BUSINESS LAW DIGEST
Alleged mastermind behind INR18.25b GST refund fraud arrested
Ahmedabad’s DGGI arrests alleged “mastermind” Kapil Chugh behind INR18.25 billion GST refund fraud
India embraces commercial mining and UCG in historic first
India’s coal ministry seals agreements with bidders to develop four commcercial mines, including the production of underground coal gasification
India’s new online gaming rules, authority become operational
Legislation and rules to provide operational procedures to tackle online money gaming finally took effect on 1 May 2026
Processing changes on the way for insolvency laws in India
India’s president approves the Insolvency and Bankruptcy Code (Amendment) Act, 2026 set to bring in significant regulatory changes
NSE asks trading members to submit reports on AI, ML app use
NSE asks trading members to submit reports on artificial intelligence and machine learning apps and systems used by market intermediaries
India issues temporary tax exemptions on petrochemicals
India issues temporary customs duty exemptions on petrochemical products in domestic sectors to ease supply chain disruptions from West Asia conflict
New Indian govt order improves natural gas infrastructure
Ministry order to streamline gas pipeline framework takes effect, improving infrastructure and ease of doing business in India
IFSCA revises compliance fees for banking, finance entities
India’s IFSCA revises fee structure for entities in the capital markets, banking and finance sectors
India amends guidelines to smooth FDI route for neighbours
India relaxes land border investment rules, allowing up to 10% beneficial ownership via automatic route for FDI inflows
Supreme Court directs CBI inquiry against DLF Home Developers
India's Supreme Court orders CBI to probe DLF and authorities over flats without independent water supply
IBBI introduces board notified asset valuation standards
IBBI amendment mandates board notified valuation standards and formats for personal guarantor bankruptcy asset valuations
CCI launches investigation against IndiGo
The Competition Commission of India (CCI) has launched an investigation against InterGlobe Aviation
SEBI proposes funds netting for FPIs
The SEBI has proposed to permit netting of funds for transactions done by foreign portfolio investors (FPIs) in the cash market
CBIC extends export incentives on postal shipments
The Central Board of Indirect Taxes and Customs (CBIC) has announced export incentives for shipments made through postal mode in electronic form
India’s green ministry eases water, air pollution compliance
The Ministry of Environment, Forests and Climate Change has released guidelines on water and air pollution laws to simplify bureaucratic processes
Coal ministry amends rules to fast-track Indian mine openings
The Ministry of Coal has notified the Colliery Control (Amendment) Rules, 2025 simplifying approvals for opening coal and lignite mines under the Colliery Control Rules, 2004
DPIIT seeks comments on India’s design law reforms
The proposed reforms are aligned with the government’s vision of “Design in India, Design for the World”
India’s MoEFCC fast-tracks wastewater treatment plants
The Ministry of Environment, Forest and Climate Change (MoEFCC) has amended the regulatory framework for common effluent treatment plants (CETPs)
SEBI proposes changes to rules on stock exchange trading
The Securities and Exchange Board of India (SEBI) has released a consultation paper for public comment on introducing changes to trading at stock exchanges
New green fund rules set India’s polluter-pays principle
The Ministry of Environment, Forest and Climate Change has notified the Environmental (Protection) Fund Rules, 2026 establishing a comprehensive framework
RBI seeks views on maximum eligible dividend payout for banks
The Reserve Bank of India (RBI) has released five sets of proposed directions to change how the maximum eligible dividend payouts for banks are calculated
