BUSINESS LAW DIGEST
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
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
CBIC sets temporary concessional tax rates for manufacturers
India’s CBIC temporarily reduces customs duty on goods manufactured by eligible units in special economic zones
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
