business in India. The Portal is a comprehensive source of information pertaining to legislative and policy reforms relating to enforcing

The Ministry of Corporate Affairs, Government of India (MCA) through its notification dated 15 June 2021, notified the Companies (Meetings of Board and its Powers) Amendment Rules, 2021 (Amendment Rules) to further amend the Companies (Meetings of Board and its Powers) Rules, 2014 (Rules). In the wake of the Covid-19