BUSINESS LAW DIGEST
Singapore court sets aside arbitration award over concerns
Singapore’s top court voided an arbitration award by ex-CJI Dipak Misra for copying from other cases with just party names changed
Axis entities reach SEBI settlement over violations
Axis AMC, AMF, and four individuals settled with SEBI for INR62.73 million over violations.
New draft e-commerce standards for stronger self-regulation
BIS released the draft E-commerce – Principles and Guidelines for Self-Governance
Rule changes proposed for category II AIFs
SEBI proposes rule changes to boost investment flexibility for Category II AIFs
Tamil Nadu tightens regulations on online real money gaming
TNOGA introduced strict regulations for online real money gaming, tightening access and user safeguards
Corporate India breathes easier as demat deadline extends to June
MCA extended the deadline for mandatory securities dematerialization to 30 June 2025, easing pressure on private companies
MCA extends deadline for filing financial statements
MCA extended the deadline for Indian companies to file financial statements under the Companies Act, 2013
SEBI cracks down on ‘finfluencers’, impounds INR53.6m
SEBI banned finfluencer Asmita Patel and associates, impounding INR 53.6M (USD 616,364)
RBI strengthens payment systems oversight with revised penalties
RBI introduced a framework for penalties and offence compounding under the Payment and Settlement Systems Act, 2007
IBBI amends liquidation regulations
IBBI has amended liquidation regulations to enhance efficiency, transparency, and integrity
New draft compliance standards for telecoms equipment
New draft rules for telecom equipment standards have been released
SEBI releases draft circular on digital assurance reports
SEBI's draft circular requires listed companies to file a digital assurance report
CCI fines Goldman Sachs AIM over Biocon investment notice
CCI fined Goldman Sachs India INR 4 million for not disclosing its 3.81% stake in Biocon Biologics
SEBI to secure UPI payments for investors to prevent fraud
SEBI released a consultation paper on a draft circular for secure UPI-based investor transfers
Draft amendment to recognise GCs under Advocates Act
The Legal Affairs Department has drafted an amendment to the Advocates Act, 1961, to recognize non-litigating legal professionals as “legal practitioners”
CIRP involving merger needs CCI approval, Supreme Court says
The Supreme Court ruled that CCI approval is required for insolvency plans involving mergers or acquisitions
MeitY seeks feedback on AI governance guidelines
MeitY has invited public input on AI governance guidelines
IBBI issues guidelines on appointing insolvency professionals
IBBI has issued guidelines for insolvency professionals appointed as resolution professionals, liquidators, and trustees
India secures USD850m in ADB green, manufacturing loans
India secured two ADB loans totaling USD850 million for green infrastructure and manufacturing supply chains
Foreign trade policy changes to encourage stakeholder review
The DGFT has amended the Foreign Trade Policy 2023 to enhance stakeholder participation and inclusivity in decision-making
Registration sees SRAI protect screenwriters’ copyrights
The Screenwriters Rights Association of India (SRAI) is now a registered copyright society, authorized to protect members' works under Indian law
