BUSINESS LAW DIGEST
Draft rule changes on freezing suspected fraud money
The RBI seeks comment on draft changes to how banks need to operate to freeze accounts or money suspected of fraudulent activity
India’s tighter e-commerce rules take effect on 1 January
India tightens e-commerce rules that will take effect on 1 January 2027
IBBI draft to improve personal guarantor insolvency process
The IBBI seeks comments on draft rules to improve the insolvency resolution process for personal gurantors
CCPA fines Rapido, rebukes Namma Yatri over ride app pricing
The CCPA fines ride-hailing app Rapido INR1 million (USD10,400) and admonishes peer Namma Yatri over “exploitative pricing mechanisms”
NCLT stops repayment plan for Essel Group’s INR220bn loan
A five-member bench of the National Company Law Tribunal (NCLT) stays a INR65 million repayment plan as settlement for a INR220 billion loan taken by Essel Group
India imposes charges on payments to merchants using UPI
India releases details for charges on payments to merchants using the unified payments interface system
India’s patent authority releases patent manual for comments
Indian authorities are seeking public comment on a draft manual to codify procedures at the Indian Patent Office
Ministry seeks input on draft streamlining TV, radio rules
India’s Ministry of Information and Broadcasting seeks stakeholder input on the draft telecommunications rules 2026
SEBI proposes ODR framework for India’s securities markets
The SEBI issues a consultation paper on improvements to the online dispute resolution (ODR) framework for securities markets in India
BCI seeks comments on draft amendments to Advocates Act
The draft Advocates (Amendment) Bill, 2026 has been released seeking comment on proposed rules for foreign lawyers and law firms operating in India, as well as protecting the interests of Indian peers
IBBI proposes one-stop solution digital insolvency platform
The Insolvency and Bankruptcy Board of India (IBBI) is seeking stakeholder input on a proposed unified digital Integrated Platform for Insolvency Ecosystem (iPIE)
CCI fines HP India INR1.38bn for cartelisation, bid rigging
The CCI fines HP India INR1.38 billion for (USD14.4 million) for cartelisation and bid rigging
India-UK CETA takes effect, improves trade, reduces barriers
The India-UK Comprehensive Economic and Trade Agreement takes effect on 15 July 2026, improving bilateral trade and market access
IBBI proposes changes on corporate insolvency framework
The Insolvency and Bankruptcy Board of India issues a discussion paper on proposed changes to toughen the framework on CIRP, liquidation and bankruptcy
US lifts sanctions on four Indian companies for Russia links
The US Department of the Treasury removes sanctions on four Indian manufacturing companies
Delhi EV policy targets adoption of clean mobility by 2030
The National Capital Territory government introduces an electric vehicle (EV) policy to achieve clean mobility by 2030
Finance ministry and RBI amend FEMA rules
Indian regulators release amendments on foreign exchange management regulations replacing the terms NRI and OCI with an individual residing outside India
IFSCA introduces managing general agents for foreign insurers
The IFSCA’s new rules on managing general agents took effect on 8 June 2026, easing the burden on foreign insurers
CCI seeks comments on draft anti-competitive commitment rules
CCI seeks comments on draft revision of commitment rules to address procedural issues on entities accused of anti-competitive practices
India’s Supreme Court seeks opinions on draft AI rules
The Supreme Court of India is seeking stakeholder views on draft regulations for using AI in the judicature
SEBI issues interim order after probe into INR1tn fraud
India’s SEBI issues an interim order against Rajesh Exports and owner Rajesh Mehta, accusing them of defrauding investors of INR1 trillion
