BUSINESS LAW DIGEST
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
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
New ICC arbitration rules improve efficiency, case management
The ICC issues new arbitration rules, which took effect on 1 June 2026, to improve efficiency, clarity and case management
New CSR instrument exempts companies from impact assessment
India’s Ministry of Corporate Affairs introduces zero coupon, zero principal instruments to help companies facilitate corporate social responsibility compliance
RBI sets cooling off period for co-op bank directors
The Reserve Bank of India updates directions on the tenure of directors at urban and rural co-operative banks
ED arrests accused in INR30bn investor fraud case in India
The Directorate of Enforcement (ED) in Hyderabad, Telangana state, arrests Nowhera Shaik over alleged fraud of INR30 billion (USD314.42 million) from investors
SEBI rolls out fast-track process for AIF memorandums
The SEBI introduces a fast-track mechanism for processing AIF private placement memorandums to improve the ease of doing business
Adanis agree to pay USD18m settlement in US SEC case
Gautam Adani and his nephew, Sagar Adani, consent to pay an USD18 million penalty in a US Securities and Exchange Commission agreement
RBI seeks comments on revised PPI rules to improve security
The Reserve Bank of India is seeking comments from regulated entities, stakeholders and the public on the prepaid payment instruments (PPIs) draft rules
Mumbai ED seizes properties in INR24.67bn money laundering case
ED authorities seize six properties in Kharghar, Mumbai and Pune owned by Suresh Kute, Archana Kute and other entites in money laundering case
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
